Team Blitz India
NEW DELHI: The optimism in the real estate industry stakeholders in India touched a decadal high in the first quarter of 2024, a report released on May 20, said.
The Current Sentiment Index Score, which reflects the stakeholders’ current outlook compared to the preceding six months, touched 72 in the quarter, the highest in the last 10 years, according to the Knight Frank Real Estate Sentiment Index Q1 2024 (January–March) report.
A score of 50 indicates neutrality, above 50 signals positive sentiment, and below 50 denotes negative sentiment. It is determined by surveying developers as well as non-developers (including NBFCs) on parameters related to sales volume, launches, funding availability etc.
According to the report, the main driver of optimism is the residential market.As many as 82 per cent of the respondents expect residential prices to rise in the near future.
