~Gradual acceptance of structural reforms infuses optimism in Q4 2017 scores after hitting rock bottom in the previous quarter~
FICCI-NAREDCO-Knight Frank India unveils the latest findings of the Real Estate Sentiment Index for Q4 2017 (October–December 2017)
New Delhi, February 17, 2018: Dr Samantak Das, Chief Economist and National Director-Research, Knight Frank India, “At a broad level, sentiments of the stakeholders from the supply side have been upbeat, largely courtesy the gradual acceptance of structural reforms like RERA and GST taking shape. While the current sentiment score has moved in the positive zone after being in the red in the previous two quarters, the overall future score has also picked up and reached pre-demonetisation levels. Future sentiments of developers and financial institutions that had taken a hit in the previous two quarters have also turned optimistic. However, there has been no major change in the economic outlook for the coming six months owing to the widening fiscal deficit, higher inflation expectations and a resultant halt of further softening of interest rates. On the residential market front launches are expected to be in the mid and affordable segment largely because of government policies. Optimism in sales has revived with the industry acceptance of RERA and GST. In the coming six month, office market will either improve or will hold on to its current reins but will definitely not get depressed. Going forward we believe that the real estate sector would witness better transparency and participation from organised players, which should further boost market sentiments.”
Overall Findings
NATIONAL CAPITAL REGION BOUNCES BACK IN THE POSITIVE
FINANCIAL INSTITUTIONS AND DEVELOPERS OPTMISTIC FOR FUTURE
REAL ESTATE INDUSTRY STAYS MUTED ON THE ECONOMIC FRONT
OPTIMISM RESURFACES IN THE RESIDENTIAL SECTOR
OFFICE MARKET HOLDS STEADY
Corporate Comm India(CCI Newswire)
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