[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.|
Here I have important INDIA real estate news to share with you which is as mention under.
MUMBAI: India's real estate sector jumped five spots to rank 34 on JLL and LaSalle's Global
Real Estate Transparency Index (GRETI), an acknowledgement by global investors of the
efficacy of reforms unleashed by the Narendra Modi government, clean market data and
enhanced sustainability initiatives.
In 2014, India had ranked 39 on the index. Since then, the government has implemented
the landmark Real Estate (Regulation and Development) Act, 2016 and Benami Transactions
(Prohibition) Amendment Act, 2016.
"Along with Indonesia, Philippines and Vietnam, we are among the handful of countries that
have seen the maximum improvement owing to positive governmental support and an
enhanced ecosystem of transparency," said Ramesh Nair, CEO, JLL. "In particular, the national
REIT (Real Estate Investment Trust) framework has been a major contributor to transparency
in India, and with ongoing progress and governance, will continue to attract more interest from
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