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India's legal regulatory framework, professional standards and transaction processes are moving towards greater improvement in overall transparency in the immediate term. In fact the entire Asia Pacific region has shown marked improvements, with more than half of the countries studied in the region moving up the real estate transparency index.

"The global focus on accounting standards has impacted many countries, including those in Asia Pacific. The opening up of many Asian markets to international competition has accelerated both the adoption of global practices and publication of market information in English," notes Dr Jane Murray, Head of Research, Asia Pacific at Jones Lang LaSalle.