Frank India on Tuesday 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.
Speaking about this initiative, 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 Dr A Didar Singh, Secretary General, FICCI.
Dr Samantak Das, Chief Economist, Director-Research & Advisory Services, and Knight Frank India sais, “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. It will also serve as a window through which consumers can assess the pulse of the developers’ fraternity.”
Source: The Times of India