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Real estate market sentiment up in Q1 2022: Knight Frank-Naredco index

The South Zone remains the most optimistic market with the highest score across zones in the current quarter.

Representative image.

Representative image.

As the Indian economy navigated the third wave whilst being faced with the uncertainty of war in Europe, the real estate sector momentum remained unabated, both for the residential and commercial segments. The Current Sentiment score increased from 65 in Q4 2021 to 68 in Q1 2022 as the last six months remained positive for growth for most real estate stakeholders, the Knight Frank – NAREDCO Real Estate Sentiment Index Q1 2022 said on April 20.

The flagship survey conducted quarterly by Knight Frank India and National Real Estate Development Council (NAREDCO) noted that Current Sentiment soared to a new high of 68 – indicating that most stakeholders experienced positive developments in their businesses in the last six months including the period of the survey.

A score above 50 indicates optimism, 50 means the sentiment is neutral, while a score below 50 indicates pessimism.

The Future Sentiment score recorded at 75 was at a historical best. This score indicates the expectations of the developers and investors for the next six months from the time of the survey. The flagship survey is in its 32nd edition.