Real Estate Transparency in India and China
Over the last two years, both India and China have markedly advanced in real estate transparency. According to the Real Estate Transparency Index published by the esteemed professional services firm, Jones Lang LaSalle, these two nations, along with Vietnam, represent the significant improvements in Asia-Pacific's real estate transparency.
This comprehensive index, devised to assess the levels of real estate transparency across eighty-two markets worldwide, uncovers that almost half of those surveyed in 2006 showcased notable enhancement in their transparency scores over the next couple of years.
In the recent evaluation, India's emerging real estate cities fall within the semi-transparent bracket, paralleled by China's Tier 1 Cities. This categorization is part of a trio of levels established in the index, which are the highly transparent, semi-transparent, and transparent ones. Furthermore, India's Tier III cities have shown significant progress and have now entered the low transparent level, associating with the Tier II and Tier III cities of China.
China has notably taken the lead in improving its transparency level, transitioning into the semi-transparent level and now surpassing India in the transparency scale.