Global real estate sentiments improved in Jan-March: Report

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    Mumbai, May 4 | The sentiment in the real estate markets globally improved in the first quarter of 2021, according to a report by RICS.

    The results of the Q1 2021 RICS Global Commercial Property Monitor (GCPM) point to a gradual improvement in sentiment in the real estate market as hopes for economic recovery gather momentum.

    It noted that the International Monetary Fund (IMF) at its April meeting upgraded the forecast for global growth for 2021 to 6 per cent (from 5.5 per cent previously) and for 2022 to 4.4 per cent (from 4.2 per cent).

    “Meanwhile, the headline RICS metric (GCPSI) capturing confidence in global real estate climbed from (-)27 to (-)18. This is the least negative reading since Q4 2019 and compares with a low of (-)37 in Q2 2020,” the report said.

    The Asia Pacific sentiment indicator leads the pack at ‘ (-)15’ (as against ‘(-)25’) in the previous three-month period. The feedback for Europe shows sentiment at ‘(-)19’ (previously ‘(-)26’), the Americas at ‘(-)20’ (against the period reading of ‘(-)29)’ and Middle East and Africa at ‘(-)22’ (from ‘(-)25’).

    The latest results continue to show investor sentiment running ahead of the occupier market, it said. The global indicator for the former came in at ‘(-)10’ compared with ‘(-)19’ in Q4 2020.

    “Meanwhile the occupier measure showed a similar improvement in terms of magnitude but still remains at ‘(-)26’ despite the upgrading of economic expectations,” it said.

    Source: IANS

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    Military chopper crashes in TN Gen Bipin Rawat on board (2nd Ld)

    Military chopper crashes in TN Gen Bipin Rawat on board (2nd Ld)

    New Delhi, Dec 8 | Military chopper crashes in TN Gen Bipin Rawat on board (2nd Ld). A military chopper crashed in Tamil Nadu’s Coonoor on Wednesday in which Indian’s Chief of Defence Staff General Bipin Rawat was travelling along with others.

    The number of casualties are still unknown and local police has ascertained only three rescued and searches are on for others.

    Along with General Rawat, his wife Madhulika Rawat, Brigadier L.S. Lidder, Lieutenant Colonel Harjinder Singh, Naik Gursewak Singh, Naik Jitender Kumar, Naik Vivek Kumar, Naik B. Sai Teja, Havaldar Satpal and pilots were travelling in the chopper.

    Confirming about General Rawat presence, Indian Air Force tweeted, “An IAF Mi-17V5 helicopter, with CDS Gen Bipin Rawat on board, met with an accident today near Coonoor, Tamil Nadu.”

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    The force said that an inquiry has been ordered to ascertain the cause of the accident.

    The rescued suffered serious injuries and have been taken to Wellington cantonment.

    Source: IANS

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    Military chopper crashes in TN Gen Bipin Rawat on board (Ld)

    Military chopper crashes in TN Gen Bipin Rawat on board (Ld)

    New Delhi, Dec 8 | Military chopper crashes in TN Gen Bipin Rawat on board (Ld). A military chopper crashed in Tamil Nadu’s Coonoor on Wednesday in which Indian’s Chief of Defence Staff General Bipin Rawat was travelling along with 14 others.

    The number of casualties are still unknown and local police have ascertained only three rescued and searches are on for others.

    Emergency rescue teams have been rushed to the spot.

     Military chopper crashes in TN Gen Bipin Rawat on board (2nd Ld)

    Confirming about General Rawat’s presence, Indian Air Force said, “An IAF Mi-17V5 helicopter, with CDS Gen Bipin Rawat on board, met with an accident today near Coonoor, Tamil Nadu.”

    The force said that an inquiry has been ordered to ascertain the cause of the accident.

    The rescued suffered serious injuries and have been taken to Wellington cantonment.

    Source: IANS

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