.2 minutes read Final Updated: Sep 27 2024|11:56 PM IST.Resource control firm SBI Funds Administration has bought office extending 67,870 sq ft at Parinee Cresenzo in Mumbai's Bandra-Kurla Facility (BKC) for Rs 103 crore, according to realty records platform Propstack.The firm carried out not reply to a question from Service Specification. Click here to associate with us on WhatsApp.The package comes at a time when India's office market is seeing considerable demand.A couple of days ago, Adar Poonawalla, ceo of Cream Principle of India and also manager of Increasing Sunshine Holdings, acquired the first flooring of Cerebrum IT Playground in Pune for Rs 395 crore. Depending on to recent reports, ICICI Prudential Resource Management Provider got into a huge office deal near Mumbai International Airport Terminal for Rs 315 crore. In yet another mega offer, Kinnteista, real estate investor Rekha Jhunjhunwala's agency, apparently acquired commercial space in BKC and also Chandivali in Mumbai for Rs 740 crore. Also, Reddish Fox IT Infra, a subsidiary of Redbrick Workplaces, is found out to have acquired many office in Mumbai in a Rs 260-crore bargain..However, a number of the workplace offers reside in leasing. Home consultancy Cushman & Wakefield, in a latest report, stated that leasing across the top 8 cities is expected to surpass 80 thousand square feets in 2024. This is being steered by a mixture of factors, consisting of the continued growth of markets like IT as well as financial solutions.Among others, Deloitte Shared Companies rented 80,000 square foot of office space in Oberoi Commerz III, Mumbai, previously this month. The lease is actually assumed to begin on November 1.Morgan Stanley additionally rented 1 thousand square feet of office in the exact same complex in Mumbai recently. The yearly lease, crossing a 10-year time period, is determined at Rs 192 crore, along with a security deposit of Rs 104.9 crore, according to records.In Bengaluru, realty player RMZ Firm leased 360,000 square feet of office to Chevron Global Modern Technology as well as Solutions at RMZ Ecoworld 30-series recently. Chevron is assumed to set up an engineering as well as technology excellence centre within this room.In the initial half of 2024 alone, leasing task reached 41.9 million square foot, exemplifying the highest possible leasing volume taped for the initial one-half of any kind of year up until now, depending on to market data. This number represent 56 per-cent of the complete gross leasing quantity (GLV) for 2023.First Published: Sep 27 2024|11:56 PM IST.