Thursday 22 August 2019
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business-standard - 8 days ago

Indian Real Estate Stakeholders Downgrade Outlook

In the latest survey by Knight Frank - FICCI - NAREDCO - Real Estate Sentiment Index Q2 2019 , Indian real estate stakeholders have downgraded the current period outlook for the ongoing six months to Pessimistic , indicating no improvement in the level of on-ground activities for the sector. In sharp contrast to the preceding quarters, the overall current sentiment for the real estate sector has been rated at 47 points for the period April - June 2019. The overall slowdown in the economy, coupled with factors like the NBFC crisis, developer defaults and bankruptcies, have slackened the sentiments of the sector, especially for the residential segment.


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