The Indian economy has shown remarkable resilience amid a global recessionary environment. According to a survey conducted by Knight Frank India and NAREDCO, the sentiment index for the real estate sector remained positive in the April-June period, showing improvement from the previous quarter. The outlook for the next six months is also optimistic.

The Story

In their 37th edition of the Real Estate Sentiment Index Q2 2023, Knight Frank and NAREDCO reported that the current sentiment score has increased from 57 to 63, falling into the optimistic zone.

Knight Frank attributes this positive sentiment to the ongoing strength of the Indian economy despite the global recessionary conditions. The Current Sentiment Score reflects stakeholders' current outlook compared to the preceding six months.

Additionally, during Q2 2023, the Future Sentiment Score rose from 61 in Q1 of 2023 to 64, indicating an optimistic territory. The consultant pointed out that India's macroeconomic indicators remained stable, even though there were challenges in some areas.

What is Sentiment Index

The Real Estate Sentiment Index is based on a quarterly survey of key supply-side stakeholders, including developers, banks, Non-Banking Financial Companies (NBFCs), and private equity (PE) funds. The scores are interpreted as follows: a score of 50 represents a neutral view, a score above 50 indicates a positive sentiment, and a score below 50 suggests a negative sentiment.