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

Read More

Good news! Real Estate Sentiment scores at a year-high in Q4 2020



a woman holding a sign: The residential segment outlook was supported by pent-up demand, festive demand, multi-decadal low home loan interest rates, attractive residential prices and state government incentives such as reduction of stamp duty in Maharashtra.


© Provided by The Financial Express
The residential segment outlook was supported by pent-up demand, festive demand, multi-decadal low home loan interest rates, attractive residential prices and state government incentives such as reduction of stamp duty in Maharashtra.

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, reveals the 27th Edition of Knight Frank-FICCI-NAREDCO Real Estate Sentiment Index Q4 2020 (October-December 2020) Survey. The score had turned negative in Q1 2020 after the COVID-19 outbreak and had remained in the pessimistic zone during Q2 2020, as the impact of the stringent lockdowns became apparent on businesses. It revived in Q3 2020 on the back of improving economic health and pent-up demand.

The residential segment outlook was supported by pent-up demand, festive demand, multi-decadal low home loan interest rates, attractive residential prices and state government incentives such as reduction of stamp duty in Maharashtra. Residential sales reached pre-COVID levels (2019 quarterly average) by Q4 2020.

The Future Sentiment score also climbed up to 65 in Q4 2020 from 52 in Q3 2020, mirroring the strong recovery expectations prevalent in the market. Stirring demand and

Read More