The overall volume witnessed across the top eight Indian cities each quarter mirrored the trajectory indicated by the Future Sentiment Score in the preceding quarter, the report said.
As inflation remains high in India, tightening monetary policy measures and an adjusted economic growth forecast have altered the stakeholder sentiment for the next six months, as per National Real Estate Development Council and Knightfrank consumer sentiment index.
The Current sentiment score has declined marginally from 62 in the second quarter of 2022 to 61 in the third quarter of 2022. However, the score has largely remained above 50 since its inception.
Also, The Future Sentiment Score, which measures stakeholder perceptions for the real estate sector over the next six months, has decreased from 62 in Q2 2022 to 57 in Q3 2022.
First Published: Oct 27 2022 | 11:21 PM IST