India Enters the Transparent Zone: JLL's Global Real Estate Transparency Index 2024
India's top real estate markets have entered the 'transparent' zone for the first time, driven by institutionalisation of commercial assets and improvement in data access.
Real Estate TransparencyJllGlobal Real Estate Transparency IndexIndiaCommercial AssetsReal EstateAug 27, 2024
India ranks 31st globally, with a composite score of 2.44. The country's tier-I markets have entered the 'transparent' zone, marking a significant improvement in transparency.
According to JLL, India is the top global improver in the 2024 index, making significant strides in transaction processes and market fundamentals. The country is leading the global front in enhancing transparency, with expanded data coverage and improved data quality across various property sectors.
Finland leads the 22 countries that figure in the 'transparent' zone, followed by Hong Kong SAR, Denmark, Switzerland, Spain, Italy, Poland, Norway, Czech Republic, Luxembourg, Hungary, Portugal, Chinese Taipei, South Korea, UAE-Dubai, South Africa, China- Tier 1, India- Tier 1, Thailand, Malaysia, Romania, and Slovakia.
The remaining countries are in semi-transparent, low transparency, and opaque zones. India ranks among the top 10 global destinations for transaction processes and 12th for market fundamentals.
JLL's Global Real Estate Transparency Index is a widely recognised benchmark for transparency in real estate markets. The index assesses the transparency of 89 countries, based on 210 indicators, including data availability, regulatory environment, and market practices.
Information
JLL is a global real estate consultancy firm that provides professional services to real estate investors, occupiers, and developers. The company has a presence in over 80 countries and provides a range of services, including investment sales, leasing, and property management.
JLL (NYSE JLL) is a leading professional services firm that specialises in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people, and our communities.
Frequently Asked Questions
What is the Global Real Estate Transparency Index?
The Global Real Estate Transparency Index is a widely recognised benchmark for transparency in real estate markets, assessing 89 countries based on 210 indicators.
Which country leads the 'transparent' zone in the 2024 index?
Finland leads the 22 countries that figure in the 'transparent' zone.
What is India's ranking in the 2024 index?
India ranks 31st globally, with a composite score of 2.44.
What are the key drivers of India's progress in the 2024 index?
India's progress is driven by the institutionalisation of commercial assets, improved data access, and regulatory enhancements like RERA and the Insolvency and Bankruptcy Code.
What is JLL's role in the real estate industry?
JLL is a global real estate consultancy firm that provides professional services to real estate investors, occupiers, and developers.
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