India's improved real estate transparency? Top Chicago firm's ranking based on land law Modi wants to scuttle

By A Representative
A top Chicago-based real top consultancy firm has praised the Narendra Modi government for improving India’s Global Real Estate Transparency Index (GRETI) ranking to the 36th position this year from the 40th in 2014 on the basis of the “proactive measures” to increase transparency in the real estate sector through an Act, which it wants to scuttle.
The 36th position is for Tier 1 cities, with a population of 100,000 or more. It is 39th position for Tier 2 cities (with a population between 50,000 and 99,000), and 52nd for Tier 3 cities (with a population between 20,000 and 49,999. While for Tier 2 cities there is an improvement by three ranks, for Tier 3 cities, the ranking has gone down by two points (see chart).
In India, the Jones Lang LaSalle (JLL) report says, “Land records have started to be digitised and made available via an online database, while the Land Acquisition, Rehabilitation and Resettlement Act has simplified procedures for acquiring land and determining fair compensation to sellers.”
Though passed by the last UPA government in 2013, ironically, the firm says, the law was enacted in 2014, but refuses to recall Modi efforts to scuttle it through repeated ordinances in 2014-15. The Act, as passed in 2013, has been under unprecedented criticism from the corporate sector and its supporters, who believe call it the main hurdle in “developing” industrial projects because of its clauses of consent and social impact assessment.

Worse, refusing to recall the year when the Act was passed, Anuj Puri, chairman and country head, JLL India, says, India “moved up by four ranks thanks, in large part, to the Modi government’s aim to stimulate growth and reduce red tape”, adding, this was aided by “improved market fundamentals” and “policy reforms like Land Acquisition Act.”
Titled “Global Real Estate Transparency Index, 2016: Taking Real Estate Transparency to the Next Level”, the report says, India remains in the “semi-transparent category”, adding, “The Anglosphere continues to dominate the ‘Highly Transparent’ group – the United Kingdom (1st), Australia (2nd), Canada (3rd) and the United States (4th) hold the top positions.”
Pointing out that top 10 ‘Highly Transparent’ countries account for 75% of global real estate investment, the report basis its analysis on factors such as high-quality accessible market data, fair transaction processes, strong corporate governance, stringent regulatory enforcement, clarity of property ownership, high ethical standards, green building regulations, and so on.
In all covering 109 countries worldwide, while the survey does mention the Real Estate (Regulation and Development) Act, 2016 as a measure to help improve real estate transparency, it insists, India “should provide more buyer protection and an equitable platform to resolve disputes.”
The Real Estate Act 2016, it is well known, makes it mandatory for project developers to register with the Real Estate Regulatory Authority (RERA). Based on Real Estate Regulatory Authority (RERA) Bill 2013, it obliges the builder to quote prices based on carpet and not super built-up area.
The report wants India to further improve its “regulatory reforms” essential for further progress, saying “Our survey reveals that among the ‘semi-transparent’ group (in which India is among the very top) there is a notable disconnect between the existence of regulations and actual enforcement – particularly in land use planning, contracts and building codes.”

Comments

Academics urge Azim Premji University to drop FIR against Student Reading Circle

By A Representative A group of academics and civil society members has issued an open letter to the leadership of Azim Premji University expressing concern over the filing of a police complaint that led to an FIR against a student-run reading circle following a recent incident of violence on campus. The signatories state that they hold the university in high regard for its commitment to constitutional values, critical inquiry and ethical public engagement, and argue that it is precisely because of this reputation that the present development is troubling.

Was Netaji forced to alter face, die in obscurity in USSR in 1975? Was he so meek?

By Rajiv Shah This should sound almost hilarious. Not only did Subhas Chandra Bose not die in a plane crash in Taipei, nor was he the mysterious Gumnami Baba who reportedly passed away on 16 September 1985 in Ayodhya, but we are now told that he actually died in 1975—date unknown—“in oblivion” somewhere in the former Soviet Union. Which city? Moscow? No one seems to know.

UAPA action against Telangana activist: Criminalising legitimate democratic activity?

By A Representative The National Investigation Agency's Hyderabad branch has issued notices to more than ten individuals in Telangana in connection with FIR No. RC-04/2025. Those served include activists, former student leaders, civil rights advocates, poets, writers, retired schoolteachers, and local leaders associated with the Communist Party of India (CPI) and the Indian National Congress.

The ultimate all-time ODI XI: A personal selection of icons across eras

By Harsh Thakor* This is my all-time best XI chosen for ODI (One Day International) cricket: 1. Adam Gilchrist (W) – The absolute master blaster who could create the impact of exploding gunpowder with his electrifying strokeplay. No batsman was more intimidating in his era. Often his knocks decided the fate of games as though the result were premeditated. He escalated batting strike rates to surreal realms.

Swami Vivekananda's views on caste and sexuality were 'painfully' regressive

By Bhaskar Sur* Swami Vivekananda now belongs more to the modern Hindu mythology than reality. It makes a daunting job to discover the real human being who knew unemployment, humiliation of losing a teaching job for 'incompetence', longed in vain for the bliss of a happy conjugal life only to suffer the consequent frustration.

Aligning too closely with U.S., allies, India’s silence on IRIS Dena raises troubling questions

By Vidya Bhushan Rawat* The reported sinking of the Iranian ship IRIS Dena in the Indian Ocean near Sri Lanka raises troubling questions about international norms and the credibility of the so-called rule-based order. If indeed the vessel was attacked by the American Navy while returning from a joint exercise in Visakhapatnam, it would represent a serious breach of trust and a violation of the principles that govern such cooperative engagements. Warships participating in these exercises are generally not armed for combat; they are meant to symbolize solidarity and friendship. The incident, therefore, is not only shocking but also deeply ironic.

Asbestos contamination in children’s products highlights global oversight gaps

By A Representative A commentary published by the International Ban Asbestos Secretariat (IBAS) has drawn attention to the challenges governments face in responding effectively to global public-health risks. In an article written by Laurie Kazan-Allen and published on March 5, 2026, the author examines how the discovery of asbestos contamination in children’s play products has raised questions about regulatory oversight and international product safety. The article opens by reflecting on lessons from the COVID-19 pandemic, noting that governments in several countries were slow to respond to early warning signs of the crisis. Referring to the experience of the United Kingdom, the author writes that delays in implementing protective measures contributed to “232,112 recorded deaths and over a million people suffering from long Covid.” The commentary uses this example to illustrate what it describes as the dangers of underestimating emerging threats. Attention then turns...

The kitchen as prison: A feminist elegy for domestic slavery

By Garima Srivastava* Kumar Ambuj stands as one of the most incisive voices in contemporary Hindi poetry. His work, stripped of ornamentation, speaks directly to the lived realities of India’s marginalized—women, the rural poor, and those crushed under invisible forms of violence. His celebrated poem “Women Who Cook” (Khānā Banātī Striyāṃ) is not merely about food preparation; it is a searing indictment of patriarchal domestic structures that reduce women’s existence to endless, unpaid labour.

India’s foreign policy at crossroads: Cost of silence in the face of aggression

By Venkatesh Narayanan, Sandeep Pandey The widely anticipated yet unprovoked attack on Iran on March 1 by the United States and Israel has drawn sharp criticism from several quarters around the world. Reports indicate that the strikes have resulted in significant civilian casualties, including 165 elementary school girls, 20 female volleyball players, and many other civilians.

Search This Blog