According to the Knight Frank-NAREDCO Real Estate Sentiment Index released on Thursday, the current sentiment score has declined marginally from 62 in Q2 2022 to 61 in Q3 2022 on account of the economic scenario playing out globally.
Government decisions on lockdown restrictions will largely determine the performance of real estate sector in coming months.
Future real estate sentiment index hit by second Covid wave: Report ANI | Updated: Apr 23, 2021 14:37 IST
The future sentiment score saw a decline from 65 in Q4 2020 to 57 in Q1 2021 due to uncertainties resulting from the spread of a second wave of Covid-19 infections. However, it remained in the optimistic zone.
The current sentiment score recorded a marginal improvement, inching up from 54 in Q4 2020 to 57 in Q1 2021. This improvement can be attributed to the healthy momentum in the commercial and residential real estate segments during Q4 2020 and during January to February 2021.
Real-estate sentiment dampened by second Covid wave: Report
April 22, 2021
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The Future Sentiment Score saw a decline from 65 in Q4 2020 to 57 in Q1 2021
The second wave of the pandemic has influenced the future sentiment of real estate stakeholders in the country. With the substantial increase in Covid cases since March 2021, the outlook for residential launches and sales has softened in Q1 2021.
The Future Sentiment Score saw a decline from 65 in Q4 2020 to 57 in Q1 2021 due to uncertainties resulting from the spread of a second wave of Covid-19 infections, according to the 28th Edition of Knight Frank-FICCI-NAREDCO Real Estate Sentiment Index Q1 2021 (January-March 2021) Survey.
Real estate sentiment scores at a year-high in Q4 2020; 2021 outlook optimistic: Sentiment Index
Geographically, the western part of the country saw the sharpest jump in future sentiment index. This zone’s Future Sentiment jumped to 66 in Q4 2020 from 47 in Q3 2020
Supportive measures from the government, RBI and the resultant pick-up in end -user demand has helped boost sentiment and given a fillip to the real estate sector. In fact, for the first time in 2020, the Current Sentiment Score entered the optimistic zone at 54 points in Q4 2020, a significant jump of 14 points over the previous quarter.
A score of above 50 indicates
Real estate sector outlook positive for next 6 months as sentiment turns optimistic: Report orissapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orissapost.com Daily Mail and Mail on Sunday newspapers.