Realtycompass.com, the country’s first project search engine, has inked an agreement on data sharing with the Indian Institute of Management Bangalore’s real estate research initiative.
As part of the agreement, realtycompass.com will provide subsidized access to details of new projects at various stages of construction in Bengaluru to IIMB’s Real Estate Research Initiative — CRERI — for research purposes. CRERI constantly strives to promote transparency in the real estate sector, especially in the discovery of true market prices of properties. Last year, CRERI had launched iboughtproperty.com, a platform which successfully crowd sourced information about transaction prices of properties in Bangalore.
“Realtycompass.com’s focus on new developments in the city perfectly matches our current research requirements,” said Dr. Venkatesh Panchapagesan, who leads CRERI at IIM Bangalore. Data aggregation and analysis in this rapidly growing industry leads to valuable insights that assist both in public policy making and in providing analytic insights for consumers.
CRERI’s research interests currently span diverse areas such as affordable housing, housing supply demand and pricing analytics, creating housing indices and real estate related financial products including REITs.
“The data sharing agreement with IIM Bangalore is a validation of high quality data for new projects on our site,” said Nimesh Bhandari, co-founder & CEO at realtycompass.com
www.realtycompass.com, is web 2.0 startup started by IIM, IIT, MIT and CA alumni. It is India’s first Project Search Engine with lets consumer Search, Compare & Research all the new projects in the city. Its comprehensive listing helps the end consumers avoid the hassle of running from pillar to post for searching their home.
RealtyCompass.com has the largest inventory of new real estate projects in Chennai, Bangalore, Hyderabad & Coimbatore. Their Project Search Engine, enables people to Search, Compare & Analyze about all new projects in the city. The Engine also gives a detailed comparison of similar projects based on the project user is viewing.
IIMB-Century Real Estate Research Initiative was incubated in 2012 and is one of the first research initiatives to be set up with the primary motivation of advancing research on the Indian real estate sector. Aside of research, the initiative also aims to become a data and knowledge repository and to promote transparency in the real estate sector. The initiative is also involved in developing training and building capacity across different levels in this growing sector. Some of the projects that the researchers of the initiative are currently involved include crowd sourcing for data to improve transparency, innovative ways to promote affordable housing, land titling and digitization of land records, development of key pricing indices and model-based estimation of supply and demand analysis in real estate. For more details, please contact [email protected]