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:
- Venezuela (100th)
- Libya (99th)
- Senegal (98th)
- Mozambique (97th)
- 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.
