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Sentiment in realty sector drops in Dec qtr
New Delhi (PTI): The sentiment index in the real estate sector dropped in October-December 2022 but remained in positive zone amid geopolitical concerns and bleak global economy outlook, according to Knight Frank and Naredco.
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The future sentiment index, which reflects the outlook for the next six months, improved marginally. As per the report, the current sentiment score moderated from 61 in Q3 2022 to 59 in Q4 2022.
The sentiment index is based on the survey of supply-side stakeholders like developers, investors and financial institutions.
The score of above 50 indicates optimism in sentiments.
The moderation in sentiment was mainly on account of a bleak global eco-
Major Findings
z The sentiment index in the real estate sector dropped in October-December 2022 but remained in positive zone amid geopolitical concerns and bleak global economy outlook z The future sentiment index, which reflects the outlook for the next six months, improved marginally nomic scenario and geopolitical risks due to the prolonged Russia-Ukraine war, the consultant said.
