Bengaluru, March 3, 2025: The 43rd edition of the Knight Frank – NAREDCO Real Estate Sentiment Index Q4 2024 (October–December 2024) report reflects cautious optimism among real estate stakeholders. Both the Current and Future Sentiment Scores remain above the optimistic threshold of 50 but have corrected downward from the previous quarter, influenced by global economic shifts and stakeholder concerns regarding economic growth. The Current Sentiment Index Score declined to 59 in Q4 2024, down from 64 in Q3 2024, indicating a measured adjustment. Similarly, the Future Sentiment Score corrected to 59 in Q4 2024, compared to 67 in the previous quarter. Despite these corrections, both current and future sentiments remain firmly in the optimistic zone, underscoring continued confidence in the sector’s long-term prospects.

The residential market outlook in Q4 2024 sustains optimism with a 59% response rate for an expected rise in residential prices, while 38% of the stakeholders anticipate an increase in sales. A notable portion of 41% anticipated rise in residential launches.

The office market outlook exhibits buoyancy on all key parameters – leasing, supply and rent – as the stakeholders remain confident about the performance of this asset class in the next six months.

The quarterly Knight Frank-NAREDCO report captures the current and future sentiments towards the real estate sector, as well as economic conditions and funding availability as perceived by the supply-side stakeholders and financial institutions. A score of 50 represents a neutral view or status quo; a score above 50 demonstrates a positive sentiment; and a score below 50 indicates a negative sentiment.

Current and Future Sentiment Scores

Sentiments of Developers and Non-Developers

Developer Future Sentiment has adjusted downwards to 58 in Q4 2024 from 65 in Q3 2024.  This shift reflects a cautious yet forward-looking perspective as developers respond to evolving market and economic indicators.

Non-developer stakeholders (including banks, financial institutions, and PE Funds) have revised their outlook slightly to 60 in Q4 2024. This cautious optimism reflects a balanced anticipation of challenges and opportunities in the upcoming months.

Shishir Baijal, Chairman and Managing Director, Knight Frank India, said, “The Real Estate Sentiment Index, while remaining in the optimistic zone, reflects a measured sense of caution. This moderation is driven by evolving geopolitical dynamics and domestic economic conditions. Global economic policy shifts, particularly changes in U.S. tariff regimes, along with a slowdown in domestic growth, have led the real estate sector to adopt a more cautious stance. In the coming quarters, developers and investors are expected to maintain a wait-and-watch approach, aiming to sustain the momentum the sector has built over the past few years.” Residential market outlook

The future sentiment for the residential market remains in the optimistic territory though confidence in residential launches has moderated, with 32% of respondents now expecting a decline in new launches in the first and second quarter of CY 2025, a significant denudation in sentiments from just 4% in Q4 2023.

A comparable trend is seen in residential prices, while 88% of respondents maintain that prices will increase or remain stable, the share of respondents anticipating a decline in prices is 12% in Q4 2024, rising from 1% in Q4 2023. This growing caution among stakeholders reflects a more measured outlook on the residential market. In the Q4 2024 future Sentiment survey, 38% of the respondents expect residential sales to increase, and 23% predicted stability. This demonstrates steady confidence in the market, with overall sentiment pointing towards moderation. In Q4 2024, 41% of survey respondents opined that residential launches will improve, while 28% indicated stability. 59% of the survey respondents in Q4 2024 expect residential prices to increase, supported by consistent demand and limited inventory in prime markets.

Residential sentiment remains resilient

Hari Babu, President-NAREDCO, said, “The Q4 2024 Sentiment Index report highlights a cautious optimism in the residential sector, with stakeholders adopting a more measured approach. While the decline in sentiment scores is notable, it’s essential to recognize that the scores remain firmly in the optimistic zone. The moderation in residential launches, sales, and prices is a reflection of the prevailing economic and market conditions. However, it’s heartening to note that the office market continues to demonstrate resilience, driven by strong leasing momentum and rental growth. I believe it’s crucial for developers and stakeholders to be adaptable and responsive to changing market conditions. We must focus on creating sustainable and affordable housing options that cater to the evolving needs of homebuyers. Despite the short-term challenges, I remain optimistic about the long-term prospects of the Indian real estate sector. With the government’s focus on infrastructure development and housing for all, I am confident that the sector will continue to grow and thrive in the years to come.”

Office market outlook

The office outlook strengthened further on all three parameters (leasing, new office supply and rent) as survey respondents remained confident about this sector’s long-term potential. Stakeholders opined that India’s office market demand will bolster in the first half of 2025.

In Q4 2024, 64% of survey respondents expect office leasing to improve, driven by positive corporate sentiments and continued recovery in demand. 41% of respondents predicted an increase in office supply, indicating stability in continued sector growth ,while 64% of the survey respondents expect office rents to increase, driven by growing demand of high-quality office spaces.

