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Thursday
October 2020
1:22 PM IST
News Headlines
Liverpool midfielder Thiago Alcantara contracts COVID-19        Delhi Capitals skipper Shreyas Iyer fined Rs 12 lakh for slow over-rate        Serena Williams pulls out of French Open with hurt Achilles        Markets mixed after Trump-Biden debate; data lifts China        Govt opening up economy for greater pvt sector participation: Goyal        Maldives thanks India for $250 million support amid COVID-19 pandemic        Pak opens all educational institutions, six months after closure due to COVID-19        Trump urges supporters to watch ballots very carefully        Waiting eagerly for CBI probe outcome in Sushant case:Minister        NHRC notice to UP govt, state police chief over gang rape of Dalit woman        Cong will celebrate Diwali with people after bypolls: Kamal Nath        India's COVID-19 caseload races past 62 lakh, recoveries surge to 51,87,825        All 32 accused in Babri demolition case acquitted; court clears Advani, Joshi of conspiracy charge        Amnesty International halts operations in India        COVID-19:All party meet in Kerala decides to adhere to health protocol strictly,rules out lockdown        Kerala reports 7354 new COVID-19 cases,22 deaths        Tensions mount as Armenia, Azerbaijan continue fighting        Kuwaiti ruler Sheikh Sabah has died at 91        IPL 2020: SRH beat DC by 15 runs runs, register 1st win of season        Djokovic drops only 5 games        
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Business News
Warehousing demand in 8 major cities drops 29% in Jan-Mar, new supply down 14%: Report
 
New Delhi, May 11 (PTI) Warehousing space leasing fell 29 per cent to 5.9 million sq ft and new supply declined 14 per cent to 9 million sq ft in the first quarter of this calendar year across eight major cities in the country amid coronavirus outbreak, according to JLL India.

The absorption and new supply of warehousing space stood at 8.3 million sq ft and 10.5 million sq ft, respectively, across eight cities -- Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, Delhi-NCR and Pune.

Property consultant JLL India expects limited leasing activities during the second quarter of 2020 calendar year. New supply will also get deferred because of the lockdown to control the spread of COVID-19.

However, it said that "there can be gradual revival in the demand post lockdown as leases and active requests for proposals (RFPs) that were in various stages of closure may be executed."

Increased enquiries from e-commerce and third party logistics players are expected, the report said, adding that the grade-A properties will be preferred due to adherence to additional safety norms.

"The pent up demand and project closures might be pushed by two quarters and Q4 will be an interesting quarter to watch out for.

The fundamentals remain strong and there is opportunity for India to capture the pie of manufacturing demand in case companies re-plan their global supply chains from business continuity plan point of view," the report said.

As COVID-19 has significantly impacted businesses and the economy worldwide, consumers have shifted consumption activity to online transactions, the consultant said.

"In the short run, while few sectors like auto, heavy machinery and chemicals might renegotiate existing rentals, sectors such as FMCG, e-commerce, pharmaceuticals, cold storage will see increased growth and demand for additional warehouse spaces, as well as stringent health norms are facilities," the report said.

Occupiers will realign their overall real estate strategy based on post COVID-19 scenarios, such as migrant labour availability, consumer demand and government support, it added.


Markets mixed after Trump-Biden debate; data lifts China
Govt opening up economy for greater pvt sector participation: Goyal
BPCL pays for defaulting Videocon in Brazil oil block
Temporary retention of GST cess pending reconciliation not diversion: FinMin sources
Trai drops probe against Voda Idea on priority plan issue after telco tweaks offer
Sensex climbs nearly 400 points in early trade; Nifty above 10,900
Rupee depreciates 26 paise to 73.83 against US dollar in early trade
STL strengthens global leadership team to drive the next phase of growth
HCL Technologies shares jump 5 pc after DWS deal
Sensex, Nifty start on cautious note; HCL Tech rallies over 4 pc
TCS sets up 11 COVID-19 isolation centres for staff, their dependents
Over Rs 70K crore worth of loans sanctioned to discoms under liquidity package: Govt
US stocks fall as market decline extends for third week
No decision to discontinue printing of Rs 2000 note: FinMin
More Indians in Singapore returning home due to job losses: Envoy
Rupee drops 13 paise to 73.73 against US dollar in early trade
Trai grants Voda Idea time till Sep 8 to respond to priority plan show-cause notice
PVR defers capex plans to control costs amid COVID-19 disruptions
India's commitment to reform being taken seriously by foreign investors: FM
Air India to resume Mumbai-Aurangabad flights from Sep 15
KERALA NEWS
Kerala reports 7354 new COVID-19 cases,22 deaths
 Thiruvananthapuram: Kerala on Tuesday again registered a spike in new COVID-19 cases reporting 7,354  
COVID-19 tally in Kerala racing towards 1.50 lakh mark
Take steps to attach properties of pvt financial institution; HC to govt
Kerala logs single-day highest spike of 3,830 COVID-19 cases
INTERNATIONAL NEWS
Maldives thanks India for $250 million support amid COVID-19 pandemic
 United Nations, Sep 30 (PTI) The Maldives has thanked India for the financial assistance of USD 250
Pak opens all educational institutions, six months after closure due to COVID-19
Trump urges supporters to watch ballots very carefully
Tensions mount as Armenia, Azerbaijan continue fighting
NATIONAL NEWS
Waiting eagerly for CBI probe outcome in Sushant case:Minister
 Mumbai, Sep 29 (PTI) Maharashtra Home Minister Anil Deshmukh on Tuesday sought to know what happened
NHRC notice to UP govt, state police chief over gang rape of Dalit woman
Cong will celebrate Diwali with people after bypolls: Kamal Nath
Amnesty International halts operations in India
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