By Staff Reporter
In a press release by Knight Frank, the Research paper inserted: “Amid global challenges, Indian economy’s resilience made stakeholders confident about its real estate sector performance for the next six months. While consumer inflation has spiked from 4.25% in May to 4.81% in June 2023, it remains within the Reserve Bank of India’s tolerance band of 2-6 percent. Besides, the central bank’s consumer confidence index continues to reflect optimism.”
- India’s firm positioning as the fastest growing economy led the Current Sentiment Index Score to jump from previous quarter’s 57 to 63.
- The Future Sentiment Score has increased from 61 in Q1 2023 to 64 in Q2 2023 on account of sustained demand momentum in the real estate sector.
- Despite a looming threat of recession in global markets, half of the survey respondents opined office leasing to increase in next six months on account of strong demand from India facing businesses, flex and rise of global capability centres in the country.
- Residential market sentiment reflects enhanced optimism as 62% of respondents remain confident of strong launch momentum to continue for the next six months.
- In Q2 2023, 49% of survey respondents expect funding availability for the real estate sector to increase in the next six months as India has a powerful appeal for attracting investments from foreign funds.
Download report from here: Sentiment Index