India Enters Transparent Zone in JLL 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 EstateTransparencyIndiaJllGlobal Real Estate Transparency IndexReal Estate NewsAug 27, 2024
India's tier-I markets have entered into the 'transparent' zone for the first time with a composite score of 2.44, ranking 31st globally among 89 countries. This progress is a result of institutionalisation in the commercial market and improved access to diverse real estate data sets.
The consultant noted that India has made a remarkable leap forward in JLL's Global Real Estate Transparency Index 2024, reaching the transparent tier for the first time. 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 is the top global improver, with greater data coverage and quality across both core and niche property sectors – ranging from industrial to data centres – as institutionalisation in the market increases.
India ranks among the top 10 global destinations for transaction processes and 12th for market fundamentals. This progress is expected to boost investor confidence and attract more foreign investment into the country's real estate sector.
About JLL
JLL is a leading professional services firm that specialises in real estate and investment management. The firm provides expert advice to clients looking to buy, sell, or invest in real estate.
Frequently Asked Questions
What is the Global Real Estate Transparency Index?
The Global Real Estate Transparency Index is a report published by JLL that ranks countries based on the transparency of their real estate markets.
Which country tops the transparency index?
Finland tops the transparency index, followed by Hong Kong SAR, Denmark, Switzerland, and Spain.
What is the rank of India in the transparency index?
India ranks 31st globally among 89 countries in the transparency index.
What are the key drivers of India's progress in the transparency index?
The key drivers of India's progress in the transparency index are institutionalisation of commercial assets, improved data access, and regulatory enhancements like RERA and the Insolvency and Bankruptcy Code.
How is India's progress in the transparency index expected to impact the real estate sector?
India's progress in the transparency index is expected to boost investor confidence and attract more foreign investment into the country's real estate sector.
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