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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.

The Silent Epidemic

Suicide is not just a personal tragedy but a collective failure of our social, educational, and emotional ecosystems.

In classrooms filled with the hum of lectures, among deadline-driven essays and competitive exams, there lies a silence no syllabus prepares us for. It is the silence of youth surrendering to the unrelenting weight of invisible wounds, of students smiling in group photos but cracking alone in their dorm rooms. Suicide, once whispered about in hushed tones, now casts a long shadow over college campuses, coaching hubs and even high schools. It has become the loudest unspoken tragedy of our times.


The numbers are harrowing: according to the National Crime Records Bureau, student suicides in India doubled from 6,654 in 2013 to over 13,000 in 2022. Nearly 10 percent of all suicides last year were by students. A joint study by the University of Melbourne, NIMHANS and several Indian institutions surveyed over 8,500 students across nine states and found that 12 percent had considered suicide in the past year. Five percent had already tried.


Put another way: in a typical classroom of 40 students, five have thought about ending their lives. Two may have already attempted. These are not abstract figures but sons, daughters, classmates and friends - bright young minds cracked open by the unrelenting pressure to perform, to conform, to succeed at all costs.


Historically, we’ve tried to name this torment. The Greeks called it melancholia. Later, we spoke of nervous breakdowns and delusions. Today, we’ve collected these afflictions under the wide umbrella of mental health. And yet, even as our vocabulary has evolved, our attitudes remain tragically archaic. Many families still consider suicide a sin, a shame, a moral failing - anything but a clinical emergency. The tragedy lies not just in the act, but in how long it takes to be recognized as a cry for help.


This denial cuts across religion, class and geography. Whether it’s the austere hallways of the IITs or the coaching factories of Kota, the pressure cooker environment leaves little room for emotional breathing. One survey at an IIT revealed that over 60 percent of students reported severe anxiety or mental stress. Their tormentors are parental expectations, societal benchmarks, the unrelenting demand to be the best version of a child someone else imagined.


As an educator who spends more waking hours with students than with my own family, these statistics are personal, urgent and terrifying. When I read that one in ten Indian students is suicidal, I don’t think of a percentage. I think of faces - of the quiet one in the back row, the overachiever who hides behind a rehearsed smile, the student who suddenly stops showing up. In these moments, being a teacher means far more than finishing a syllabus.


Some strides have been made. Public figures like Deepika Padukone have bravely spoken about their mental health struggles, offering a vocabulary and visibility that helps chip away at stigma. Many institutions have started implementing counselling services and peer mentorship programs. But often, these are token gestures. In practice, the youth who most need help remain unheard and unnoticed.


More than mental health awareness, the need of the hour is mental health integration. A cultural shift. We need to normalize seeking therapy the way we normalize coaching classes. We need schools where counsellors are as accessible as tutors, where students are taught to build resilience, not just résumés. We need to retrain parents to love unconditionally, not transactionally; to raise humans, not just success stories.


Cities like Kota, now synonymous with suicide as much as with IIT dreams, are a case in point. These education bazaars, with their militarized coaching schedules and fierce competitiveness, rarely factor in emotional well-being. The same goes for premier medical and engineering institutes where young people who once topped their districts now buckle under the weight of excellence. Here, failure isn’t a lesson but a death sentence.


Yet, there is hope, tucked into conversations and kind words. Sometimes, all it takes is a late-night chat, a teacher’s gentle check-in, or a friend refusing to let silence win.


To the young people reading this, I want to say: you were the strongest swimmer in a sea of millions to reach your mother’s womb. You were born a fighter. Do not let fleeting pain rob you of a life still unfolding. If the burden feels too heavy, speak. To a teacher. A friend. A stranger on a helpline. Speak because your story doesn’t end here. It shouldn’t.


(The author is an academician, columnist, historian and a strong voice on Gender and Human Rights.)

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