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Real Estate Information Management System

Real Estate Information Management System. Anand Sagar K Deva Pratap Srinivasa Rao G Vijayanand K*. *Department of Computer Science Pondicherry University Pondicherry, India. Department of Civil Engineering National Institute of Technology Warangal, A.P., India.

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Real Estate Information Management System

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  1. Real Estate Information Management System Anand Sagar K Deva Pratap Srinivasa Rao G Vijayanand K* *Department of Computer Science Pondicherry University Pondicherry, India. Department of Civil Engineering National Institute of Technology Warangal, A.P., India.

  2. Real Estate Information Management System Introduction • Home is the dream of everyone. • Finding a better house with optimal cost is both frustrating and time consuming. • To meet such needs of people a system called Real Estate Information Management System (RIMS) was developed.

  3. Real Estate Information Management System Reasons for Choosing a New Home • Job shift • Changes in family conditions • Growing Accommodation requirements • Social status • Comfort

  4. Real Estate Information Management System Factors that influence our choice • Proximity to Education Institutions • Proximity to Bus and Railway stations • Proximity to hospitals • Away from pollution • Lower costs

  5. Real Estate Information Management System RIMS • To find a home acceptable to all family at right place at right cost. • Real estate information management with an appropriate decision support system is necessary.

  6. Real Estate Information Management System Study Area

  7. Real Estate Information Management System StudyArea • Ameerpet – part of Hyderabad City, India • Geographical area 17026’02” N – 17026’40” N 78026’44”E – 78027’16” E • SOI toposheet No - 56 K / 7/ NE • Average Altitude – 1778 feet above mean sea level • Temperature ranges between 11.60 C – 420 C

  8. Real Estate Information Management System Locality Map ofAmeerpet

  9. Real Estate Information Management System Methodology • GIS technology • Multiple criteria evaluation technique • Database Design • Data Analysis • Map Objects software in conjunction with Visual Basic

  10. Real Estate Information Management System Methodology

  11. GIS and Multiple Criteria Evaluation Technique • The MCE technique allows map layers to be weighed according to their importance. • GIS provides the processing capability to assess spatial criteria as part of a MCE procedure • GIS is a suitable computing tool to perform the MCE analysis.

  12. Real Estate Information Management System Linear Weighted Summation Model • Land information is transformed to a set of factors over study area • Factors are combined by applying a weight to each factor • Overlay summation to yield a map • The suitability score ‘S’ is computed as S = O (Ai * Wi) Where “Ai” is the criterion score of factor i “Wi” is the weight factor. .

  13. Real Estate Information Management System Database Design • The foundation of any GIS application is spatial data • Accurate and timely spatial data is critical component of application development in real estate. • The reliability of data correlates directly with value of GIS (“garbage in, garbage out”). • Characteristic of GIS is the linking of attribute tables to digital maps.

  14. Real Estate Information Management System Attribute Information • Market data - historic, current and projected trends of rates at the sub market level. • Descriptive data - name and address of the apartment, owner, type of flat, floor area etc. • Transaction data - property last sold, the buyer , the seller and the selling price etc.

  15. Real Estate Information Management System Classification of Attribute Data

  16. Real Estate Information Management System Data Analysis

  17. Real Estate Information Management System RIMS Interface

  18. Real Estate Information Management System User Preferences

  19. Real Estate Information Management System RESULTS

  20. Real Estate Information Management System Conclusion • Linear combination method is simple and flexible to include spatial modeling in a MCE. • RIMS provides a complete solution for - spatial indexing - selecting and clipping of data - dynamic loading - managing large volumes of information Contd…

  21. Real Estate Information Management System Conclusion • Transportation accessibility become greater contributor to the commercial value of a site. • The flow of geographic information to businesses and consumers lead to more rational land use decisions. • The applied language technologies should be encouraged to efficient services.

  22. Real Estate Information Management System ACKNOWLEDGEMENTS We wish to place on record our gratitude to Dr. V. Upender Reddy, Technical Director, Spatial Infocom, Hyderabad for his critical analysis and fruitful discussion on the topic.

  23. Thank You

  24. Real Estate Information Management System • Real Estate management System (pdf format) • Real Estate management System (Ms word format)

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