India has joined the list of transparent real estate markets, with Tier-1 cities achieving this status for the first time, according to the JLL Global Real Estate Transparency Index. India is ranked 31st with a score of 2.44, improving from 36th place in 2022. The UK (1.24) and France (1.26) lead the list.
India’s improved ranking is attributed to increased institutional partnerships, financial regulation, structured building codes, and digitized land records. The index, released every two years, categorises the top 13 countries as most transparent, 14th to 35th as transparent, and 36th to 50th as semi-transparent.
India is the only Asian country in the top ten for transaction process parameters. Key factors include regulatory changes, single ownership assets, office leasing, RERA, and investor protections like the Insolvency Code. JLL Chief Economist Samantak Das noted that India’s office REIT market holds 12% of Grade A office stock, with stringent regulations from RBI and SEBI enhancing the investment environment.
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