.2 min reviewed Final Updated: Sep 27 2024|11:56 PM IST.Possession management company SBI Funds Management has actually acquired workplace extending 67,870 sq ft at Parinee Cresenzo in Mumbai's Bandra-Kurla Facility (BKC) for Rs 103 crore, depending on to real estate data platform Propstack.The business performed not reply to a question from Business Criterion. Visit here to connect with our company on WhatsApp.The deal comes at a time when India's workplace market is actually seeing notable requirement.A handful of days back, Adar Poonawalla, chief executive officer of Lotion Institute of India and also proprietor of Increasing Sunlight Holdings, purchased the initial floor of Cerebrum IT Playground in Pune for Rs 395 crore. Depending on to latest reports, ICICI Prudential Property Monitoring Provider got into a big office space bargain near Mumbai International Airport for Rs 315 crore. In another ultra deal, Kinnteista, financier Rekha Jhunjhunwala's firm, apparently purchased commercial area in BKC and also Chandivali in Mumbai for Rs 740 crore. Likewise, Red Fox IT Infra, a subsidiary of Redbrick Offices, is found out to have purchased numerous office spaces in Mumbai in a Rs 260-crore bargain..However, much of the workplace offers reside in leasing. Home consultancy Cushman & Wakefield, in a recent file, claimed that leasing across the top eight cities is actually anticipated to exceed 80 million straight feets in 2024. This is being actually driven through a combo of aspects, including the continuing growth of industries like IT and also economic companies.And many more, Deloitte Shared Companies leased 80,000 sq ft of office space in Oberoi Commerz III, Mumbai, previously this month. The lease is expected to begin on November 1.Morgan Stanley also leased 1 thousand square foot of workplace in the exact same complex in Mumbai recently. The annual lease, crossing a 10-year time period, is actually approximated at Rs 192 crore, with a down payment of Rs 104.9 crore, depending on to reports.In Bengaluru, real estate gamer RMZ Enterprise leased 360,000 sq ft of office space to Chevron Global Modern Technology as well as Provider at RMZ Ecoworld 30-series just recently. Chevron is actually assumed to establish a design and also innovation quality facility within this area.In the very first half of 2024 alone, leasing task hit 41.9 thousand square feet, representing the best leasing edition documented for the 1st one-half of any year thus far, depending on to field data. This figure make up 56 per-cent of the overall gross leasing quantity (GLV) for 2023.Initial Released: Sep 27 2024|11:56 PM IST.