Key Points
Stakeholders in the real estate industry, such as developers, financiers, and institutional investors, remain confident about the business outlook for the next six months backed by the Indian economy's resilience and sustained growth amidst global recessionary conditions and ongoing demand in the property market...
Both present and anticipated sentiments regarding the real estate sector, economic conditions, and funding availability, as perceived by industry suppliers, point towards an optimistic and favourable business environment...
The future sentiment score, which indicates stakeholders' outlook, has increased from 65 in the September quarter 2023 to 70 in the December quarter, driven by general optimism about the Indian economy and sustained demand in the real estate sector, showed Knight Frank-NAREDCO Real Estate Sentiment Index April -June 2023...
The real estate sector has witnessed a notable phase of growth in recent quarters, with all major segments, including residential, office space, industrial, warehousing, and retail, demonstrating consistent progress..
According to Baijal, the optimism among stakeholders towards real estate, both for the present and the future, is firmly rooted in a prolonged period of growth, which now appears to be sustainable for the mid to long term, bolstered by robust demand trends and fuelled by significant infrastructure development, thereby creating more opportunities for development stakeholders...
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