Real estate sentiment scores at a year-high in Q4 2020; 2021 outlook optimistic: Sentiment Index



a tall building in a city: Real estate sentiment scores at a year-high in Q4 2020; 2021 outlook optimistic: Sentiment Index


© Vandana Ramnani
Real estate sentiment scores at a year-high in Q4 2020; 2021 outlook optimistic: Sentiment Index

Supportive measures from the government, RBI and the resultant pick-up in end -user demand has helped boost sentiment and given a fillip to the real estate sector. In fact, for the first time in 2020, the ‘Current Sentiment Score’ entered the optimistic zone at 54 points in Q4 2020, a significant jump of 14 points over the previous quarter.

A score of above 50 indicates ‘Optimism’ in sentiments, a score of 50 means the sentiment is ‘Same’ or ‘Neutral’, while a score below 50 indicates ‘Pessimism’.

According to the 27th Edition of Knight Frank-FICCI-NAREDCO Real Estate Sentiment Index Q4 2020 (October – December 2020) Survey, for the first time in 2020, the ‘Current Sentiment Score’ entered the optimistic zone at 54 points in Q4 2020, a significant jump of 14 points over the previous quarter. It was at 40 in Q3 2020.

The October-December 2020 quarter continued to see an improvement in the business momentum. Office space leasing grew as global players began acting on their pending and anticipated lease plans encouraged by the news of multiple potential COVID vaccines. Traction in

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