Builders, financial institutions bullish on realty sector growth; future sentiment score improves
Knight Frank and NAREDCO. Real estate consultant Knight Frank and realtors' body NAREDCO on Friday released 'Real Estate Sentiment Index Q3 2024 (July-September 2024)', highlighting continued optimism in the realty sector.
There was a marginal dip in the current sentiment score, which stands at 64, down from 65 in the April-June period.
However, the future sentiment score improved to 67, up from 65 in the previous quarter, signalling rising confidence in the sector's growth over the next six months.
The index captures the perceptions of supply-side stakeholders and financial institutions regarding the real estate sector, economic climate, and funding availability. A score of 50 indicates a neutral outlook; scores above 50 reflect positive sentiment, while those below 50 suggest a negative outlook.
Both current sentiment and future sentiment scores remain firmly in the positive zone, reflecting sustained trust in the industry's long-term potential, the report said.
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