Realty market slipped over 6 months: Study
According to a report released by Knight Frank India and the Federation of Indian Chambers of Commerce & Industry, the real estate market has deteriorated compared to the last six months.
The quarterly report captures the suppliers’ perspective of real estate market conditions, titled the ‘Real estate sentiment index’. It explains the current sentiment as cynical across all zones, although East and South remain marginally more optimistic compared to the rest. During 2009-2013 in the residential sector, Mumbai and Pune were the front runners in price appreciation.
Shishir Baijal, CMD, Knight Frank India, said, although there are economic risks associated with the approaching general election, stakeholders expect an economic expansion during the next six months. Still it is believed that political compulsions will supersede any economic urgency leading to a delayed economic expansion during this period.
Source: Times of India
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