Question

What is the India's rank in the $2018$ Global Real Estate Transparency Index(GRETI)?

• A. $35$th
• B. $40$th
• C. $66$th
• D. $27$th

Answer 1

Answer: (A)

$35$th

India has been ranked $35th$ in the $2018$ Global Real Estate Transparency Index (GRETI), according to a report by real estate advisory firm Jones Lang LaSalle Inc. (JLL). The ranking is expected to improve further in the GRETI $2020$ survey, on the back of several government initiatives such as Real Estate (Regulation and Development) Act (RERA), GST and Benami Transactions Act. In it, India’s real estate market is currently placed in the ‘semi-transparent’ zone. According to the survey, UK is at the top position followed by Australia and the US. France, Canada, Netherlands, New Zealand, Germany, Ireland and Sweden are in top $10$ in the list of $100$ countries. The index measures transparency based on factors such as data availability, authenticity and accuracy; governance of public agencies as well as stakeholders of the realty sector; transaction processes and costs associated with those; and the regulatory and legal environment.