Knight Frank India, a property consultancy firm, today signed a memorandum of understanding with the Federation of Indian Chambers of Commerce & Industry (FICCI) to launch 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, said Shishir Baijal, country head and managing director, Knight Frank India.
“Through this initiative we wish 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,” he said.
Samantak Das, Chief Economist, Director-Research & Advisory Serv-ices, and Knight Frank India said, “The real estate sentiment index will capture the perceptions and expectations of the industry leaders in order to measure the current and future market sentiments.”
This index will gauge the short-term future trend of launches, sales volume, price and credit availability for the Indian residential and office space market.”
