Indian Real Estate Sector Remains Optimistic Despite Slight Sentiment Dip
The Knight Frank-NAREDCO Real Estate Sentiment Index Q2 2024 report shows a resilient and optimistic Indian real estate sector, despite a slight adjustment in sentiment due to recent political and budget uncertainties.
Real EstateNaredcoKnight FrankIndian Real EstateSentiment IndexReal Estate MaharashtraAug 14, 2024
The Future Sentiment score for this period also recorded a recalibration in the second quarter of 2024 and was recorded at 65. While both current and future sentiments remain firmly in the positive zone, suggesting a continued belief in the sector's long-term prospects, the scores reflect a more tempered view on recent real estate growth, influenced by election and budget speculations.
The residential market outlook in Q2 2024 sustains optimism, with 63% of respondents expecting an increase in residential prices and 51% anticipating an increase in sales. The office market outlook exhibits buoyancy on all key parameters, with stakeholders remaining confident of the performance of this asset class in the next six months.
The quarterly Knight Frank-NAREDCO report captures the current and future sentiments towards the real estate sector, the economic climate, and funding availability as perceived by the supply-side stakeholders and financial institutions. A score of 50 represents a neutral view or status quo; a score above 50 demonstrates a positive sentiment; and a score below 50 indicates a negative sentiment.
Frequently Asked Questions
What is the current sentiment score for the Indian real estate sector?
The current sentiment score for the Indian real estate sector is 65.
What is the future sentiment score for the Indian real estate sector?
The future sentiment score for the Indian real estate sector is also 65.
What is the outlook for the residential market in Q2 2024?
The outlook for the residential market in Q2 2024 is optimistic, with 63% of respondents expecting an increase in residential prices and 51% anticipating an increase in sales.
What is the outlook for the office market in Q2 2024?
The outlook for the office market in Q2 2024 is buoyant, with stakeholders remaining confident of the performance of this asset class in the next six months.
What is the expected impact of the impending budget on the real estate sector?
The impending budget is expected to have a positive impact on the real estate sector, with stakeholders remaining watchful as we observed the same during the previous election period of 2019.
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