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Global Real Estate Transparency Index (GRETI)

  • Posted By
    10Pointer
  • Categories
    Polity & Governance
  • Published
    10th Jul, 2020
  • A higher level of transparency in the real estate industry of India has gained an improvement in ranking in the biennial Global Real Estate Transparency Index (GRETI).
  • India ranked 34th in 2020 edition by gaining a significant improvement in ranking as in the 2014 edition.
  • GRETI has citied improvements and reforms such as Real Estate Investment Trust (REIT) framework improved, RERA Act 2016, Benami Transaction Prohibition (Amendment) Act 2016, Goods and Services Tax (GST), etc.
  • About GRETI
    • The Index GRETI has set a unique benchmark in terms of transparency in the real estate market across the globe and has also served as an essential guide for international companies investing & operating in the foreign markets.
    • GRETI is released biennially by the United States-based property and investment management services firm- Jones Lang LaSalle Incorporated (JLL).
    • GRETI was first released in the year 1999.
    • This year marked the 11th edition of GRETI.
    • A total of 163 cities and 99 countries have been covered in the 11th edition of GRETI.


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