[INDIA REAL ESTATE NEWS] Good morning, everyone.|
I’m Kyungwon staff of Kamagroup. Here I have important INDIA REAL ESTATE news to share with you which is as mentioned under.
The current sentiments of the real estate stakeholders in India have revived to the optimistic zone of 53 in the October-December quarter of 2019 (Q4 2019).
According to a report by Knight Frank, after staying in the pessimistic zone (below 50 mark) for two consecutive quarters, the current sentiments have revived
Weak demand, inventory overhang, developer defaults coupled with the worsening of the NBFC crisis has dried up funding for the sector, which in turn has
increased the borrowing cost and impacted finances for the already strained sector. On the residential market outlook, report points out that Around 74%
of the stakeholders have shown a positive outlook for the coming six months maintaining that residential sales.
Read more at https://economictimes.indiatimes.com/wealth/real-estate/real-estate-market-sentiment-revives-after-2-quarters-outlook-back-to-optimistic-zone-report/articleshow/73247025.cms
Have a nice day.