Future sentiments to stay positive but not bullish

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FICCI-NAREDCO-Knight Frank India has unveiled the major findings of the Real Estate Sentiment Index for Q2 2017 (April–June 2017).

Findings of the Report:

The current sentiment score has gone in the negative zone and has reached Q4 2015 levels. There was confusion among stakeholders in regards to the ongoing projects in regards to implementation of RERA act and GST implementation.

The sentiments will remain positive, but not bullish.

OPTIMISM REIGNS OVER FUNDING SCENARIO
About 62% of the people thinks that the economy will see better results going ahead because of the major policy reforms.

RESIDENTIAL SECTOR SENTIMENT FIGHTING HARD TO STAY AFLOAT

In regards to residential launches, there is slight recovery in Q2 2017 as 68% of the people thinks that launches will improve in the next six months. There is also a drop in residential sales sentiments in Q2 2017.

OFFICE MARKET – PRESSURE ON DEMAND AND SUPPLY PLAGUE THE OFFICE MARKET

About 64% of the stakeholders thinks that over the next six months, there will be a major challenges in new office supply due to delay in projects, while Office leasing has been doing good in the past few years.