Transparency in Real Estates is improving

Transparency in real estate sector seems to be improving. According to the Jones Lang LaSalle – 2008 Real Estate Transparency Index, India now holds the 50th position out of 82 markets globally.

Countries are grouped into bands such as Highly Transparent (Tier 1) and Opaque (Tier 5). India has moved up from Tier 4 (Low Transparent) to Semi-Transparent (Tier 3). The number of listed vehicles under real estate has increased in an improving regulatory and legal framework, although India continues to score poorly on market fundamentals and performance measurement.

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