Property consultant Knight Frank India has signed a memorandum of understanding (MOU) with industry chamber FICCI to launch its real estate sentiment index in India.
“In the wake of a volatile environment, there is a need to capture the perceptions and expectations of the industry leaders which will further help in gauging the overall sentiment of the Indian real estate sector,” a statement from Knight Frank said.
The quarterly report will be released later this year and will capture developer’s perspective on the real estate market conditions. Besides, through this index consumers will be able to assess the pulse of the developer’s fraternity. It will also gauge the short term future trend of launches, sales volume, prices and credit availability for the Indian residential and office space market.
Samantak Das, Chief Economist, Director-Research & Advisory Services, and Knight Frank India said the index will capture the perceptions and expectations of the industry leaders in order to measure the current and future market sentiments.
Shishir Baijal, Country Head and Managing Director, Knight Frank India said, “This is a one of its kind initiative from our side to bridge the gap between developers and the end consumer and bring them on to a common platform wherein the latter is in complete knowledge of what to expect of the current market.”
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