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Global Real Estate Transparency Index of JLL ranks India at the 34th position

Global Real Estate Transparency Index of JLL ranks India at the 34th position

The Global Real Estate Transparency Index (GRETI) released by the Jones Lang LaSalle (JLL) has ranked India at the 34th position. The new ranking is an upgrade in the position by one place that has been accorded due to the regulatory reforms, enhanced market data and sustainability, and other initiatives of the government of India.

Key Points:

  • The GRETI index was earlier released in 2018 and India was ranked at the 35th position. In 2020 India has also reached the top 20 countries for its ”sustainability transparency”.
  • Among the countries that were ranked India, Philippines, Vietnam and Indonesia were among the top countries with major improvements.
  • The improvement has been attributed by JLL to the Real Estate Investment Trust (REIT) framework, that has attracted the interest of institutional investors.
  • The national REIT framework is the major contributor, and the regular progress coupled with improvements in governance, will attract more institutional investors.
  • Across the globe, the United Kingdom (UK) is the most transparent country in the real estate market and is followed by the United States of America (USA).
  • China and Thailand are at the 32nd and 33rd position respectively just above India in the rankings.

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