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Home sales at pre-Covid level; overall sentiment optimistic: Knight Frank

Your Email: Send me a copy: https://mybs.in/2ZbNx2j Going ahead, 77 per cent of the survey respondents in the December 2020 quarter believe residential sales would rise over the next six months Sales of residential units across eight major Indian metros – Kolkata, Chennai, Pune, National Capital Region (NCR), Mumbai, Bengaluru, Hyderabad and Ahmadabad – reached pre-Covid levels at 61,593 units in the December 2020 quarter (Q4’CY20) and the sentiment is likely to improve further, according to Knight Frank-FICCI-NAREDCO Real Estate Sentiment Index for the October – December 2020 period. On average, these cities recorded total sales of 61,467 units in 2019, data show. The residential segment outlook, according to the survey findings, was supported by pent-up demand, multi-decadal low home loan interest rates, attractive residential prices and state government incentives such as reduction of stamp duty in Maharashtra.

Real estate sentiment turns positive in Dec quarter - The Hindu BusinessLine

‘Real estate sentiment turns positive in Dec quarter’ January 27, 2021 Office leasing activity will increase over the next six months, says survey   -  Getty Images/iStockphoto Office leasing activity will increase over the next six months, says survey   -  Getty Images/iStockphoto× Survey bullish on residential and office segments Real estate sentiment turned positive for the first time in 2020 during the October-December quarter, according to Knight Frank-FICCI-NAREDCO Real Estate Sentiment Index Survey. The survey of over 170 respondents, including developers, private equity players and NBFCs, chose optimism about the real estate market with a sentiment score of 54 points. A score of 50 points denotes neutrality, while a sentiment of below 50 points shows pessimism.

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