Real Estate 149
this book goes to print there are very many state governments which are now,
through GIS and satellite imagery, establishing a computer-based electronic
database of ownership patterns in an attempt to reduce the ambiguity in property
ownership issues.
Regarding market transparency, there is at least one way to compare the
Indian market to real estate markets in other countries. Jones Lang LaSalle,
a leading global real estate services and money management firm, publishes
an index called the Real Estate Transparency Index.
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The index is based on
a survey of Jones Lang LaSalle employees regarding five factors in 56 different
countries. The factors include the following:
• Availability of investment performance indexes
• Availability of market ...