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Future real estate sentiment index hit by second Covid wave: Report

Government decisions on lockdown restrictions will largely determine the performance of real estate sector in coming months. Future real estate sentiment index hit by second Covid wave: Report ANI | Updated: Apr 23, 2021 14:37 IST The future sentiment score saw a decline from 65 in Q4 2020 to 57 in Q1 2021 due to uncertainties resulting from the spread of a second wave of Covid-19 infections. However, it remained in the optimistic zone. The current sentiment score recorded a marginal improvement, inching up from 54 in Q4 2020 to 57 in Q1 2021. This improvement can be attributed to the healthy momentum in the commercial and residential real estate segments during Q4 2020 and during January to February 2021.

Future Real-Estate Index Sentiment Affected By Second Wave Of COVID-19 In India: Knight Frank

Second wave influenced the future sentiments of the real estate stakeholders The second wave of COVID-19 in the country has dampened the future sentiments in the real estate sector. Leading real estate consultant Knight Frank India released the 28th edition of the Real Estate Sentiment Index Q1 2021 (January -March 2021) Survey on Thursday, April 22, in association with the Federation of Indian Chambers of Commerce and Industry or FICCI as well as the National Real Estate Development Council or NARDECO. According to the findings of the report, the second wave of COVID-19 influenced the future sentiments of the real estate stakeholders in the country.

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