5 Ways in Which Data Analytics is Contributing to Real Estate Growth in India

Businesses across various industries in India are leveraging big data nowadays. Thanks to data analysis, businesses enjoy streamlined resources management, a rise in operational efficiencies, big development opportunities, accelerated and smart decision-making as well as improved product development among other benefits.

When it comes to the real estate sector, it is no different. More and more companies, investors, sellers as well as buyers are taking to data in a major way to create algorithm models and predictive analytics to eliminate the guesswork. As a result, they are coming up with more accurate predictions. Furthermore, these estimates provide numerous advantages to the stakeholders.

Here are 5 ways, data analytics is contributing to real estate growth in India:

Digitizing & Automating Real Estate Evaluation

Today, the biggest deal-breaker in the real estate sector would be the price. The present rate or the estimated price in the future of the property assists in determining if it will be the correct investment or not. With the help of real estate data analysis, models can be built using ML algorithms to assess the valuation of any property based on historically relevant details such as the age of the property, location and condition. It can deliver an evaluation within a few seconds for overall consideration.

Optimizing the Buyer-Selection Process

Real estate data analytics India can not only assist you to determine the worth of your property, but it also can aid you to seek the right people who are more likely to be interested in a particular property based on their preferences, location, budget and so forth. Data captured by the buyers can be used to recommend properties that cater to their requirements the most. Similarly, real-estate firms can acquire the information of the buyers who are the correct profile for their offerings, so they can invest the optimum amount of time and energy in potential buyers who are the most serious.

Evaluating & Observing Market Trends

Today, to continue a real-estate business, it is necessary to have the correct understanding of every feature that plays a key role in estimating a property’s value. With the increasing factors, it is very significant to keep up to date and understand all the moves your competitors are making. Data Analytics in India becomes very important in assessing and checking the market trends and comprehending the impact of other factors on real-estate expenditures.

Understanding Patterns to Expect Future Development:

Unlike retail, real estate does establish a specific pattern in its development that typically compliments the local trends, economic stability, demographics, government policies, provisions/subsidies around purchasing real estate, interest rates, and so forth. By making use of data analytics, all these together echo the correlation with the price and aid in uncovering the patterns that assist in estimating the future development of real estate.

Increasing Profits & Decreasing Overall Development Expenses:

Real-estate firms invest their money in land acquisition and then development. Data analytics provides visibility into the valuation of the land to make sure they purchase the land at an optimal rate and development cost can also be managed by tracing how much raw material is required to construct any building space by evaluating the historical data to reduce the wastage which leads to an optimized cost of development. Thanks to the help of data analytics, real-estate firms can predict the value of the property and can sell accordingly to ensure augmented returns on every sale.

CRE Matrix is a leading real estate data analytics company in India. They make use of data analytics to help stakeholders across different industries make well-informed business decisions.

For more such exciting analysis and details on real estate, visit CRE Matrix.

How can CRE Leases Help Companies Keep Track of Leasing Trends?

The commercial real estate sector in India is huge. As more and more startups are emerging, it has increased a need for more and more office space. This has led to an increasing number of businesses taking up more commercial space for leasing. Considering how important leasing is for a business and the revenue it can generate, it is extremely vital for companies to keep track of leasing trends of various brands and organizations across industries.

This is where a firm such as CRE Matrix can hugely benefit. It is a leading real estate data analytics company India that allows stakeholders from various industries to view and compare crucial lease-related data that can prove to be immensely useful for making informed decisions about their businesses. CRE Matrix offers various tools – for both commercial & residential. One of the platforms that companies can use to understand more about the leasing trends of the market and compare their performance with their competitors is CRE Leases.

Let’s talk a little bit about CRE Leases and how this tool can help businesses comprehend the newest leasing trends.

What are CRE Leases?

CRE Leases is a tool offered by CRE Matrix that can aid companies and brands to understand a little about the leasing trends in the market today in this country with respect to offices, warehouses, retail, and so forth.

How Do CRE Leases Work?

