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Real estate: Current sentiment pessimistic; project funding an issue

In a separate report by the economic wing of State Bank of India (SBI), the realty segment was among the top sectors where players / companies opted for moratorium

Topics
Real Estate  | Realty sector | Indian markets

Puneet Wadhwa  |  New Delhi 



worker, jobs, employee, construction, realty, workers, migrants, economy, msme, sme, manufacturing, industries, production
Stalled construction during lockdowns, scarce availability of labour due to migration from urban to rural India, tighter lending norms likely to have muted the developer community sentiment

The cash-strapped sector may not see a substantial improvement in funding for projects over the next six months, with 47 per cent of the respondents of a joint survey by Knight Frank and National Development Council (NAREDCO) expecting the squeeze to continue. However, this is still an improvement, albeit marginal, over the 50 per cent and 53 per cent respondents expecting the squeeze to continue in the March 2020 June 2019 quarters, respectively.

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First Published: Mon, August 03 2020. 15:34 IST

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