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https://mybs.in/2ZbNx2j Going ahead, 77 per cent of the survey respondents in the December 2020 quarter believe residential sales would rise over the next six months Sales of residential units across eight major Indian metros – Kolkata, Chennai, Pune, National Capital Region (NCR), Mumbai, Bengaluru, Hyderabad and Ahmadabad – reached pre-Covid levels at 61,593 units in the December 2020 quarter (Q4’CY20) and the sentiment is likely to improve further, according to Knight Frank-FICCI-NAREDCO Real Estate Sentiment Index for the October – December 2020 period. On average, these cities recorded total sales of 61,467 units in 2019, data show. The residential segment outlook, according to the survey findings, was supported by pent-up demand, multi-decadal low home loan interest rates, attractive residential prices and state government incentives such as reduction of stamp duty in Maharashtra.
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.
Sentiment in real estate turns optimistic in Oct-Dec; outlook for next 6 months positive: Report
A survey by Knight Frank India-FICCI-Naredco showed the Current Sentiments Score , for the first time in 2020, entered the optimistic zone at 54 points in Q4 (October-December) 2020, a significant jump of 14 points over the previous quarter.
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The sentiment in the real estate industry turned optimistic during
October-December 2020 and the outlook for the next six months is positive on the back of revival in demand for both residential and office properties, according to a survey by
Knight Frank India-FICCI-Naredco.
The 27th edition of Real Estate Sentiment Index Q4 2020 survey of developers, banks, financial institutions and private equity players operating in the sector was released on Monday in a video-conference.