'Realty market worse than 6 months ago, but hope builds up’
Feb 15, 2014
Source : The Economic Times

 

MUMBAI: Property markets, including the National Capital Region and Mumbai Metropolitan Region, have got worse than they were in the last six months and the current mood is pessimistic across all zones, showed the maiden real estate sentiment index jointly developed by industry body Ficci and Knight Frank India, a residential and commercial property consultancy.

The index is based on findings of the quarterly survey capturing the supplier side perspective on the real estate market conditions across top seven markets in the country. Apart from the NCR and MMR, the survey also considered Pune, Chennai, Bangalore, Hyderabad and Kolkata to represent the Indian real estate scenario.

The silver lining is that most respondents, that included realty developers, contractors, PE funds, banks and financiers, are positive about the economic scenario and expect an improvement in six months.

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