India's Real Estate Gains Global Transparency Recognition

India's real estate market has taken a significant leap forward, earning recognition as a transparent market in the Global Real Estate Transparency Index (GRETI) 2024 by JLL. This marks a turning point for the industry, which has long been seen as complex and opaque internationally. 

Impact of this on the real estate in Noida micro markets.

Delhi NCR’s real estate market is set to benefit significantly from this newfound transparency recognition. The region's micro markets, like Noida-Greater Noida Expressway, already a hub for both residential and commercial investments, are likely to see increased investor confidence and more competitive pricing, further solidifying Delhi NCR’s position as a prime destination for real estate growth in India.

What is JLL’s Global Real Estate Transparency Index?

Global Real Estate Transparency Index (GRETI) is a global research report conducted by JLL every two years. The report benchmarks nations against various criteria such as the availability of market data, the clarity and enforcement of property laws, the transparency of transaction processes, corporate governance standards, and sustainability practices. GRETI gathers data through surveys and feedback from industry stakeholders, including real estate developers, buyers and sellers, and regulating authorities. The report then ranks first 14 nations as Highly Transparent. Followed by other nations as Transparent, Semi Transparent, Low and Opaque in order.             

What has changed?

The GRETI 2024 is the 13th edition of this report, containing 256 individual indicators to assess market transparency across 89 countries. Until GRETI 2018, Indian real estate markets fell under semi-transparent category. Over the last 6 years India has consistently improved its ranking. India has acquired top rank among the most improved nations in both GRETI 2022 and 2024 reports. 

As per GRETI 2024 report, India is now rated as transparent. Additionally, Indian real estate is now ranked 12th for market fundamentals. This achievement can be attributed to the rise in institutional participation, adoption of best industry practices, growth of the REIT market, regulatory enhancements, digital land registry implementation, and green initiatives.

Why Does This Matter?

For anyone involved in real estate—be it buyers, sellers, developers, or investors—transparency is key. It reduces risks, builds trust, and creates a more stable market environment. For international investors, this means that India is becoming a more attractive destination, as they can navigate the market with confidence, knowing that information is reliable, and the legal framework is robust.

Moreover, as the market becomes more transparent, it opens opportunities for new players, innovations, and perhaps even more competitive pricing. The future looks promising for real estate investments, but it will require the combined efforts of the government, private sector, and consumers to keep this momentum going.