Indian real estate sector not yet mature: JLL
Jones Lang LaSalle has stated that real estate industry in India still has a long way to go to be a mature market.
JLL says that compared to Europe or America, India is a strongly developing market in terms of new constructions. However, strong focus has to be laid on licensing, permissions, land purchasing, development activities and initial leasing.
India has to face challenges in transparency matters. The investors need to be assured regarding the rules and restrictions. Government regulations and bureaucracy are sensitive issues that need to be kept in mind along with tackling corruption.
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