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Below are Perspective On Knight Frank Sentiment Index Q4 2020 By Krish Raveshia, CEO at Azlo Realty

“The score for the future sentiment index rising to a multi-year high is on expected lines given the traction we are witnessing on the ground in the past few months. Likewise, the current sentiment index turned positive for the first time in 2020 indicating demand returning to pre-COVID levels. The encouraging part is that the KF Sentiment index is bullish across regions for developers and non-developers both indicating a broad-based recovery rather than a partial one restricted to a particular region. The sentiment has turned positive due to a host of reasons from the government reforms, low-interest rates, easy liquidity, unlock measures, and above all the vaccination process which is full flow across the country.

The unlock measures undertaken by the government have helped address the supply-side constraints. The rising demand on the other hand has ensured a stable pipeline of new projects. The expectation of office leasing activity increasing in the next 6 months will further strengthen the sentiments. With restoration of business activity, offices are asking their employees to report to the office for work. This has ensured rent levels are in check, we expect pricing power and rental levels back to pre-COVID levels in few quarters.”

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