Realty sentiment improves in Dec quarter

Residential sales picked up on the back of attractive payment schemes, low interest rates, and stamp duty cut

Renu Yadav
Updated28 Jan 2021, 06:51 AM IST
Photo: Mint
Photo: Mint

The realty sector is finally turning optimistic with a sentiment index score of 54 in the December quarter, with a positive demand outlook for the next six months, according to a survey by Knight Frank-Ficci-Naredco.

The Current Real Estate Sentiment Index is at its highest level in over a year, up from 31 points in April-June 2020. A score of above 50 reflects optimism.

Real estate sales in the June 2020 quarter had crashed nearly 80%, compared to the same quarter in 2019, following the pandemic, hurting customer sentiments. Subsequently, a recovery in demand for residential and office space helped lift sentiments. Residential sales picked up during the three months ended December on the back of attractive payment schemes from developers, low interest rates, and a cut in stamp duty by Maharashtra and Karnataka governments. With the Future Sentiment Score witnessing a surge from 52 points in the September quarter to 65 in the December quarter, the sector expects demand to pick up further.

“Geographically, the western part of the country saw the sharpest jump in Future Sentiment Index. This zone’s future sentiment jumped to 66 points in Q4 2020 from 47 points in Q3 2020. With respect to stakeholders, both developers and non-developers (banks, non-bank lenders and private equity funds) recorded an improvement in Future Sentiment score in Q4 2020,” the report added.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.MoreLess
First Published:28 Jan 2021, 06:51 AM IST
HomeNewsIndiaRealty sentiment improves in Dec quarter

Most Active Stocks

Bandhan Bank

200.35
09:53 AM | 16 JUL 2024
5 (2.56%)

Oil & Natural Gas Corporation

326.00
09:53 AM | 16 JUL 2024
3.45 (1.07%)

Tata Steel

168.40
09:53 AM | 16 JUL 2024
1.6 (0.96%)

Indian Oil Corporation

171.50
09:53 AM | 16 JUL 2024
1.9 (1.12%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

HBL Power Systems

675.40
09:47 AM | 16 JUL 2024
45.35 (7.2%)

JM Financial

100.65
09:47 AM | 16 JUL 2024
5.62 (5.91%)

Motilal Oswal Financial Services

560.00
09:47 AM | 16 JUL 2024
29.65 (5.59%)

IRB Infrastructure Developers

71.58
09:47 AM | 16 JUL 2024
3.38 (4.96%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    74,318.00-453.00
    Chennai
    74,755.00928.00
    Delhi
    75,266.001,294.00
    Kolkata
    75,047.001,002.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.76/L0.01
    Kolkata
    104.95/L0.00
    New Delhi
    94.72/L0.00
    OPEN IN APP
    HomeMarketsPremiumInstant LoanMint Shorts