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Global Real Estate Transparency Index: India ranks 35

Published on June 30, 2018
India was ranked 35th among 100 countries (countries) in recently released Global Real Estate Transparency Index (GRETI).
  • The index was released by realty consultant JLL.
  • India was ranked 36th in the index during the last bi-annual survey conducted in 2016 and 40th in 2014.
  • India's real estate market is currently placed in the ‘semi-transparent’ zone.

Top 10 countries in GRETI 2018:

  • United Kingdom
  • Australia
  • United States
  • France
  • Canada
  • Netherlands
  • New Zealand
  • Germany
  • Ireland
  • Sweden

Top 5 Worst Performers:

  1. Venezuela (100th)
  2. Libya (99th)
  3. Senegal (98th)
  4. Mozambique (97th)
  5. Ivory Coast (96th)

Rankings of BRICS countries apart from India:

  • South Africa (21st)
  • China (33rd)
  • Brazil (37th)
  • Russia (38th)

India's neighbours:

  • Sri Lanka (66th)
  • Pakistan (75th)

Reasons for India's improved ranking:

  • India has moved up one place due to improvement in market fundamentals, policy reforms, and liberalisation of FDI.
  • Digitisation of property records and industry status accorded to affordable housing also has helped India to improve its rankings.
  • India has emerged as one of the top ten countries to register maximum improvement in transparency in real estate over the last two years.

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