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By:

Bhalchandra Chorghade

11 August 2025 at 1:54:18 pm

Real estate sentiment steadies ahead of 2026

India’s real estate sector appears to have regained its equilibrium in the final quarter of 2025, with stakeholder sentiment stabilising after a phase of moderation earlier in the year. The 47th edition of the Knight Frank–NAREDCO Real Estate Sentiment Index for Q4 2025 (October–December) indicates that both current and future outlooks remain firmly in the optimistic zone, underpinned by improving macroeconomic visibility, easing inflationary pressures and steady funding conditions. The...

Real estate sentiment steadies ahead of 2026

India’s real estate sector appears to have regained its equilibrium in the final quarter of 2025, with stakeholder sentiment stabilising after a phase of moderation earlier in the year. The 47th edition of the Knight Frank–NAREDCO Real Estate Sentiment Index for Q4 2025 (October–December) indicates that both current and future outlooks remain firmly in the optimistic zone, underpinned by improving macroeconomic visibility, easing inflationary pressures and steady funding conditions. The Current Sentiment Score edged up marginally to 60 in Q4 2025 from 59 in the preceding quarter, while the Future Sentiment Score held steady at 61. Although these readings remain below the peaks witnessed during 2023–24, they reflect a market that has absorbed recent volatility and is now progressing on more stable fundamentals. The stabilisation suggests that stakeholders are tempering expectations while retaining confidence in the sector’s medium-term prospects. A key driver of this optimism is the strengthening domestic macroeconomic environment. Real GDP growth accelerated to 8.2 per cent in Q2 FY 2025–26, a sharp improvement over the 5.6 per cent recorded in the corresponding period last year. High-frequency indicators continue to signal sustained economic momentum, helping offset global uncertainties. According to Shishir Baijal, Chairman and Managing Director, Knight Frank India, stronger macro visibility, steady funding conditions and disciplined decision-making across stakeholders have collectively reinforced confidence. He noted that calibrated residential supply and robust office leasing activity are providing structural support to the market. Funding availability sentiment also improved during the quarter. Most respondents expect liquidity conditions to remain stable or improve, aided by policy continuity and a sustained focus on asset quality. While lenders and investors continue to adopt a selective approach, capital access across asset classes remains supportive, indicating confidence in the sector’s underlying fundamentals rather than speculative expansion. Regionally, future sentiment strengthened modestly across all zones, with every region remaining in the optimistic zone. The South Zone retained its leadership position with a score of 62, driven by strong office leasing in Bengaluru and Hyderabad and resilient demand in higher-ticket residential segments. The East Zone improved to 62 on the back of steady mid-segment housing demand, while the West Zone also strengthened to 62, supported by stable commercial activity and a calibrated approach to residential development. The North Zone recovered to 59, reflecting stabilising sentiment after earlier softness, aided by steady office traction and ongoing infrastructure momentum. The broad-based regional improvement underscores confidence anchored in urban demand and improving economic conditions. Stakeholder sentiment, however, showed moderate divergence. Institutional stakeholders such as banks, financial institutions and private equity funds recorded a higher Future Sentiment Score of 63, reflecting growing confidence in asset quality and liquidity. Developers, in contrast, maintained a more cautious stance with a score of 58, highlighting a disciplined approach that aligns growth plans closely with demand visibility and funding prudence. This divergence points to a market where capital providers are willing to support growth, while developers remain focused on risk management and execution efficiency. In the residential segment, future sentiment improved in Q4 2025, supported by sustained demand in higher ticket size segments and careful inventory management. Although sales momentum has moderated from earlier peaks, improving financing conditions and controlled supply additions have reinforced confidence. Overall sentiment remains optimistic, characterised by stable demand rather than rapid expansion. The office sector continues to anchor overall market confidence. Leasing expectations remain strong, driven by sustained occupier demand, particularly from Global Capability Centres across major cities. Limited availability of quality Grade A space has encouraged pre-leasing and early commitments, supporting firm rental expectations. Sentiment around new office supply has also improved, indicating expectations of a stronger development pipeline even as near-term availability remains constrained. Parveen Jain, President, NAREDCO, observed that the index reflects confidence strengthening after a period of mild moderation, with residential stability and consistent office leasing forming the backbone of optimism. Taken together, the Q4 2025 findings suggest that India’s real estate sector is entering 2026 on a steadier, more balanced footing, guided by economic clarity, prudent capital deployment and demand-driven strategies across asset classes.

Akhilesh wants 12 seats from MVA, points to Bhiwandi

Updated: Oct 21, 2024

Akhilesh wants 12 seats from MVA, points to Bhiwandi

Dhule: The Samajwadi Party (SP) has asked for 12 seats as part of the opposition Maharashtra Vikas Aghadi (MVA) in Maharashtra, party chief Akhilesh Singh Yadav said on Saturday, even as the alliance is yet to declare its seat-sharing arrangement.


Talking to reporters in north Maharashtra’s Dhule district, Yadav said his party has declared candidates for five seats.


Yadav said his party is the one that is satisfied with a few seats. “We have asked for 12 seats (as part of the MVA),” he said, adding that the SP has shared details of the seats where it has a strong presence.

The SP’s assertion has come at a time when the MVA constituents are in a stalemate over seat-sharing.

On Saturday, the SP declared the candidature of Irshad Jahagirdar from Dhule city, making him the fifth candidate of the party so far.


The party on Friday declared sitting MLA Rais Shaikh’s candidature from Bhiwandi East, Riyaz Azmi from Bhiwandi West and Shaan-E-Hind from Malegaon Central. The SP’s state president, Abu Asim Azmi, is a sitting MLA from the Shivajinagar-Mankhurd seat.


Yadav addressed rallies in Malegaon on Friday and Dhule on Saturday.


Talking to PTI, Abu Azmi said, “We have declared five candidates so that they (MVA) know that we are strong here, or else they will tell us in the meeting that your candidate is not very strong. We have shown that we are asking for seats where we are strong.”


He said Congress has not won the Bhiwandi East seat since 1999. “Only we will win this seat. They should not regret it like Haryana later (if the MVA fields a candidate from the seat),” he said.


Azmi said MVA leaders have spoken to him and assured him about seats.


Founded by Mulayam Singh Yadav, the SP is a constituent of the opposition’s INDIA bloc at the national level. The Peasants and Workers Party (PWP)and the left parties are also part of the MVA.


In Maharashtra, three parties - Shiv Sena (UBT), Congress and NCP (SP) -- which are also part of the INDIA bloc, are contesting the elections as part of the MVA alliance.


The assembly elections in Maharashtra will be held on November 20.


Maharashtra poll results will decide future of country: Akhilesh Yadav

“Maharashtra polls is the election that will change the politics of the country. This is a historic election. After the poll results, the BJP government will go and when the government in Maharashtra goes the (Union) government in Delhi will also collapse.” he asserted.


“When the (Union) government in Delhi goes, our CM (Uttar Pradesh Chief Minister Yogi Adityanath) who takes a bulldozer with him will also go,” he said.


He urged his supporters to ensure defeat of the BJP and its allies in Maharashtra so that it can change the government in Uttar Pradesh.

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