JLL says India’s Real Estate Market Transparency among Most-Improved Globally
India’s real estate market transparency is among the top-10 most-improved markets globally, according to JLL’s 2022 Global Real Estate Transparency Index (GRETI). The improvement in India is on the back of digitisation and data availability for transaction processes in addition to overall market fundamentals, JLL said in a statement.
It added, “India’s improvement in transparency is reinforced by increased institutional investment and the growing numbers of real estate investment trusts (REITs) helping to broaden market data and bring more professionalization to the sector to complement regulatory initiatives like the Model Tenancy Act and digitisation of land registries and market data, such as through the Dharani and Maha RERA platforms.”
JVLR under the Real Estate Spotlight with Infra Boom
The coastal city of Mumbai has been witnessing an infrastructural boom. The proposed 8 - lane 29.2 km long coastal road on the Western Express highway will connect Marine Lines in the south to Kandivali in the north. This road will help decongest the area and bring about improved connectivity as a ring road.
The proposed infrastructural developments are expected to aid the city’s real estate possibilities. JVLR (Jogeshwari-Vikhroli Link Road) is one of most sought-after locations. It is a vital connecting road offering east-west connectivity. In the present day, JVLR enjoys an established social infrastructure with schools, hospitals and other lifestyle avenues. This road’s strategic location at the junction of metro lines 6 and 7 brings out its connectivity potential to some of the most prominent parts of Mumbai. While JVLR widening is in the pipelining for smoother traffic movement, the upcoming Goregaon Mulund Link Road is expected to further ease the traffic load on JVLR.
