FICCI- Knight Frank India unveil
the latest findings of the Real Estate Sentiment Index for January - March 2016
Dr
Samantak Das, Chief Economist & National Director, Research, Knight Frank
India shares an overview on India’s Real Estate Sentiment (Residential and
Commercial) for Q1 2016
“After
a lull of five quarters, the overall sentiment has experienced a sharp uptick
at the back of the Union Budget’s focus on real estate and infrastructure.
Additionally, the Real Estate Regulation Bill becoming an Act has boosted the
sentiment further since the sector is expected to become much more transparent
and organised which in turn will benefit all the stakeholders.
The
stakeholders have been optimistic about the Office market for quite some time
now and the same trend has been reflected in this survey as well. Residential
sector, on the other hand, has restored positive sentiment amongst the
developers and lenders for the first time after four quarters.”
Findings
of the Report:
RESIDENTIAL
SECTOR ON A RECOVERY PATH
·
Overall, there is a
considerable improvement in the sentiments for the residential sector. The
number of respondents with a positive outlook for the sector has gone up in Q1 2016
·
The
pressure on unsold inventory has been reducing since the last four quarters due
to the limited number of new launches. Developers have been focussing on
project completions, instilling confidence in buyers
·
The
benefits provided to buyers in the Union Budget 2016 are also expected to push
demand further. Stakeholders are quite optimistic about residential sales –
nearly 54% of the respondents believe that the demand will pick up in the
coming six months
COMMERCIAL
OFFICE SPACE MARKET SHOWS RENEWED OPTIMISIM
·
Stakeholders are quite
optimistic about the office market, especially in terms of leasing volumes and
rental appreciation
·
Nearly
73% of the respondents expect the leasing volume to improve in the coming six
months
·
In view
of the limited office supply and firming leasing volumes, stakeholders are of the
opinion that the office space rental appreciation rate will be better in the
next six months
ZONAL
SENTIMENT SCORE
·
The north zone witnessed
a substantial recovery in the future sentiment score in Q1 2016
·
This
score stood below the positive mark in the last quarter; however, now at 67, it
indicates that sentiments have strengthened and stakeholders are quite
optimistic about the real estate market in the next few months.
About
FICCI..!
Established in 1927, FICCI is
the largest and oldest apex business organisation in India. A non-government,
not-for-profit organisation, FICCI is the voice of India’s business and
industry.FICCI draws its membership from the corporate sector, both private and
public, including SMEs and MNCs; FICCI enjoys an indirect membership of over
2,50,000 companies from various regional chambers of commerce.
About Knight Frank..!
Knight Frank LLP is the leading independent global property consultancy.
Headquartered in London, Knight Frank has more than 13,000 people operating
from over 400 offices across 58 countries. These figures include Newmark Grubb
Knight Frank in the Americas, and Douglas Elliman Fine Homes in the USA. The
Group advises clients ranging from individual owners and buyers to major
developers, investors and corporate tenants.
In India, Knight Frank is headquartered in Mumbai and has more than 1,000
experts across Bangalore, Delhi, Pune, Hyderabad, Chennai, Kolkata and
Ahmedabad.
Backed by strong research and analytics, our experts offer a
comprehensive range of real estate services across advisory, valuation and
consulting, transactions (residential, commercial, retail, hospitality, land
& capitals), facilities management and project management.For more
information, visit http://www.knightfrank.co.in/
|
For
futher information please contact:
Aanchal Shetty (Knight Frank)
AVP
- Corporate Marketing & Communication
+91
99305 42661
|
Rahul Lakhpati (Blue Lotus)
Vice President
+91
9819225352
|
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