Global property consultancy JLL announced on Tuesday that India’s primary real estate markets have now achieved a level of ‘transparency’ for the first time, propelled by the institutionalization of commercial properties and advancements in data accessibility. JLL unveiled its ‘Global Real Estate Transparency Index, 2024’, revealing that India’s tier-I markets have newly entered the ‘transparent’ category with a combined score of 2.44. India holds the 31st spot among 89 countries on the list.
JLL highlighted that “India has taken a significant step forward in JLL’s Global Real Estate Transparency Index 2024 by attaining transparency status for the first time.” This development is attributed to the institutionalization within the commercial sector and enhanced availability of diverse real estate data collections.
According to JLL, “India emerges as the leading global improver in the 2024 index, showcasing substantial advancements in transaction procedures and market essentials.” The nation is at the forefront of global efforts to boost transparency, with expanded data encompassing various property segments leading to improved data quality. Samantak Das, Chief Economist and Head of Research for India at JLL, mentioned that “the rise in institutional engagement, coupled with a focus on transparency, has fostered the adoption of top industry standards in India’s commercial real estate domain.
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