2023-07-25-莱坊-REAL_ESTATE_SENTIMENT_INDEX_Q2_APR_–_JUN_2023_10页_1mb

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Knight Frank-NAREDCO Real Estate Sentiment Index Q2 2023 Summary

Overview of the Index

The Knight Frank-NAREDCO Real Estate Sentiment Index for Q2 2023 (April-June 2023) captures perceptions of industry players on real estate market sentiment. The Current Sentiment Index Score increased to 63 from 57 in Q1 2023, and the Future Sentiment Index Score rose to 64 from 61 in Q1 2023, signaling optimism across all regions and among supply-side stakeholders.

Global Economic Context

Global challenges, including persistent inflation in developed markets, but India's strong position as the world's fastest-growing economy instills confidence.
Factors like the ongoing Russia-Ukraine war dragging on for over a year, and China's post-COVID slowdown, contribute to uncertainty.
Despite inflation pressures and monetary policy adjustments, such as RBI stopping interest rate hikes, India's economic resilience supports optimism.

Residential Market Outlook

Highly optimistic; stakeholders expect increases in sales, launches, and pricing for the next six months, supported by steady demand and policy measures.

Office Market Outlook

Positive trends with expectations of rising new supply and office leasing, buoyed by strong demand from India-facing businesses and global capability centers. Rents also show upward potential.

Zonal and Stakeholder Views

All regions maintained scores above 50, except the South zone, where sentiment remained cautious but optimistic overall.
Developers and financial institutions expressed enhanced confidence, influenced by RBI's tolerance band on inflation and supportive funding availability.

Key Findings in Q2 2023

India's bounceback amid global recessions boosts stakeholder confidence.
Residential demand remains robust, while office markets show signs of recovery post-pandemic.

Concluding Remarks

The index indicates a promising landscape for the real estate sector, highlighting India's growth trajectory as a key driver for continued industry optimism and economic resilience, despite global risks.

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