.2 min read through Last Improved: Sep 27 2024|11:56 PM IST.Possession monitoring firm SBI Dollars Control has bought office extending 67,870 square foot at Parinee Cresenzo in Mumbai's Bandra-Kurla Complex (BKC) for Rs 103 crore, depending on to real estate data platform Propstack.The provider carried out not react to a question from Business Criterion. Click here to associate with our company on WhatsApp.The package comes at a time when India's office market is actually seeing considerable demand.A handful of times back, Adar Poonawalla, chief executive officer of Lotion Institute of India and also manager of Increasing Sunshine Holdings, bought the 1st floor of Brain IT Playground in Pune for Rs 395 crore. According to current documents, ICICI Prudential Resource Administration Firm got into a huge workplace bargain near Mumbai International Airport Terminal for Rs 315 crore. In another huge offer, Kinnteista, investor Rekha Jhunjhunwala's agency, apparently purchased business room in BKC and also Chandivali in Mumbai for Rs 740 crore. Also, Red Fox IT Infra, a subsidiary of Redbrick Offices, is actually found out to have gotten numerous office in Mumbai in a Rs 260-crore bargain..Nevertheless, most of the office bargains are in leasing. Residential property consultancy Cushman & Wakefield, in a current report, mentioned that renting around the top eight metropolitan areas is actually expected to exceed 80 thousand square feet in 2024. This is being actually steered through a mixture of factors, featuring the ongoing growth of sectors including IT as well as economic services.Among others, Deloitte Shared Companies rented 80,000 square feet of office space in Oberoi Commerz III, Mumbai, previously this month. The lease is expected to begin on Nov 1.Morgan Stanley also leased 1 thousand square feet of workplace in the exact same complex in Mumbai lately. The annual rent, crossing a 10-year time period, is actually approximated at Rs 192 crore, with a security deposit of Rs 104.9 crore, according to documents.In Bengaluru, real estate player RMZ Organization rented 360,000 sq ft of office space to Chevron Global Innovation as well as Solutions at RMZ Ecoworld 30-series recently. Chevron is expected to establish a design as well as advancement quality center within this area.In the 1st fifty percent of 2024 alone, leasing activity arrived at 41.9 thousand sq ft, standing for the best leasing edition recorded for the 1st fifty percent of any kind of year up until now, according to market data. This number accounts for 56 percent of the total gross leasing amount (GLV) for 2023.Initial Published: Sep 27 2024|11:56 PM IST.