Updated By: LatestGKGS Desk
India ranked 35th in Global Real Estate Transparency Index: Ranking Details
India ranked 35th in Global Real Estate Transparency Index: Ranking Details
India was ranked 35th among 100 countries in Global Real Estate Transparency Index. The index was recently 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 '6semi-transparent’ zone.
India has moved up one place due to improvement in market fundamentals, policy reforms, and liberalisation of FDI. Also, 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
Top Ten countries are United Kingdom (1st), Australia (2nd), United States (3rd), France (4th), Canada (5th), Netherlands (6th), New Zealand (7th), Germany (8th), Ireland (9th) and Sweden (10th).
Top Five worst countries are Venezuela (100), Libya (99), Senegal (98), Mozambique (97) and Ivory Coast (96).
Among BRICS countries South Africa was ranked at 21st position, followed by China (33rd), Brazil (37th) and Russia (38th).
Among South Asia Sri Lanka (66th position), Pakistan (75th position).
