Real estate transparency in India better

Real estate markets around the world have become increasingly transparent over the past two years, driven by the rise of cross-border investment opportunities and multinational occupiers. And India together with Japan has emerged as a significant mover in transparency, Jones Lang LaSalle points out in its 2006 Real Estate Transparency Index, a study of real estate market transparency in 56 countries and territories worldwide.

India's improvement from low transparency to semi-transparent on the index was helped by the availability of market information, improved general accounting and reporting processes, and substantial improvement among market participants about the legal process that relate to contract enforcement and legal relief.

Source: http://www.thehindubusinessline.com/2006/08/18/stories/2006081803170900.htm