India has improved its ranking to 31st in the Global Real Estate Transparency Index (GRETI) 2024, entering the "transparent" tier for the first time. This progress, driven by regulatory reforms, digitization, and sustainability initiatives, is expected to attract significant global investment. India’s enhanced transparency positions it as a growing real estate hub.
India ranks 31st in the Global Real Estate Transparency Index 2024, marking significant progress in governance and market transparency. Key reforms like RERA, digitization, and climate risk disclosures have improved investor confidence, positioning India as an emerging hub for institutional real estate investment.
Gurugram RERA has introduced a verification system for two-thirds consent on layout changes, ensuring transparency and protecting homebuyers' rights. Developers must verify majority consent before altering plans. This move, effective from January 2025, aims to enhance trust, reduce disputes, and improve accountability in the real estate sector.
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