The client can seek leasing data from the number of filter buttons available. Some of the important ones are:

Lease Status: Here, you can select the status of your lease or the status of the lease you wish to view. The options that you can choose from are: active, inactive, active due to renewal, active as co-working and in-active as co-working.

MacroMarket: Once you have chosen the market, you need to select the macromarket. For e.g.: If you have selected Mumbai as your market, then the macromarket can be Central Suburbs, Western Suburbs etc.

MicroMarket: After you have chosen the market, you need to proceed to pick the micromarket. For e.g.: If you have chosen Mumbai as your market, then the micromarket can be Andheri (E) or Borivali (W).

Grade: Here you can choose the grade of the building. For e.g.: Grade A, B, C, shopping mall, 3 star, 5 star and so forth.

Area Leased: In this filter, you can select the range of the area that has been leased.

Tenant: You can choose the tenant whose details you wish to view.

Landlord: You can select the landlord whose information you wish to take a look at.

Agreement Type: Here, you can pick the kind of leasing agreement you have been seeking. For e.g.: Lease Deed, Leave and License, Transfer Deed and so forth.

Lock-In Period: In this filter, you can select the duration of the lock-in period.

Rent-Free Period: Here, you can choose the start and the end range of the rent-free period.

Security Deposit: You can select the range of the security deposit in this specific filter.

To sum up, the above-mentioned filters are just some of the many options available for you to get lease data of a number of companies across industries. There are many other filters available that can give you the complete picture of the information you’re seeking.

CRE Leases is a comprehensive and robust offering, powered by CRE Matrix, which allows you to compare crucial leasing data. Trends and patterns emerge from the vital information provided.

If you wish to be the recipient of significant lease information, do subscribe by visiting CRE Matrix.

Real Estate 101 – A to Z about the 99-year Lease Concept in India

In the Indian real estate sector, the concept of ‘freehold property’ and ‘leasehold property’ are a couple of the common jargon that one usually comes across regularly. When it comes to freehold property, the development authorities use the auction to sell the land to the developer. The property was constructed for such land and belongs to the owner for an unspecified amount of time. As for leasehold property, the developer can acquire the property via a lease for 30 to 99 years, from the time the construction commences. 

What is the 99-Year Lease Concept?

The landowner allows the land for lease for 99 years which commences from the date the allotment was conducted. The developer will have to abide by the specific terms and conditions of the government and the landowner for the lease. The developer is allowed to construct the property and put it up for sale. The buyer will be the owner for 99 years after which the landowner can assert ownership of the land again. The landowner is also given some ground rent which has been approved by both parties. 

The property owner can look at extending the lease by the lease renewal at the end of the term. The leasehold property can also be turned into freehold property by paying the fee for it. Moreover, it is also possible for property owners to purchase another lease when the original lease ends or even extend it to 999 years. 

Other than India, the concept of the lease being 99 years is also a globally-accepted concept. As per the conventional American common law, it is a subjective period to encompass the life expectancy of any lessee or lessor and safeguard the property ownership of the lessor. Moreover, the duration of 99 years is believed to include not one but three generations. 

Pointers about 99-Year Concept 

  • Numerous authorities provide land to develop apartment projects but only on a leasehold basis.
  • It is possible to lengthen the lease duration to 999 years by paying a fee. 
  • On buying a leasehold property, the home buyers need to verify whether the seller has been provided with a transfer memorandum from the local development authority. 
  • Developers choose to erect flats on leasehold lands since the expenses of such parcels are lesser when compared to freehold lands. 
  • Banks do not favor funding the purchase of a leasehold property, particularly when the remaining lease duration is lesser than 30 years. The value of such properties also drops down as the end of the lease period looms ahead.
  • The main benefit of buying a leasehold property is the rate, which is usually lower than properties that were constructed on freehold land. 

CRE Matrix is India’s leading real estate data analytics company in India. The firm offers significant crucial data in the commercial and residential real estate arena through its various tools and resources. 

For more such exciting analysis and details on real estate, visit CRE Matrix.