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India now a preferred market for global investors for office space

News Mantra — Mon, 19 Jun 2023 09:35:35 +0000

Growth opportunities in tier-1 and tier-2 cities are driving investment in office space in India. The latest Colliers Global Insights & Outlook – Office Report shows that the office sector in India continues to dominate institutional investment inflows, accounting for over 44% of total investments over the last five years (2018-22).
The Indian office sector has already recorded institutional inflows of USD 0.9 billion in the first quarter of 2023, accounting for 55% of total investments. India’s office space saw steady investment of $3.2 billion since 2018, $2.8 billion in 2019 and $2.2 billion in 2020 the year of covid, reaching a low of $1.3 billion in the covid recovery year of 2021, with investment in office space rebounding to $2.0 billion as companies recovered from the covid-19 crisis.
From 2018 to 2022, the share of total investment averaged 43.8%, with the lowest being 32% in 2021 and 55% in 2018 of total investment in Indian office space by institutional investors.
“Amidst global recalibrations of office space driven by cost control, hybrid work culture, and business slowdown, markets like India continue to benefit due to lower costs with quality of assets, talent pool availability, and increased institutionalized framework. Although global sentiments have reduced the Investor activity in India, institutional buyers remain bullish over the medium to long term as the underlying demand for Office space remains strong and markets like India benefit from the shift in office market dynamics,” says Piyush Gupta, Managing Director, Capital Markets & Investment Services.
In India, office demand has recovered at a faster pace despite ongoing global headwinds in the form of economic disruptions and geopolitical tensions. According to the report, 50.3 million square feet of office space was leased in the 6 largest cities in 2022, more than any other year. The report stated that Q1 2023 started cautiously with total leasing of 10.1m sq ft in the top 6 cities, 19% lower than the same period last year. The sectors that led to an increase in lettings were technology with a 22% share, closely followed by flex space at 20%. Flex space has proven to be a compelling alternative to traditional office space for occupiers as it supports occupiers’ evolving hybrid strategies, the report said.
“As Hybrid working remains the mainstay for occupiers in India, relevance of physical office space remains intact. Occupiers are focusing on optimal locations, high-quality amenities, and well-designed fit-outs as they look to create an enriching experience for their employees,’’ said says Vimal Nadar, Senior Director and Head of Research, Colliers India.
When it comes to office space, the focus is largely on ESG-compliant buildings that have higher operational efficiencies and reduce energy consumption to meet their net-zero targets. On the other hand, developers who take into account the evolving needs of users are integrating smart technologies and sustainable infrastructures into their workplace projects. In the future, Indian office spaces will be equipped with smart technologies such as the Internet of Things (IoT) and predictive analytics for cost optimizations, carbon reduction and better space utilization. With ESG being critical for occupiers, green finance will become an integral part of investors’ strategy. India’s economic resilience, supportive government policies and improving business environment will enable it to maintain its position as an attractive market for global investors in the long run.

-SURESH RATHOD

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‘Covid infection can cause Neurological, Psychiatric issues’

Newsmantra — Thu, 18 Aug 2022 08:36:25 +0000

Covid sufferers have an elevated risk of developing neurological and psychiatric conditions, including seizures, brain fog, psychosis and dementia, research suggests.

Experts studied over 1.25million people with Covid and found new diagnoses of psychosis, dementia, seizures and brain fog were more common during the two years after having the virus than with other respiratory infections like the flu.

Children saw fewer increases in most conditions than adults, apart from seizures and psychosis. The study found that in adults, the risk of having a depression or anxiety diagnosis initially increased post Sras-CoV-2 infection but returned to the same with other respiratory infections after a relatively short time.

The delta and omicron variants were linked with more disorders than the alpha variant. Omicron is related with similar neurological and psychiatric risks. Lead author Professor Paul Harrison, from the University of Oxford, said the study showed that brain conditions linked to Covid may far outlast the pandemic. He called for research into ‘what can be done to prevent or treat these conditions’.

But Professor Paul Garner, from the Liverpool School of Tropical Medicine, cautioned that an increased risk of dementia and psychosis may be related to ‘societal upheaval’ rather than to Covid itself.

‘I think we need to be careful in the interpretation of the reported small increases in dementia and psychosis: these are, in my opinion, more likely to be related to the societal upheaval and dystopia we have been living through rather than being a direct effect of the virus,’ he said.

