.2 min read Final Updated: Sep 27 2024|11:56 PM IST.Asset control firm SBI Funds Control has acquired office reaching 67,870 sq ft at Parinee Cresenzo in Mumbai's Bandra-Kurla Complex (BKC) for Rs 103 crore, according to real estate records platform Propstack.The provider did certainly not respond to an inquiry coming from Service Standard. Click on this link to associate with our team on WhatsApp.The bargain comes with a time when India's office market is observing substantial need.A few times earlier, Adar Poonawalla, ceo of Lotion Institute of India and proprietor of Rising Sunlight Holdings, got the initial floor of Brain IT Playground in Pune for Rs 395 crore. According to recent reports, ICICI Prudential Property Management Business went into a huge workplace deal near Mumbai International Airport for Rs 315 crore. In one more ultra bargain, Kinnteista, real estate investor Rekha Jhunjhunwala's company, reportedly purchased industrial area in BKC and Chandivali in Mumbai for Rs 740 crore. Additionally, Reddish Fox IT Infra, a subsidiary of Redbrick Offices, is actually found out to have actually purchased a number of workplace in Mumbai in a Rs 260-crore package..Having said that, most of the workplace offers reside in leasing. Building working as a consultant Cushman & Wakefield, in a current document, claimed that renting all over the top 8 metropolitan areas is assumed to go over 80 thousand square feets in 2024. This is actually being actually driven by a mix of aspects, featuring the continuing growth of fields such as IT and also economic services.Among others, Deloitte Shared Providers rented 80,000 square foot of office space in Oberoi Commerz III, Mumbai, earlier this month. The lease is actually expected to begin on November 1.Morgan Stanley likewise leased 1 million square feet of office space in the exact same complex in Mumbai recently. The yearly rental payment, crossing a 10-year time period, is actually estimated at Rs 192 crore, with a down payment of Rs 104.9 crore, depending on to reports.In Bengaluru, realty player RMZ Firm rented 360,000 square foot of workplace to Chevron Global Innovation and Provider at RMZ Ecoworld 30-series lately. Chevron is assumed to put together a design and also advancement quality facility within this area.In the 1st fifty percent of 2024 alone, leasing task got to 41.9 thousand square foot, exemplifying the greatest leasing volume documented for the initial half of any year until now, according to sector data. This figure represent 56 per cent of the overall gross leasing amount (GLV) for 2023.Initial Released: Sep 27 2024|11:56 PM IST.