The optimistic tone prevailing in the real estate sector after surviving the second wave of Corona

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MUMBAI: Various stakeholders in the country's real estate sector are optimistic about the future of the sector after it withstood another wave of Corona. Compared to the first wave, the second wave experienced less rigidity in the lockdown and last year

Provided support for developers to withstand the effects of the second wave. Speed ​​in vaccination and increasing availability of vaccines have boosted optimism in the real estate sector.

According to a survey, the current situation score was 9 in the June quarter, which was the lowest all-time low of 6 in the June 2020 quarter. However, the first quarter of the current year, the March quarter, saw an increase in the score, according to a survey conducted jointly by FICCI and others.

The Future Sentiment Score, which was 9 in the first quarter of 2021, is declining in the second quarter. Which can be said to continue in the optimistic zone.

The outlook for the office market is improving, especially on leasing, where demand for office space is expected to grow. Various stakeholders expect to see a significant increase in demand in the next six months.

The outlook for the residential market is also optimistic. More than 50 per cent of those surveyed said they expect residential launches and sales to increase in the next six months, the report said.


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