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Housing Price Increase Likely: If you are thinking of buying a home of dreams, then be ready to pay more. Because the process of rising prices of residential property may continue. At the same time, despite expensive houses, it will not affect the sales. Also, the process of launching new housing projects from real estate companies is going to continue.
The fourth quarter of 2024 has been released for the October-December quarter. This report is also seeing concerns in the stoch holders associated with the real estate sector about the concerns of economic growth in stakeholders along with global changing economic conditions. The Night Frank India-Naradco Real Estate Sentment Index is better than expected for the current and future, but the sentiment has weakened compared to the last quarter. In the fourth quarter of 2024, the current century score has come down to 59, which was 64 in the third quarter. Also, the sentiment score for the future has also come down to 59, which was 67 in the last quarter.
According to the report, despite these correction, the sentiment remains optimistic for both the present and the future, which reflects the continuous confidence in the possibilities in the long term in this sector.
Shishir Baijal, Chairman and Managing Director of Knight Frank India, said, “The Real Estate Sentment Index is very careful even while being in the optimistic realm. This is happening due to rapid changes in geopolitical situation and domestic economic conditions. He said,” Changes in global economic policy, especially the change in American tariff system, as well as the domestic development is getting more vigilant. Among the quarters, developers and investors are expected to maintain the approach to waiting and monitoring, which aims to maintain the speed created by the region over the years.
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