Global Real Estate Transparency Index (GRETI)

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.