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.
