.2 minutes read through Last Updated: Sep 27 2024|11:56 PM IST.Asset management company SBI Dollars Management has obtained workplace covering 67,870 square foot at Parinee Cresenzo in Mumbai's Bandra-Kurla Facility (BKC) for Rs 103 crore, depending on to real estate information platform Propstack.The company carried out not reply to a query coming from Organization Standard. Visit here to connect with our company on WhatsApp.The offer comes at an opportunity when India's workplace market is actually witnessing substantial demand.A few days ago, Adar Poonawalla, ceo of Cream Principle of India and also proprietor of Rising Sun Holdings, acquired the very first flooring of Brain IT Park in Pune for Rs 395 crore. According to current documents, ICICI Prudential Property Management Company entered a huge office space bargain near Mumbai International Airport Terminal for Rs 315 crore. In an additional mega bargain, Kinnteista, financier Rekha Jhunjhunwala's organization, apparently bought business space in BKC as well as Chandivali in Mumbai for Rs 740 crore. Additionally, Red Fox IT Infra, a subsidiary of Redbrick Offices, is actually know to have purchased numerous office in Mumbai in a Rs 260-crore offer..Having said that, a lot of the workplace deals are in leasing. Residential property consultancy Cushman & Wakefield, in a recent document, pointed out that leasing all over the best 8 cities is actually anticipated to go beyond 80 million square feet in 2024. This is actually being driven by a combination of elements, featuring the continued development of industries including IT and economic companies.Among others, Deloitte Shared Services leased 80,000 square foot of workplace in Oberoi Commerz III, Mumbai, previously this month. The lease is actually anticipated to start on Nov 1.Morgan Stanley additionally leased 1 million sq ft of office in the same complicated in Mumbai recently. The annual rental payment, crossing a 10-year time frame, is predicted at Rs 192 crore, along with a security deposit of Rs 104.9 crore, according to documents.In Bengaluru, real estate player RMZ Company leased 360,000 square feet of workplace to Chevron Global Modern Technology and Services at RMZ Ecoworld 30-series just recently. Chevron is expected to establish a design and innovation excellence facility within this area.In the very first one-half of 2024 alone, leasing activity arrived at 41.9 million square feet, exemplifying the highest possible leasing volume captured for the first one-half of any type of year thus far, according to sector information. This number accounts for 56 per cent of the overall gross leasing volume (GLV) for 2023.Initial Posted: Sep 27 2024|11:56 PM IST.