(Pooja Dubey, Intern Journalist) The coronavirus epidemic has had a bad effect on the real estate sector. However, it is now expected to improve. The current sentiments of real estate stakeholders in the country are at 22 in the second quarter (April-June) of the year 2020. Which stood at 31 in its first quarter.
The ‘Future Sentiment Score’ of partners is still in disrepair, but is 41 in the second quarter of 2020, better than 36 in the first quarter of 2020. Its credit goes to the expected improvement in macroeconomic indicators and the adoption of new business models. This survey has been prepared on the basis of the first two weeks of April-June 2020 and July 2020.
Shishir Baijal, chairman of Knight Frank India, said that “some economic indicators are showing a slight improvement. The second quarter of the year will be full of festivals, so the stakeholders have displayed better sentiments than the previous quarter.”
The Central Bank and the Government have announced incentive measures. However, measures to increase demand are also needed, so that sentiments are better in the economy. Incentives for cheap housing, simplifying the availability of credit for the sector, and restructuring developer loans at once so that this sector can emerge from the crisis.
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