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Leasing of industrial and warehousing space was highest in Delhi-NCR and adjoining areas during 2022 at 7.3 million square feet driven mainly by demand from third-party logistics and e-commerce firms, according to <keyword id="6376943" type="General" weightage="100" keywordseo="cbre" source="Orion">CBRE</keyword>. The leasing grew by 6 per cent in Delhi-NCR to 7.3 million square feet in 2022 from 6.9 million square feet in the previous year. In its latest report, CBRE said that the leasing of industrial and logistics space across eight major cities rose 8 per cent to 31.6 million square feet in 2022 from 29.4 million square feet in the previous year. Commenting on the report, <keyword id="330930" type="General" weightage="50" keywordseo="anshuman-magazine" source="Orion">Anshuman Magazine</keyword>, Chairman &amp; CEO - India, South-East Asia, Middle East &amp; Africa, CBRE, said, "The intent to strengthen supply chain among global and domestic companies drove the leasing activity in 2022." The leasing activity in 2023 is expected to remain range-bound, driven by sustained demand from 3PL (third party logistics), engineering &amp; manufacturing and retail firms, he added. "On the supply front, we foresee project completions to exceed the 2022 levels and be in line with space take-up during 2023," Magazine said. As per the data, in Mumbai, the leasing grew 36 per cent to 6.1 million square feet in 2022 from 4.5 million square feet in the previous year. The leasing of industrial and logistic space in Bengaluru fell 18 per cent to 5.2 million square feet from 6.4 million square feet. Chennai saw a marginal decline in leasing to 4 million square feet. In Hyderabad, the leasing rose 16 per cent to 3.7 million square feet from 3.2 million square feet. The leasing activities in Pune fell 64 per cent to 0.6 million square feet from 1.8 million square feet. In Kolkata, the leasing jumped to 3.8 million square feet from 1.9 million square feet. Leasing of industrial and logistics space was up 33 per cent in Ahmedabad during 2022 to 0.8 million square feet from 0.6 million square feet in the previous year. The consultant said that the overall leasing across eight cities grew despite global headwinds, and a slowdown in e-commerce demand and dissipation of the post-pandemic need to hold additional inventories. This is the second-highest leasing activity recorded in industrial and logistics after the 2019 peak of 32 million square feet. The total supply in 2022 touched 20.9 million square feet. The 3PL players accounted for about half of the annual space take-up, driven by heightened demand from interlinked stakeholders across the supply chain (wholesalers, retailers, &amp; e-commerce players) for the need to shore up distribution capabilities. Over the last five years, 3PL players have cumulatively leased more than 60 million square feet across India. A majority of this space take-up was led by domestic occupiers. Engineering &amp; manufacturing firms picked up pace in 2022 with a share of about 16 per cent in total leasing compared to 10 per cent in 2021. "For local engineering and industrial players, government policy enablers like the <keyword id="8870884" type="General" weightage="50" keywordseo="production-linked-incentive" source="Orion">Production Linked Incentive</keyword> (PLI) programme worked as a growth stimulant," the consultant said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/dedicate-mumbai-coastal-road-to-lata-didi-urges-mangeshkar-family/articleshow/97650326.cms">Dedicate Mumbai coastal road to Lata Didi, urges Mangeshkar family</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/byjus-to-miss-march-2023-deadline-for-group-level-profitability-results-delayed-again/articleshow/97650755.cms">BYJU's to miss March 2023 deadline for group level profitability, results delayed again</a>

Leasing of industrial, logistics space highest in NCR in 2022 across top 8 cities: CBRE

