A report
co-authored by Knight Frank India and Federation of Indian Chambers of Commerce
& Industry (FICCI) says the future sentiment score has improved across all
zones displaying a strong positive outlook.
If
there's one sector eagerly awaiting the election result as much as some of the
Prime Ministerial aspirants in the fray, it is real estate.
Industry experts
are hopeful that a stable government will infuse a new lease of life into the
comatose sector. A report co-authored by Knight Frank India and Federation of
Indian Chambers of Commerce & Industry (FICCI) says the future sentiment
score has improved across all zones displaying a strong positive outlook.
"Nearly 67 percent of the respondents foresee an improvement in residential
project launches and sales over the next six months.
However, price
appreciation is likely to remain sluggish," says the report that adds that
financial institutions too are optimistic about the future. Says Dr A Didar
Singh, secretary general, FICCI: "As the country waits for the new
government to take charge at the centre, future sentiments have improved across
all zones in realty sector.
Majority of the developers and financial
institutions are quite bullish about the future of the economy as well as the
funding scenario. The stakeholders are cheerful and expect the business
environment to be upbeat in the coming six months." Images source: Knight
Frank-FICCI report
Here are the various parameters that suggest a brighter
future for the sector:
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