Professor Harrison added: ‘In addition to confirming previous findings that Covid-19 can increase the risk for some neurological and psychiatric conditions in the first six months after infection, this study suggests that some of these increased risks can last for at least two years.

‘The results have important implications for patients and health services as it suggests new cases of neurological conditions linked to Covid-19 infection are likely to occur for a considerable time after the pandemic has subsided.

‘Our work also highlights the need for more research to understand why this happens after Covid-19, and what can be done to prevent or treat these conditions.’

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Covid positivity rate has now increased in Delhi

Newsmantra — Tue, 26 Apr 2022 05:47:29 +0000

India recorded 2,483 new Covid-19 infections in the last 24 hours ending 8 am Tuesday — slightly lower than the previous day’s 2,541 cases. The active cases also dipped from 16,522 to 15,636, while the positivity rate declined to 0.55 per cent.

The country also reported 1,399 Covid-related deaths. Of these, 1,347 were reported from Assam to reflect the number of Covid-positive patients who died due to other reasons, the Union Ministry of Health said. The state reported zero Covid-related deaths in the last 24 hours, it added. Similarly, the 47 deaths reported in Kerala were based on reconciled figures.

On Monday, Karnataka and Chhattisgarh issued fresh guidelines, making masks mandatory again in public places. Meanwhile, Tamil Nadu CM M K Stalin told the district collectors to ensure people wore masks in public places and vaccination coverage was stepped up. Kerala Health Minister Veena George, however, said there was no need for any concern. “…but we will continue to remain vigilant since other states are reporting an increase in the number of cases. Instructions have been issued to closely monitor the situation,” George added.

Delhi continued to report over 1,000 daily Covid-19 cases and recorded 1,011 fresh infections. The national capital also witnessed one coronavirus-related death, while the positivity rate has now increased to 6.42 per cent, according to the health department.

Delhi on Sunday had seen 1,083 Covid-19 cases with a positivity rate of 4.48 per cent, while on Saturday, the city had registered 1,094 coronavirus infections, the highest since February 10, with a positivity rate of 4.82 per cent.

187.95 cr vaccine doses have been administered so far under Nationwide Vaccination Drive

India’s Active caseload currently stands at 15,636

Active cases stand at 0.04%

Recovery Rate currently at 98.75%

1,970 recoveries in the last 24 hours increases Total Recoveries to 4,25,23,311

2,483 new cases recorded in the last 24 hours

Daily positivity rate (0.55%)

Weekly Positivity Rate (0.58%)

83.54 cr Total Tests conducted so far; 4,49,197 tests conducted in the last 24 hours

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Delhi govt makes mask mandatory

Newsmantra — Mon, 25 Apr 2022 06:00:27 +0000

The Delhi government on Friday made masks mandatory at public places with immediate effect, and imposed a fine of Rs 500 for any violation.

However, the rule on fine will not be applicable on people travelling together in private vehicles.

The Health and Family Welfare Department’s order comes in the wake of rising coronavirus cases in the city.

The Delhi Disaster Management Authority(DDMA) had in its meeting last Wednesday decided to make masks mandatory at public places.

Through an order on April 2, the Delhi government had lifted the penalty of Rs 500 on not wearing face masks at public places as cases were fairly under control then.

Meanwhile here is the covid update in India

187.71 cr vaccine doses have been administered so far under Nationwide Vaccination Drive

India’s Active caseload currently stands at 16,522

Active cases stand at 0.04%

Recovery Rate currently at 98.75%

1,862 recoveries in the last 24 hours increases Total Recoveries to 4,25,21,341

2,541 new cases recorded in the last 24 hours

Daily positivity rate (0.84%)

Weekly Positivity Rate (0.54%)

83.50 cr Total Tests conducted so far; 3,02,115 tests conducted in the last 24 hours

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COVID-19 Vaccination Coverage exceeds 181.24 Cr

Newsmantra — Tue, 22 Mar 2022 06:11:44 +0000

India’s Cumulative COVID-19 Vaccination Coverage exceeds 181.24 Cr

Nearly 18 lakh vaccine doses administered for age group 12-14 years

India’s Active caseload declines to 25,106 today; stands at 0.06% of India’s total Positive Cases

1,549 new cases reported in the last 24 hours

Recovery Rate currently stands at 98.74%

India’s COVID-19 vaccination coverage has exceeded 181.24 Cr (1,81,24,97,303) as per provisional reports till 7 am today. This has been achieved through 2,14,03,116 sessions.

