The Knight Frank-FICCI-Naredco real estate sentiment index hit its highest mark in 2020 during the October-December period, rising for the second consecutive quarter in a row after Q1 and Q2 were a washout due to the Covid-19-induced disruptions. It entered the optimistic zone at 54 points in Q4 2020, a significant jump of 14 points over the previous quarter.
The future sentiment score rose to 65 points in Q4 2020 from 52 points in Q3 2020. Geographically, the western part of the country saw the sharpest jump in future sentiment index. For stakeholders, both developers and non-developers (banks, NBFCs, PE funds, etc) recorded an improvement in Future Sentiment score in Q4 2020.
“The current sentiment score jumped considerably to 54 in Q4 2020 from 40 in Q3 2020, entering the optimistic zone for the first time in 2020,” the report said. For comparison sake, a score of more than 50 signifies ‘optimism’ in sentiments, while 50 means the sentiment is ‘same’ or ‘neutral’,