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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.

Opposition MPs demand special session of Parliament on Pahalgam terror attack

  • PTI
  • Apr 28, 2025
  • 2 min read


NEW DELHI: More opposition MPs on Monday joined the call for convening a special session of Parliament in the wake of the Pahalgam terror attack.


Rashtriya Janata Dal (RJD) MP Manoj Jha wrote to Prime Minister Narendra Modi, while Communist Party of India (CPI) MP P Sandosh Kumar sent a letter to Parliamentary Affairs Minister Kiren Rijiju, urging them to convene a special session of Parliament to express the will of the nation and send a message of unity.


Independent Rajya Sabha MP Kapil Sibal had on Sunday requested political parties to urge the government to convene a special session of Parliament as early as possible in May.


The former Union minister has called for passing a resolution condemning the Pahalgam terror attack to convey the message to the world that the country is united.


Jha, in his letter addressed to the prime minister, said the Parliament of India stands as the cornerstone of the republic and the highest forum for democratic expression.


"At this time of grief and testing, the Parliament must come together to pay heartfelt homage to the victims of the Pahalgam attack, honour their memory, and reaffirm our shared commitment to the ideals of unity, justice and peace," Jha said.


He said it is essential that the government takes the nation and its elected representatives into full confidence, adding that a shared national response, built through consultation and consensus, is the surest path to preserving unity and safeguarding our nation.


"It is in this spirit that I respectfully urge you to convene a Special Session of Parliament, dedicated exclusively to an open and principled discussion on the Pahalgam attack and its broader implications for the security, well-being and aspirations of the people of India," Jha said.


Kumar, a CPI MP from Rajya Sabha, in his letter addressed to Rijiju, said the special session would allow members across party lines to come together to mourn the loss and express the will of the nation.


He said the attack did not only cause immense sorrow to the victims' kin but also shook the "collective conscience of our nation."


"In these difficult times, it is imperative that our Parliament "the supreme voice of the people" comes together in solidarity to express our profound grief, pay homage to the victims and reiterate our nation's unyielding resolve against terrorism," he said.


"In view of the magnitude of this tragedy, I urge you to consider convening a Special Session of Parliament at the earliest.


Such a session would allow Members across party lines to come together in one voice to mourn the loss, to express the will of the nation and to send a clear and strong message that India remains united, resilient and resolute against those who seek to harm us through acts of terror," he said.


Kumar said Parliament should rise above political divides to embody the spirit and aspirations of the people.


"At this moment of national mourning, a collective expression of solidarity from the highest forum of democracy would be both timely and necessary," he said.


On April 22, terrorists in Pahalgam gunned down 26 people, mostly tourists, in what is the deadliest attack in the Valley since the Pulwama strike in 2019.

An all-party meeting was called by the government on April 24 after the Pahalgam attack.

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