COVID-19 vaccination for the age group 12-14 years was started on 16 March, 2022. So far, nearly 18 lakh (17,99,684) adolescents have been administered with the first dose of COVID-19 vaccine.

The break-up of the cumulative figure as per the provisional report till 7 am today include:

Cumulative Vaccine Dose Coverage
HCWs	1^st Dose	1,04,03,046
	2^nd Dose	99,90,717
	Precaution Dose	43,59,722
FLWs	1^st Dose	1,84,12,172
	2^nd Dose	1,74,89,088
	Precaution Dose	66,66,494
Age Group 12-14 years	1^st Dose	17,99,684
Age Group 15-18 years	1^st Dose	5,62,15,365
Age Group 15-18 years	2^nd Dose	3,55,29,066
Age Group 18-44 years	1^st Dose	55,37,95,114
Age Group 18-44 years	2^nd Dose	45,95,63,393
Age Group 45-59 years	1^st Dose	20,26,14,621
Age Group 45-59 years	2^nd Dose	18,38,06,629
Over 60 years	1^st Dose	12,66,44,476
	2^nd Dose	11,44,84,897
	Precaution Dose	1,07,22,819
Precaution Dose		2,17,49,035
Total		1,81,24,97,303

Following a continuous downward trend, India’s Active Caseload has declined to 25,106 today, constituting 0.06% of the country’s total Positive Cases.

Consequently, India’s recovery rate stands at 98.74%. 2,652 patients have recovered in the last 24 hours and the cumulative tally of recovered patients (since the beginning of the pandemic) is now at 4,24,67,774.

1,549 new cases were reported in the last 24 hours.

The last 24 hours saw a total of 3,84,499 COVID-19 tests being conducted. India has so far conducted over 78.30 Cr (78,30,45,157) cumulative tests.

There has been a sustained fall in the weekly and daily Positivity Rates too. Weekly Positivity Rate in the country currently stands at 0.40% and the Daily Positivity rate is also reported to be 0.40%.

https://pib.gov.in/PressReleasePage.aspx?PRID=1807487

Update on COVID-19 Vaccine Availability in States/UTs

More than 183.52 Crore vaccine doses provided to States/UTs

More than 17.21 Crore balance and unutilized vaccine doses still available with States/UTs
The Union Government is committed to accelerating the pace and expanding the scope of COVID-19 vaccination throughout the country. The nationwide COVID 19 vaccination started on 16^th January 2021. The new phase of universalization of COVID-19 vaccination commenced from 21^st June 2021. The vaccination drive has been ramped up through availability of more vaccines, advance visibility of vaccine availability to States and UTs for enabling better planning by them, and streamlining the vaccine supply chain.

As part of the nationwide vaccination drive, Government of India has been supporting the States and UTs by providing them COVID Vaccines free of cost. In the new phase of the universalization of the COVID19 vaccination drive, the Union Government will procure and supply (free of cost) 75% of the vaccines being produced by the vaccine manufacturers in the country to States and UTs.

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Goa schools resume offline classes

Newsmantra — Mon, 21 Feb 2022 07:00:01 +0000

Schools in Goa resumed physical sessions for all classes on Monday, with students appearing happy and excited to be back on campus after the coronavirus-induced break.

Most of the schools reported good attendance in the morning, state education director Bhushan Savaikar told news persons.

The educational institutions have been asked to strictly follow the standard operating procedures and COVID-19 appropriate behaviour, he said.

The schools in the coastal state had moved to the online mode after the outbreak of COVID-19 in 2020.

On Monday, the schools resumed offline sessions for Classes 1 to 12 as well as the pre-primary ones, Sawaikar said.

There is enthusiasm among students as they are returning to physical classes after such a gap, he said.

In the wake of a decline in COVID-19 cases in Goa, the state education department had last week issued a circular for the resumption of offline classes from Monday.

The education department had also instructed schools to conduct the exams in offline mode only and not to make uniforms mandatory for students.

It had also said that timing concession, if required, may be given to students in initial days.

