India – CommonFloor, a real estate portal for residential homes has come up with India’s first GIS based real estate report which highlights key trends witnessed in real estate market in Chennai City during 2014.
The report provided at “Real Insights 2014: Annual Realty Report” provides analysis on property sizes and prices. Additionally, the report also evaluates the overall rental market (rental yield), top localities based on user preference and fastest moving rental markets as per consumer demand, amongst others. Additionally, the report also highlights the key emerging trends that will shape realty market in 2015.
In a country where spatial analysis is very uncommon, this report is definitely a good sign to see how real estate can embrace GIS.