Key Points
Mumbai: Stakeholders in the real estate industry such as developers, financiers, and institutional investors, are confident about the business outlook for the next six months, backed by a resilient Indian economy and sustained domestic demand despite global recessionary conditions...
The future sentiment score, which indicates stakeholders' outlook, has improved from 65 in the September quarter of 2023 to 70 in the December quarter, according to the Knight Frank-Naredco's Real Estate Sentiment Index for 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..
This growth is underpinned by the country's stable economic outlook, corroborated by various agencies assessing indicators such as historical performance, ongoing investments, and prospects, all of whom have expressed optimism regarding India's economic growth trajectory," said Shishir Baijal, CMD, Knight Frank India...
According to Baijal, the optimism among real estate stakeholders 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, creating more opportunities...
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