<ul><li>The Indian government will honour melody queen <keyword id="31278" type="PERSON" weightage="20" keywordseo="Lata-Mangeshkar">Lata Mangeshkar</keyword> with ‘Daughter Of The Nation’ award on her birthday on 28 September. </li><li>Her song ‘aye mere watan ke logon’ dedicated to the martyrs of the Sino-Indian war moved the then Prime Minister Jawahar Lal Nehru to tears. </li><li>She was awarded with the status of most recorded artist in the history of Indian music in Guinness Record in 1974. </li><li>Lata Mangeshkar was also honoured with Bharat Ratna, the highest civilian award in 2001.</li></ul>The Indian government is celebrating melody queen Lata Mangeshkar’s 90th birthday by bestowing a special honour — ‘Daughter Of The Nation’. Her birthday celebration will include the <a href="https://timesofindia.indiatimes.com/entertainment/hindi/music/news/lata-mangeshkars-birthday-to-be-celebrated-with-a-special-event/articleshow/71275034.cms">launch</a> of the book ‘Lata’ and a day-long session of 91 Hindi-Marathi songs. She also sang the patriotic song ‘Ae mere watan ke logon’ in 1963 during the Indo-China war, which moved India’s first Prime Minister Jawaharlal Nehru to tears. Miracle of God The Indore-born singer hails from a family of musicians and artists, has no plans of slowing down. She has been singing for the last seven decades and famously claimed to sing until her last breath. Popularly known as didi or sister, Mangeshkar kicked off her music career with a Marathi song ‘NaachuYaa Gade, Khelu Saari Mani Haus Bhaari’ at the age of 13, five years before independence. Soon, her mellifluous voice mixed with talent brought her immense popularity also for being the singer who is “never off-key”. Famous actor Dilip Kumar once said that Latha’s voice is as spectacular as a God’s miracle. Her work spans across historic films like Mughal-E-Azam to popular hits like Dilwale Dulhaniya le Jaayenge, singing playback for actors from Madhubala to Kajal. She has been awarded with Bharat Ratna, the highest civilian award in 2001. Her other achievements include <keyword id="100507" type="PERSON" weightage="20" keywordseo="Padma-Bhushan">Padma Bhushan</keyword>, <keyword id="15575" type="PERSON" weightage="20" keywordseo="Padma-Vibhushan">Padma Vibhushan</keyword>, and <keyword id="54010" type="ENTERTAINMENT" weightage="20" keywordseo="Dadasaheb-Phalke-award">Dadasaheb Phalke Award</keyword>. Social media controversy The singer who resides at Peddar Road in Mumbai, has also been a part of her share of controversies. She was heavily trolled for her comments on the video of Ranu Mondal — a poor lady who sang on a railway platform to earn her living, saying she should be “original.” Lata who was known as a good luck for many decades in the industry, also shares a turbulent relationship with her equally famous sister, <keyword id="6441118" type="PERSON" weightage="20" keywordseo="Asha-Bhosle">Asha Bhosle</keyword>, who is also a prolific singer. For one, Bhosle broker Lata’s Guinness record as most recorded artist in the history of Indian music, which she held since 1974. In 2011, Bhosle took over the mantle. The rift first started when Asha married Ganpatrao Bhosle, a man 15 years older to her. Lata once claimed that Bhosle stopped the two sisters from meeting. However, the marriage ended in a divorce but Lata and Asha’s relationship remained strained. During Asha’s struggling times in the industry, Lata also disapproved of Asha’s relationship with music director O P Nayyar. So much so that Lata stopped singing for Nayyar altogether. Movie producer Singing is her first love, but Lata has many other talents too. She had composed music for Marathi movies but was too conscious of giving her name to it, and chose to keep it under wraps, under a pseudonym. But the secret came out when the movies she composed for won an award for Best Music, requiring her to receive the recognition on stage. She told the story in a book called ‘Lata in her own voice’, adding that she was too busy recording that she could not focus on composing. She had also produced three Hindi films and a Marathi film. Lata who has never married, likes to read Hindi writer Maithili Sharan Gupt in her free time. See also: <a href="https://www.businessinsider.in/lata-mangeshkar-to-be-honoured-with-daughter-of-the-nation-title-as-she-turns-90-this-month/articleshow/71006645.cms">Lata Mangeshkar to be honoured with 'Daughter of the Nation' title as she turns 90 this month</a> <a href="https://www.businessinsider.in/here-are-the-5-richest-families-in-india-who-together-hold-a-fortune-of-922600-crore/articleshow/71323921.cms">Here are the 5 richest families in India — who together hold a fortune of ₹9,22,600 crore</a>

‘Daughter of the nation’ Lata Mangeshkar turns 90 and here’s taking a look at her career of 77 years

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Leasing of industrial, logistics space highest in NCR in 2022 across top 8 cities: CBRE

PTI

‘Daughter of the nation’ Lata Mangeshkar turns 90 and here’s taking a look at her career of 77 years

Prerna Sindwani

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