Recent uptick in real estate activities has led to a revival in sentiments

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The respondents of the Knight Frank - FICCI - NAREDCO Real Estate Sentiment Index Survey have demonstrated significant improvement in Future Sentiments scores (for next six months) for the sector. The score for Q3 2020 is in the optimistic zone at 52 points, up from 41 in the previous quarter.

The 'Current Sentiments Score' (for past six months) also recorded a significant improvement from the previous quarter low of 22 points to 40 points in Q3 2020. A score of above 50 signifies 'Optimism' in sentiments, a score of 50 means the sentiment is 'Same' or 'Neutral', while a score below 50 shows 'Pessimism'.

The stakeholders in all four zones have shown significant surge in future sentiments for the real estate market. The Future Sentiment Index for South and North zones have seen maximum improvement in Q3 2020.

Sentiment score of both developers and non-developers (includes other industry stakeholders like banks, NBFCs and private equity funds) in the real estate sector has revived significantly in third quarter.

57 per cent of the survey respondents opined that the economy is going to grow and improve in the next six months. The funding outlook also improved in Q3 2020. 38 per cent of Q3 2020 survey respondents, up from 25 per cent in Q2 2020, opined that the scenario would be better in the coming six months while 31 per cent of the survey respondents felt that the current levels of credit availability would continue for the next six months.

Story: Niti Kiran

Design: Pragati Srivastava