Covid-19’s real estate sector will improve in 6 months: Survey

The sector’s ‘current perception score’ improved to 40 points during the July-September quarter, according to a survey released on Thursday by industry body FICCI, Naredco and property advisory company Nightfrank. This was at a record low of just 22 points a quarter ago. However, it still remains pessimistic. The survey is issued to real estate developers, banks, financial institutions and private equity companies. Accordingly, the ‘Future Perception Score’ improved from 41 points in the previous quarter to 52 points.

A score index below 50 indicates pessimism of perception and positivity above it. If the index is 50 points, it is considered indifferent.

About 57 percent of the people surveyed believe that the economy will see improvement in the next six months and it will move on the path of development. At the same time, 38 percent of respondents believe that the situation will improve in the next six months, while 31 percent said that the current availability of loan will remain at the same level for six months.