.2 min read through Final Updated: Sep 27 2024|11:56 PM IST.Asset management agency SBI Management has bought workplace spanning 67,870 square feet at Parinee Cresenzo in Mumbai's Bandra-Kurla Complex (BKC) for Rs 103 crore, according to real estate records platform Propstack.The provider carried out not react to a concern from Business Specification. Go here to get in touch with our company on WhatsApp.The offer comes at a time when India's workplace market is seeing substantial requirement.A couple of times back, Adar Poonawalla, chief executive officer of Lotion Principle of India and owner of Climbing Sun Holdings, purchased the very first floor of Cerebrum IT Park in Pune for Rs 395 crore. According to latest documents, ICICI Prudential Resource Monitoring Business entered into a sizable office space package near Mumbai International Airport for Rs 315 crore. In yet another huge deal, Kinnteista, real estate investor Rekha Jhunjhunwala's agency, apparently bought office space in BKC as well as Chandivali in Mumbai for Rs 740 crore. Additionally, Red Fox IT Infra, a subsidiary of Redbrick Workplaces, is discovered to have actually acquired numerous office spaces in Mumbai in a Rs 260-crore package..Having said that, most of the workplace bargains reside in leasing. Property consultancy Cushman & Wakefield, in a latest record, mentioned that leasing across the top 8 areas is assumed to go beyond 80 thousand square feet in 2024. This is being actually steered through a mix of factors, including the continuing growth of markets such as IT and also economic companies.And many more, Deloitte Shared Providers leased 80,000 square foot of workplace in Oberoi Commerz III, Mumbai, earlier this month. The lease is actually expected to start on Nov 1.Morgan Stanley likewise leased 1 million square feet of office in the very same facility in Mumbai just recently. The annual lease, extending over a 10-year time period, is actually approximated at Rs 192 crore, with a down payment of Rs 104.9 crore, depending on to files.In Bengaluru, real estate gamer RMZ Corporation leased 360,000 sq ft of office to Chevron Global Innovation and Solutions at RMZ Ecoworld 30-series just recently. Chevron is actually assumed to put together a design as well as technology excellence facility within this area.In the very first one-half of 2024 alone, leasing task arrived at 41.9 million sq ft, embodying the highest leasing edition captured for the very first fifty percent of any kind of year up until now, according to industry data. This number accounts for 56 percent of the total gross leasing amount (GLV) for 2023.Very First Published: Sep 27 2024|11:56 PM IST.