[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.|
Here I have important INDIA real estate news to share with you which is as mention under.
MUMBAI: With continued economic stress and ambiguity regarding recovery, the sentiments
among real estate stakeholders in India continues to plummet. While it remains in the pessimism
zone, stakeholders have shown moderate improvement in business confidence for the next six
months, showed a survey jointly conducted by Knight Frank, FICCI and NAREDCO.
The current sentiment index for the June quarter was recorded at 22. The future sentiment
score of the stakeholders, though still in the pessimistic scoring zone, has seen improvement
at 41 in the second quarter of 2020, indicating a possible but cautionary revival for the real
estate market, against the score of 36 in the previous quarter.
The step up in future sentiment attributed to an expected improvement in macroeconomic
indicators and the adaptation to new business models shaping recovery in the next six months.
“With some of the macroeconomic indicators showing marginal improvement and with the
impending festive season in the second half of the year, the stakeholders have shown improved sentiments compared to the previous quarter, albeit they have remained in the pessimistic
zone. At this juncture, we expect the lockdown to ease by the advent of the festive season,
helping to revive economic activity and propel conversion of the pent- up demand,” said
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