Office Market Sentiment

Economic Scenario

Based on the survey findings, 54% of respondents have a positive outlook on the economic scenario. This marks a significant decline from Q4 2023 when 90% of respondents expressed optimism about India’s economic growth. The tempered sentiment can be attributed to recent downward revisions in GDP projections, rupee depreciation, and other macroeconomic factors. Consequently, 46% of respondents exhibit a moderated optimism regarding India’s economic resilience and growth potential.

Furthermore, 39% anticipate an increase in funding availability, reflecting a more cautious confidence compared to 57% in Q4 2023. Notably, the proportion of respondents expecting a decrease in funding has risen to 12% in Q4 2024, up from 6% in Q4 2023. This underscores the fact that while investors continue to recognize the sector’s long-term potential—as indicated by the non-developer overall future sentiment index score—stakeholders are likely to have a more cautious stance in the next 6 months.

3rd March 2025: As the world races forward into an era defined by artificial intelligence, innovation, and geopolitical shifts, the 22nd edition of the India Today Conclave comes with the theme, ‘The Age of Acceleration’. Bringing together some of the most influential minds from across industries, this year’s conclave takes place at Taj Palace, New Delhi, on 7th-8th March and will host a distinguished line-up of speakers who are shaping the future in technology, politics, defence, arts, entertainment, and beyond.

As AI reshapes industries at an unprecedented speed, the integration of robotics, machine learning and automation is altering the very fabric of economies and the workforce. From self-learning algorithms revolutionising decision-making to robotics enhancing healthcare, defence and manufacturing, the conversation at the conclave will focus on the power and responsibility of innovation. Experts will deliberate on the ethical dilemmas, regulatory challenges and economic implications of AI as it moves beyond assisting humans to making autonomous decisions that impact billions.

This year, the India Today Conclave 2025 will showcase groundbreaking advancements in robotics with Spaceo Humanoid and Guardeo Robo Dogs by Muks Robotics. Spaceo, a cutting-edge humanoid pushing the boundaries of human-machine interaction, and Guardeo, an agile robotic dog, exemplify the future of security and surveillance. These innovations will offer a glimpse into the next frontier of AI-driven automation.

Toby Walsh is Chief Scientist at UNSW.ai, UNSW Sydney, and a leading authority on artificial intelligence. With four acclaimed books on AI, including ‘2062: The World That AI Made’ and ‘Faking It: Artificial Intelligence in a Human World’, Walsh has been at the forefront of discussions on the impact, ethics and future of AI in a rapidly evolving world. His insights will be critical as businesses and societies navigate the promises and perils of AI-driven acceleration. The future of AI is not just about technology—it’s about society’s ability to adapt, regulate and harness its potential responsibly. Walsh will be among the distinguished voices, along with other thought leaders, changemakers and disruptors, coming together to discuss the challenges and opportunities in this Age of Acceleration.

Alongside AI pioneers, the conclave will also feature influential voices across politics, business, entertainment and security, ensuring a dynamic exchange of ideas that define the Age of Acceleration.

The India Today Conclave 2025 stands as a defining moment to engage with the ideas and technologies driving the future. As India navigates the Age of Acceleration, this platform will facilitate crucial dialogues that shape the country’s trajectory on the global stage. With an exceptional line-up of speakers and cutting-edge innovations, this is where the future unfolds.

New Delhi, India – 3rd March 2025: Consistent, a leading provider of IT Peripherials, Surveillance & Networking Solutions, Storage and Print Consumable, is proud to announce that its wide range of innovative products will soon be available on the Government e-Marketplace (GeM), India’s premier public procurement portal. This strategic move reinforces Consistent Infosystems’ commitment to providing high-quality, Made-in-India technology solutions to government entities, public sector undertakings (PSUs), and other registered buyers on the platform.

GeM, a 100% government-owned and managed national procurement portal, plays a pivotal role in enhancing transparency, efficiency, and ease of doing business in public procurement. By making its products available on GeM, Consistent Infosystems aims to support the Indian government’s Digital India and Make in India initiatives while ensuring seamless access to its state-of-the-art technology solutions for various government departments and agencies.

With a robust portfolio of IT hardware, networking equipment, surveillance products, and power solutions, Consistent Infosystems is poised to cater to the evolving needs of government organizations. The company’s upcoming presence on GeM will enable government buyers to procure cutting-edge technology solutions with ease, ensuring reliability, affordability, and compliance with stringent quality standards.

Ritesh Das, Marketing Manager, Consistent Infosystems, expressed enthusiasm about this development, stating, “We are delighted to announce that our products will soon be accessible on GeM, marking a significant step in our mission to provide reliable, high-performance technology solutions to the public sector. This initiative not only expands our market reach but also strengthens our alignment with the government’s vision for digital transformation and self-reliance in the IT sector.”

Consistent Infosystems continues to drive innovation and excellence in the IT and surveillance industry, empowering organizations with best-in-class solutions tailored to meet their operational requirements. With its upcoming availability on GeM, the company is well-positioned to enhance its engagement with government institutions and contribute to India’s technological advancement.