Saturday, Aug 8 2020 | Time 11:49 Hrs(IST)
  • One among killed in AI Express flight accident at Calicut Intl Airport test positive for Covid-19
  • Arunachal's COVID-19 case tally crosses 2000-mark
  • Situation worsens in Tripura: Covid unit shifted after major fault found in ICU
  • Collector releases names of 18 persons killed in AI Express flight accident at Calicut Intl Airport
  • Situation worsens in Tripura: Covid unit shifted after major fault found in ICU
  • No trace of TA rifleman, abducted in south Kashmir
  • Shortage of fuel must have compelled AI Express flight land on runway 10 : Aviation Expert
  • Surge in COVID-19 positive cases continue in Telangana
  • Bengal observing complete lockdown for the fifth day today to break Covid-19 chain
  • Massive landslide : 18 bodies recovered from debris, 12 rescued, search on to locate 48 missing persons
  • Fire in sub district hospital Tangmarg in Baramulla
  • Sensex rallied by 433 68 pts during week
  • TN CM condoles death of 18 people in Kozhikode air crash
  • India reports single-day spike of over 60k cases for second day in row
  • Brazil registered nearly 100,000 COVID-19 deaths
Business Economy

Real estate to get major boost in 2019: CBRE

New Delhi, Mar 29 (UNI) Real estate market will see significant growth across segments, which will lead to the addition of almost 200 million sq. ft. of new real estate space in 2019 across categories including office, retail, residential and logistics.
"The growth will be driven by numerous factors including technology, demand-supply dynamics, improved ease of doing business rankings and the dust settling post the implementation of reforms such as GST, RERA among others," stated Real estate consulting firm CBRE South Asia Pvt. Ltd.
The findings of its Real Estate Market Outlook 2019 - India stated that technologies such as Artificial Intelligence, Augmented Reality, Internet of Things, Robotic Process Automation and Blockchain are trends that are reshaping how the real estate sector works.
Anshuman Magazine, Chairman & CEO - India, South East Asia, Middle East & Africa said, “The current government’s pro-reform policies have yielded positive news for the equity market and investment inflows, thereby positioning India as an attractive business destination."
"The year 2018 was a landmark one with office space absorption crossing an all-time high of 47 million sq. ft. (up 5 pc y-o-y) across the nine leading cities, boosted by a supply influx of 35 million sq. ft. (up 17% y-o-y). Bangalore and Delhi-NCR continued to dominate take-up; Hyderabad emerged as the third most preferred office destination, overtaking Mumbai," the findings stated.
The share of technology in overall space take-up in the country will remain in the range of 30 – 35% by the end of 2019.
"We expect development patterns to be more tech-tailored and anticipate a stronger pipeline in 2019. CBRE expects nearly 40 million sq. ft. of new office space to be released over the next twelve months. Almost 30% of this pipeline is expected to be in the SEZ space. There is also expected to be an impetus on “smarter” buildings – driven by the augmented use of tech for optimising space and costs," he added in a statement.
"We expect rents to continue to grow across the key markets in Bangalore, Chennai and Pune, however, this growth is expected to taper across most cities. ‘Gateway’ cities of Delhi-NCR and Mumbai would also see rental growth, however only in select locations. Also, a convergence between SEZ and non-SEZ rentals is expected in 2019," he further said.
More News

Goa based start-up, among global top five waste management technology firms

08 Aug 2020 | 11:18 AM

By Anil Mishra
Panaji, Aug 8 (UNI) An Indian firm, Flycatcher Technologies, has been ranked among the world's five top waste management start-ups, which are making a difference in today's smart cities, by a global start-up scouting outfit StartUs Insights.

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First hospitals in U S implant next-generation cardiac device to reduce risk of stroke

08 Aug 2020 | 11:15 AM

AUSTIN, Texas, Aug 8, 2020 /PRNewswire/ - On Aug. 5, 2020, physicians at the Texas Cardiac Arrhythmia Institute (TCAI) at St. David's Medical Center in Austin, Texas, and Los Robles Health System in Thousand Oaks, California, became the first in the nation to implant the only FDA-approved device for the reduction of stroke risk in patients with non-valvular atrial fibrillation (A Fib). The physicians at these hospitals, both HCA Healthcare facilities, performed near simultaneous implantation of the WATCHMAN FLXTM Left Atrial Appendage Closure (LAAC).

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Sensex rallied by 433 68 pts during week

Sensex rallied by 433 68 pts during week

08 Aug 2020 | 11:01 AM

Mumbai, Aug 8 (UNI) The benchmark index of Bombay Stock Exchange advanced by 433.68 points or 1.15 pc at 38,040.57 in the week under review after the Reserve Bank of India (RBI) left key interest rates unchanged and allowed banks to restructure certain loan as part of efforts to revive the economy.

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Bullion Market opening Rates

08 Aug 2020 | 10:59 AM

Chennai,Aug 8(UNI) Following is the bullion markets
opening rate here today.

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Power generation in four units of NTPC Kahalgaon remained paralysed for second day

08 Aug 2020 | 12:06 AM

Bhagalpur, Aug 7 (UNI) Electricity supply may get affected as power generation in four units of 210 megawatt each remained paralyzed for the second consecutive day on Friday following collapse of two embankment of Ash dike Lagoon of NTPC in Kahalgaon of Bhagalpur.

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