Realty sentiment at all-time high
In Q3 2021, the Current Sentiment index score rose to 63, the best ever, after the dismal score of 35 in Q2 2021, while Future Sentiment Index score to 72 in Q3 2021 rose from 56 in Q2 2021
image for illustrative purpose
New Delhi: The sentiment in the real estate industry has turned optimistic and touched an all-time high during July-September and the outlook for the next six months also remains positive with recovery in the Indian economy and rapid progress in vaccination, according to a joint report by Knight Frank, FICCI and Naredco.
The sentiments in the real estate market had turned pessimistic during the April-June quarter because of the outbreak of the second wave of the Covid-19 pandemic. On Tuesday, property consultant Knight Frank and industry bodies FICCI and Naredco released their ''Real Estate Sentiment Index Q3 2021'' based on the survey of developers, banks, financial institutions and private equity players operating in the sector.
As per the report, both the current and future sentiments of the real estate sector have improved across all parameters in Q3 2021, on account of the economic recovery in the making and waning of the second wave of the pandemic. In Q3 2021, the current sentiment index score rose to 63 – the best ever, after the dismal score of 35 recorded in Q2 2021, Knight Frank India said. The Future Sentiment Index score rose from 56 in Q2 2021 to 72 in Q3 2021, which is also the highest ever in the history of the Index.