On Sunday, Goa reported 40 new COVID-19 cases and three fatalities, raising the infection tally in the state to 2,44,713 and the death toll to 3,792, as per official figures.

meanwhile

All major political parties contesting the February 14 Goa Assembly elections, including BJP, Congress, AAP and TMC, have promised resumption of mining operations in the state, but voters feel that the assurance may not see the light of day as the issue has been raised just with an eye on polls and will be forgotten after that.

The mining industry, which used to be one of the major sources of revenue for Goa, had come to a grinding halt in the state in March 2018 after the Supreme Court quashed 88 mining leases.

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Daily positivity rate come down to (1.68%)

Newsmantra — Sun, 20 Feb 2022 06:11:40 +0000

175.37 cr vaccine doses have been administered so far under Nationwide Vaccination Drive

India’s Active caseload currently stands at 2,24,187

Active cases stand at 0.52%

Recovery Rate currently at 98.28%

48,847 recoveries in the last 24 hours increases Total Recoveries to 4,20,86,383

19,968 new cases recorded in the last 24 hours

Daily positivity rate (1.68%)

Weekly Positivity Rate (2.27%)

75.93 cr Total Tests conducted so far; 11,87,766 tests conducted in the last 24 hours

With the administration of more than 30.81 lakh Doses (30,81,336) vaccine doses in the last 24 hours, India’s COVID-19 vaccination coverage has exceeded 175.37 Cr (1,75,37,22,697) as per provisional reports till 7 am today.

This has been achieved through 1,98,72,555 sessions. The break-up of the cumulative figure as per the provisional report till 7 am today include:

Cumulative Vaccine Dose Coverage
HCWs	1^st Dose	1,04,00,661
	2^nd Dose	99,52,131
	Precaution Dose	40,45,802
FLWs	1^st Dose	1,84,07,876
	2^nd Dose	1,74,15,830
	Precaution Dose	58,97,178
Age Group 15-18 years	1^st Dose	5,36,25,069
Age Group 15-18 years	2^nd Dose	2,15,57,154
Age Group 18-44 years	1^st Dose	55,02,94,446
Age Group 18-44 years	2^nd Dose	43,55,43,092
Age Group 45-59 years	1^st Dose	20,20,30,925
Age Group 45-59 years	2^nd Dose	17,82,84,433
Over 60 years	1^st Dose	12,61,99,513
	2^nd Dose	11,10,65,151
	Precaution Dose	90,03,436
Precaution Dose		1,89,46,416
Total		1,75,37,22,697

48,847 patients have recovered in the last 24 hours and the cumulative tally of recovered patients (since the beginning of the pandemic) is now at 4,20,86,383.

Consequently, India’s recovery rate stands at 98.28%.

19,968 new cases were reported in the last 24 hours.

India’s Active Caseload is presently at 2,24,187. Active cases constitute 0.52% of the country’s total Positive Cases.

The testing capacity across the country continues to be expanded. The last 24 hours saw a total of 11,87,766 tests being conducted. India has so far conducted over 75.93 Cr (75,93,15,246) cumulative tests.

While testing capacity has been enhanced across the country, Weekly Positivity Rate in the country currently stands at 2.27% and the Daily Positivity rate is reported to be 1.68%.

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99 more test positive for Covid in Dharwad

Newsmantra — Sat, 27 Nov 2021 07:00:28 +0000

99 people have tested positive for Covid-19 at Dharwad’s SDM College of Medical Sciences on Friday, according to reports. This takes the total number of cases in the college to 281. Out of the 281 cases, only 6 patients are symptomatic, according to District Collector Nitish Patil.

Patil said all cases were “breakthrough infections”, meaning the patients had received both doses of a vaccine. At the same time, 33 students below the age of 18 and a staffer have tested positive at a private boarding school in Dommasandra in Whitefield.

Karnataka logged 402 fresh Covid-19 cases and six deaths on Friday, taking the total number of infections to 29,94,963 and the toll to 38,193. Bengaluru Urban continued to top the list of cases (224), as the city saw 129 discharges and one death. Total number of active cases in the state is now 6,611.

result of 66 fully vaccinated students and staff of the college had turned out to be positive following testing of over 300 students. More people from the college are being tested today.

