Knight Frank India has signed a memorandum of understanding with the Federation of Indian Chambers of Commerce & Industry (FICCI) to launch a first of its kind real estate sentiment tracker in India. The index will gauge the short term future trend of launches, sales volume, price and credit availability for the Indian residential and office space market. It will also serve as a window through which consumers can assess the pulse of the developers’ fraternity. The quarterly reports released will be designed to capture the developer’s perspective on the real estate market conditions. The real estate sentiment index will capture the perceptions and expectations of the industry leaders in order to measure the current and future market sentiments. The initiative aims at bridging the gap between the developers and the end consumer and to bring them on to a common platform wherein the latter is in complete knowledge of what to expect of the current market.