Knight Frank – Real Estate Sentiment Index, 1Q 2024

India's economy is showing resilience and strong growth, with GDP increasing by 8.4% in the fourth quarter of 2023, making it one of the fastest-growing economies globally. The real estate sector reflects this optimism, with confidence rising in both residential and office markets. Stakeholders anticipate price rises, increased demand, leasing activity, and rental growth. Economic stability and post-pandemic recovery efforts are boosting confidence and transaction volumes. Expectations of continued economic momentum and funding availability further support positive sentiment in the real estate sector. The Knight Frank-NAREDCO Real Estate Sentiment Index for Q1 2024 shows a buoyant outlook, with the Current and Future Sentiment Indexes at their highest levels since 2013. Stakeholders are optimistic about the Indian real estate sector's growth, supported by robust economic fundamentals. The survey also reveals significant trends in new launches, sales, and prices, with no responses indicating a decrease in residential prices. NAREDCO remains committed to promoting sustainable prosperity and inclusive development in the real estate sector.