The continuous improvement in the consumer confidence post-covid, heralds good tidings for the real estate sector.
From the historic low of July 2021, following the devastating second covid wave, there has been consistent improvement in the consumer confidence tracked by RBI. In November, the Index reached 62.3, with considerable improvement over the September index of 57.7. The continued upward trajectory of the Future Expectation Index (FEI ) is equally encouraging. The FEI for November has improved to 109.6 , up from 107 in September. The index above 100 signifies optimism.
Says Pradeep Aggarwal, Founder & Chairman, Signature Global and Chairman, Assocham National Council on Real Estate, Housing & Urban Development, ” This consistent rise in consumer confidence index is in line with the pick-up in economy and employment. Further, with RBI continuously holding low interest rates and boosting liquidity and the government pushing up infrastructure spending and extending Housing for All till 2024, promising times are ahead for real estate and housing.