.2 min read Last Improved: Sep 27 2024|11:56 PM IST.Property monitoring company SBI Dollars Control has bought office stretching over 67,870 square foot at Parinee Cresenzo in Mumbai's Bandra-Kurla Complicated (BKC) for Rs 103 crore, depending on to real estate data system Propstack.The firm performed certainly not reply to a concern coming from Business Requirement. Visit this site to get in touch with us on WhatsApp.The package comes at a time when India's office market is actually witnessing considerable demand.A couple of days ago, Adar Poonawalla, ceo of Serum Principle of India as well as manager of Climbing Sunlight Holdings, acquired the 1st floor of Cerebrum IT Park in Pune for Rs 395 crore. Depending on to recent records, ICICI Prudential Resource Control Firm entered a large workplace package near Mumbai International Flight Terminal for Rs 315 crore. In another mega deal, Kinnteista, investor Rekha Jhunjhunwala's agency, reportedly bought business area in BKC and also Chandivali in Mumbai for Rs 740 crore. Also, Reddish Fox IT Infra, a subsidiary of Redbrick Offices, is learnt to have actually bought numerous workplace in Mumbai in a Rs 260-crore offer..Nonetheless, many of the workplace offers are in leasing. Property working as a consultant Cushman & Wakefield, in a recent report, said that renting across the top eight cities is actually anticipated to surpass 80 million square feet in 2024. This is being actually steered by a mixture of aspects, consisting of the ongoing growth of markets such as IT and also financial solutions.And many more, Deloitte Shared Services leased 80,000 square foot of workplace in Oberoi Commerz III, Mumbai, earlier this month. The lease is actually expected to begin on Nov 1.Morgan Stanley additionally leased 1 thousand square foot of office in the same complicated in Mumbai lately. The yearly rental fee, extending over a 10-year time period, is actually predicted at Rs 192 crore, along with a security deposit of Rs 104.9 crore, depending on to records.In Bengaluru, real estate player RMZ Firm rented 360,000 square foot of office to Chevron Global Technology as well as Companies at RMZ Ecoworld 30-series recently. Chevron is actually expected to establish a design and also technology excellence centre within this room.In the initial half of 2024 alone, leasing task hit 41.9 million sq ft, representing the highest leasing edition taped for the first fifty percent of any sort of year until now, depending on to market information. This figure represent 56 percent of the complete gross leasing quantity (GLV) for 2023.First Published: Sep 27 2024|11:56 PM IST.