SME Times News Bureau | 16 Aug, 2019
In the latest survey by Knight Frank - FICCI - NAREDCO
- 'Real Estate Sentiment Index Q2 2019', Indian real estate
stakeholders have downgraded the current period outlook for the ongoing six
months to 'Pessimistic'.
The survey indicating no improvement in the level of on-ground
activities for the sector.
In sharp contrast to the preceding quarters, the overall current
sentiment for the real estate sector has been rated at 47 points for the period
April - June 2019. The overall slowdown in the economy, coupled with
factors like the NBFC crisis, developer defaults and bankruptcies, have
slackened the sentiments of the sector, especially for the residential
The situation is further compounded by factors like the ongoing
liquidity crisis and a diminutive demand scenario.
The outlook for the next six months was scored at 52, just above the
neutral line. Stakeholders, while showing moderate optimism, are still cautious
in their expectations on account of an overall economic slowdown that is
impacting the real estate sector.
however, reversed for the office sector where the stakeholders' outlook remains
positive and both leasing and rents which are expected to be on an upward swing
in the coming six months.