Knight Frank-FICCI to launch real estate sentiment index

Knight Frank India signed a memorandum of understanding with the Federation of Indian Chambers of Commerce & Industry (FICCI) to launch a first of its kind real estate sentiment tracker in India. The quarterly report which will be released later this year will be designed to capture the developer’s perspective on the real estate market conditions, according to a release by Knight Frank.

In the wake of a volatile environment, there is a need to capture the perceptions and expectations of the industry leaders which will further help in gauging the overall sentiment of the Indian real estate sector.

Shishir Baijal, country head and managing director, Knight Frank India said, “This is a one of its kind initiative from our side to bridge the gap between developers and the end consumer and bring them on to a common platform wherein the latter is in complete knowledge of what to expect of the current market.”

“An index to measure the sentiments of Indian real estate fraternity will add a new dimension to the real estate research space. This would be one of its kind and industry would eagerly wait for the results of our survey every quarter,” says  A Didar Singh, Secretary General, FICCI.