Why is the Real Estate Current Sentiment Index Score at a decadal high? constructionweekonline.in
The Knight Frank-Naredco Real Estate Sentiment Index Q1 2024 (January-March) report unveils an unprecedented surge in market confidence amongst the supply side of real estate, marking a significant milestone in the sector. The Current Sentiment Index Score soared to 72, ascending from last quarter’s 69, and setting a decadal high.
This remarkable achievement is underscored by the robust economic landscape in India, with stakeholders across the board expressing heightened confidence and optimism. Driven by a strong domestic economy, the Future Sentiment score also saw an uplift, climbing from 70 in Q4 2023 to 73 in Q1 2024. This positive trajectory reflects stakeholders’ sustained optimism regarding the Indian economy and the enduring demand in the real estate market
