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

The cash-strapped real estate 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 Real Estate 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.

“67 per cent of the respondents in the June 2020 quarter (Q2-2020) were of the opinion that the impact of the ongoing crisis on