Global Real Estate Transparency Index (GRETI)
- Posted By
10Pointer
- Categories
Polity & Governance
- Published
10th Jul, 2020
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- 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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