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Registration of properties in the Mumbai municipal region rose 30 per cent in the last one month to 12,602 units, mainly on high festive demand
Real estate developers and financial institutions have shown increased optimism in India's realty sector over the next six months due to festive demand and the country's economic growth, according to the Knight Frank-NAREDCO sentiment index. Despite a slight dip in the current sentiment score, the future sentiment index ticked up slightly, reflecting stakeholder expectations of continued growth in the Indian economy and higher demand during the festive season.
It has scaled down, primarily because of the dark global economy and the current geopolitical risk due to the Russia-Ukraine war, , knight frank india, real estate
As per the report, both the current and future sentiments of the real estate sector have improved across all parameters in Q3 2021, on account of the economic recovery.
Knight Frank-FICCI-NAREDCO issues real estate sentiment index