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.
Related News Articles
Ather Energy to Establish Electric Scooter Manufacturing Plant in Sambhajinagar, Maharashtra
Ather Energy, a leading electric two-wheeler manufacturer, is set to build an electric scooter plant in Sambhajinagar, Maharashtra. The facility is expected to create job opportunities and boost the economy in the region.
Sebi Chief Madhabi Buch's Stake in Consulting Firm Under Scrutiny
Madhabi Puri Buch, the chief of India's capital markets regulator, owns 99% of a Mumbai-based consulting firm that's now caught in the crossfire of the Hindenburg Research-Adani Group controversy.
Construction Costs for Housing Projects Spike by 39% Over Four Years: Colliers
Real estate consultancy firm Colliers India has reported a significant 39% increase in the average construction costs for housing projects over the past four years. This rise poses challenges for developers and buyers alike, affecting the overall dynamics
Maharashtra's Record-Breaking FDI Influx in 2024: A Political Milestone?
Maharashtra Chief Minister Devendra Fadnavis announced that the state received a significant Rs 1.13 lakh crore in FDI within the first six months of 2024-25, matching the state's annual average over the past four years.
Super Human Race and CREDAI Maharashtra Unveil Emissions Inventory for Real Estate Sector
SuperHumanRace, a leading technology company specializing in data platforms at the intersection of climate and finance, and CREDAI Maharashtra, a prominent real estate association, have collaborated to launch a groundbreaking emissions inventory for the r
RBI Cuts Repo Rate by 25 Basis Points to Boost Economic Growth
The Reserve Bank of India (RBI) has reduced its key repo rate by 25 basis points, marking the second consecutive rate cut this year. This move aims to stimulate economic growth and provide relief to borrowers.