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Primary cities in India have shown modest improvement in transparency over the past two years, mainly due to advancement in market data availability.
The JLL's eighth Global Real Estate Transparency Index covering 102 markets globally shows that India has shown moderate improvement.
Jeremy Kelly, Director-Global Research, Jones Lang LaSalle, said: ""Progress has nonetheless been the strongest in the Asia-Pacific region, with Indian cities starting to make up for the lost ground against other BRIC markets, where progress has been weaker. We expect momentum in transparency improvements to build over the next two years."
"For example, India is likely to enact the Real Estate Regulation Bill, which seeks to improve regulation over real estate agents and the quality of land registry records. More generally, India could see faster improvement in real estate transparency, with the new government undoubtedly in a stronger position to push through economic reforms," he added.
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