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Future real estate outlook remains optimistic, office market sentiment improves: Survey indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
File Picture The onset of the second major wave of the COVID-19 pandemic has led to a fall in future sentiments index in the real estate industry for the next six months but it still remains in an optimistic zone, according to a report. As per the 28th Edition of Knight Frank-FICCI-NAREDCO Real Estate Sentiment Index Q1 2021 (January - March 2021) Survey, the Future Sentiment score saw a decline from 65 in Q4 2020 to 57 in Q1 2021 due to uncertainties amid 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 - February 2021, Knight Frank India said. ....
Your Email: Send me a copy: 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. ....