In a notable advancement for India’s real estate sector, JLL’s ‘Global Real Estate Transparency Index 2024’ has ranked India 31st among 89 countries, marking a significant milestone. For the first time, India’s tier-I markets have entered the ‘transparent’ tier, underscoring the country’s progress in transparency and data accessibility within its real estate sector.
JLL’s latest report highlights that India’s improved positioning is attributed to the increased institutionalisation of commercial assets and enhanced access to diverse real estate data. This advancement reflects India’s substantial progress in refining its real estate processes and transparency measures. India’s ascent to the ‘transparent’ tier, with a composite score of 2.44, is a testament to its commitment to elevating market standards. This leap is driven by the sector’s enhanced institutional frameworks and a more transparent transaction process, significantly improving the quality and coverage of real estate data.
JLL has recognised India as the top global improver in the 2024 index, showcasing its leadership in enhancing market transparency. The report indicates that India has made notable strides in transaction processes and market fundamentals, setting a benchmark for other nations to follow. The report underscores that the improvements in India’s real estate transparency are primarily due to better access to a wide range of real estate data and advancements in market fundamentals. This progress positions India as a leader in the global effort to enhance real estate transparency, contributing positively to its investment climate and market stability.
As India continues to bolster its real estate transparency, the sector is expected to attract increased investor confidence and drive further institutional investment. The recognition from JLL not only highlights India’s current achievements but also sets the stage for future advancements in the real estate sector.
