The commercial property market may witness a revival post-Diwali, says Religare Securities.

'We have seen a strong demand in the residential property market from December-January and now we may see buying activity in the commercial property market post-Diwali,' Religare Securities' associate vice-president, Suman Memani, said.

Banks and financial services would be seen buying office spaces, but IT and ITeS sectors are yet to enter realty market as they are still passing through degrowth.

'We still remain negative on retail segments and expect sentiments to improve only 15-18 months from now as the economy gradually gets back on track,' Memani said.

Times of India