The samples of the infected people will be sent for genome sequencing. “The students were fully vaccinated… We will be sending a few samples for genome sequencing to check if there’s a new variant,” state health commissioner D Randeep said.

The health commissioner said a freshers’ party at the college on November 17 is responsible for the outbreak.

Chairman of Manipal Hospital and member of Covid task force team in Karnataka Dr Sudarshan Ballal said the Covid cluster is a cause of concern.

“There was a large cluster that has turned to be positive and all of them were at an event. This means the variant of this virus is infectious. Second concern, all the students were fully vaccinated which means there is a immune escape phenomena,” he said.

However, he said, the disease is not severe. “But happening at this juncture is certainly concerning to us… We should go back to stringent Covid behavior,” he added.

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PM chairs key meet on Covid as concerns over new variant rise

Newsmantra — Sat, 27 Nov 2021 06:54:50 +0000

Prime Minister Narendra Modi is chairs a meeting, attended by top officials, on the COVID-19 and vaccination situation in the country. Those attending include Cabinet Secretary Rajiv Gauba; PK Mishra, the Principal Secretary to the Prime Minister; Health Secretary Rajesh Bhushan; Dr VK Paul, the chief of the country’s Covid task force, according to news agency.

The meeting comes amid concern over the B.1.1.529 strain of the coronavirus, renamed Omicron by the World Health Organization, which has been red flagged for a number of mutations that might make it more resistant to vaccines, increase transmissibility and lead to more severe symptoms.

The variant – first detected in South Africa this week, and since reported from Botswana, Hong Kong, Israel, and Belgium – is believed to have 50 mutations, including over 30 on the spike protein and 10 on the receptor binding domain.

The spike protein is the target of most current COVID-19 vaccines and is what the virus uses to unlock access to our body’s cells. Researchers are still trying to confirm whether this makes it more transmissible or lethal than earlier variants, and if existing vaccines can protect against the strain.

Gujarat govt mandates RT-PCR testing for travellers landing at the airports in the state from Europe, UK, Brazil, South Africa, Bangladesh, Botswana, China, Mauritius, New Zealand, Zimbabwe, Hong Kong over the new variant concerns

121.06 cr vaccine doses have been administered so far under Nationwide Vaccination Drive

Recovery Rate currently at 98.34%; Highest since March 2020

10,967 recoveries in the last 24 hours increases Total Recoveries to 3,39,88,797

8,318 new cases in the last 24 hours

India’s Active caseload stands at 1,07,019; lowest in 541 days

Active cases account for less than 1% of total cases, currently at 0.31%; Lowest since March 2020

Daily positivity rate (0.86%) less than 2% for last 54 days

Weekly Positivity Rate (0.88%) less than 1% for last 13 days

63.82 cr Total Tests conducted so far

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Sensex, Nifty fall nearly 3%

Newsmantra — Fri, 26 Nov 2021 11:30:41 +0000

Indian stock markets fell sharply today in tandem with a similar selloff in other Asian markets over fears of a new South Africa Covid variant that could be could be more infectious than Delta. The Sensex fell about 1700 points to settle at 57,107 while Nifty slumped about 3% to 17,026. Just two stocks – Nestle and Dr Reddy’s – among the Sensex 30 pack ended in green.

The news of the new covid variant has hammered confidence in equities, which were already under pressure as traders prepared for the Federal Reserve to start tightening its monetary policy to fend off surging inflation.

Just as this particular tail risk was melting away into the background, scientists in South Africa have announced they have discovered a new Covid variant which could potentially be more transmissible. While the impact on human life is not yet established, the re-imposition of movement restrictions is likely to hurt economic activity. The South African Rand (ZAR) weakened past the 16 level for the first time this year,” said Kristal.AI, a wealth management platform, in a note.

Markets plunged sharply on worries of rising Coronavirus cases in the west and reports of a new Covid variant. Due to weak global market conditions, we saw investors booking profit at higher levels.

The Nifty has formed a long bearish candle and after a lengthy correction it is currently trading near the 100-day SMA. On daily charts, the index has broken the important support level of 17200 and closed below the same. While the short term formation is weak, a quick pullback rally is not ruled out if the Nifty succeeds to trade above the 100-day SMA.

For day traders, 17150 or 100-day SMA would be the immediate hurdle above the same. On the flip side, trading below 17150, the index could decline up to 16900-16750 levels.

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