India Excerpts and Perspectives:
Global Real Estate
India has shown solid improvement on the 2020 edition of JLL and LaSalle’s Global Real Estate Transparency Index which covers 99 countries and territories and 163 cities globally. The Index evaluates transparency based on over 200 variables relating to transaction processes, regulatory & legal frameworks, corporate governance, performance measurement, data availability and sustainability. It is a unique benchmark of real estate transparency and a guide for companies operating foreign markets.
The 11th edition of the Index is launched at a time of massive economic and societal disruption. As governments, businesses and communities grapple with the impact of COVID-19, the pandemic has brought the issues of transparency and trust into even sharper focus. The 2020 Index reveals that transparency is progressing across most countries and territories, but overall improvement is the weakest since the period directly following the Global Financial Crisis.
India has registered one of the largest improvements globally and regionally. This improvement is led by the progress in the country’s REIT framework attracting greater interest from institutional investors. India has also edged into the top 20 for Sustainability Transparency through the active role of organizations like the Indian Green Building Council and Green Rating for Integrated Habitat Assessment.
The impact of key reforms and steady improvement in Indian real estate has enthused global investors. Institutional investments have created a new benchmark of USD 5 bn annually in last three years.
Institutional Flow of investment into India Real Estate
Source: JLL Research
Note: Institutional investemnt includes investment made by family offices, foreign banks' real esate investment desks, pension funds, private equity firms, real estate investor-cum-develpoers, sovereign wealth bunds and foregin firms.