.2 minutes read through Last Upgraded: Sep 27 2024|11:56 PM IST.Possession monitoring organization SBI Dollars Monitoring has bought workplace spanning 67,870 square feet at Parinee Cresenzo in Mumbai's Bandra-Kurla Complex (BKC) for Rs 103 crore, according to realty information system Propstack.The business did certainly not react to an inquiry coming from Company Specification. Visit here to associate with us on WhatsApp.The package comes with an opportunity when India's office market is watching significant requirement.A handful of times earlier, Adar Poonawalla, ceo of Serum Principle of India and also manager of Increasing Sun Holdings, got the 1st floor of Cerebrum IT Playground in Pune for Rs 395 crore. Depending on to current files, ICICI Prudential Resource Administration Business entered into a huge workplace bargain near Mumbai International Airport for Rs 315 crore. In yet another mega deal, Kinnteista, real estate investor Rekha Jhunjhunwala's organization, reportedly acquired commercial area in BKC as well as Chandivali in Mumbai for Rs 740 crore. Also, Red Fox IT Infra, a subsidiary of Redbrick Offices, is actually learnt to have actually gotten numerous office spaces in Mumbai in a Rs 260-crore bargain..Having said that, a number of the workplace packages are in leasing. Home working as a consultant Cushman & Wakefield, in a current record, pointed out that renting across the leading 8 areas is expected to surpass 80 million square feets in 2024. This is actually being steered by a combination of factors, featuring the continued growth of fields including IT and economic services.Among others, Deloitte Shared Solutions leased 80,000 square feet of office in Oberoi Commerz III, Mumbai, earlier this month. The lease is assumed to start on Nov 1.Morgan Stanley additionally leased 1 million square foot of workplace in the same complex in Mumbai recently. The yearly rental payment, crossing a 10-year time frame, is actually estimated at Rs 192 crore, along with a security deposit of Rs 104.9 crore, depending on to reports.In Bengaluru, real estate gamer RMZ Enterprise rented 360,000 square feet of office to Chevron Global Technology and also Companies at RMZ Ecoworld 30-series just recently. Chevron is actually assumed to set up a design and also innovation quality center within this area.In the initial half of 2024 alone, leasing activity arrived at 41.9 million sq ft, working with the highest leasing volume taped for the initial half of any kind of year so far, depending on to field information. This number make up 56 percent of the total gross leasing quantity (GLV) for 2023.Very First Published: Sep 27 2024|11:56 PM IST.