To launch real estate sentiment tracker in India, Frank India recently signed a memorandum of understanding with the Federation of Indian Chambers of Commerce & Industry (FICCI). The quarterly report which will be released later this year will be designed to capture the developer's perspective on the real estate market conditions.
Knight Frank India said that this is one of its kind initiative from its side to bridge the gap between developers and the end consumer and bring them on to a common platform wherein the latter is in complete knowledge of what to expect of the current market.
FICCI said that an index to measure the sentiments of Indian real estate fraternity will add a new dimension to the real estate research space. This would be one of its kind and industry would eagerly wait for the results of of its survey every quarter, FICCI says.