.2 min read Final Upgraded: Sep 27 2024|11:56 PM IST.Asset management company SBI Dollars Management has acquired workplace stretching over 67,870 square foot at Parinee Cresenzo in Mumbai's Bandra-Kurla Complicated (BKC) for Rs 103 crore, depending on to real property information platform Propstack.The company did not respond to a concern coming from Organization Requirement. Visit here to get in touch with our team on WhatsApp.The bargain comes with a time when India's office market is actually watching considerable demand.A few days back, Adar Poonawalla, chief executive officer of Serum Institute of India and manager of Rising Sunlight Holdings, bought the initial flooring of Brain IT Park in Pune for Rs 395 crore. According to latest files, ICICI Prudential Property Monitoring Company got into a huge office space deal near Mumbai International Airport for Rs 315 crore. In another huge deal, Kinnteista, financier Rekha Jhunjhunwala's agency, reportedly acquired industrial space in BKC and also Chandivali in Mumbai for Rs 740 crore. Likewise, Reddish Fox IT Infra, a subsidiary of Redbrick Workplaces, is actually found out to have actually purchased numerous workplace in Mumbai in a Rs 260-crore bargain..Nevertheless, a number of the office offers are in leasing. Residential property working as a consultant Cushman & Wakefield, in a current file, pointed out that leasing across the leading eight areas is anticipated to go over 80 million straight feets in 2024. This is being driven through a blend of elements, consisting of the continuing growth of industries including IT and financial solutions.To name a few, Deloitte Shared Companies leased 80,000 square foot of office in Oberoi Commerz III, Mumbai, earlier this month. The lease is anticipated to begin on November 1.Morgan Stanley also leased 1 million square foot of office in the same complicated in Mumbai recently. The yearly rental payment, extending over a 10-year time frame, is actually determined at Rs 192 crore, with a down payment of Rs 104.9 crore, according to reports.In Bengaluru, realty player RMZ Company rented 360,000 sq ft of office to Chevron Global Modern Technology and Companies at RMZ Ecoworld 30-series lately. Chevron is actually expected to set up an engineering and advancement excellence center within this space.In the very first one-half of 2024 alone, leasing task arrived at 41.9 million sq ft, embodying the highest leasing volume videotaped for the very first half of any sort of year thus far, depending on to field data. This amount accounts for 56 percent of the total gross leasing amount (GLV) for 2023.Very First Posted: Sep 27 2024|11:56 PM IST.