The toughest of problems have the simplest of solutions. The threat of an acute space crunch and the lack of monetary assets in the property market are a cause of worry to Indian real estate experts. Housing.com’s Data Science Lab has decided to hack the problem at its root: the inefficient usage of limited resources. DSL’s latest brainchild, the Real-Time Demand-Supply Monitoring Tool, has been designed with the aim of helping Indian real estate optimize its resources.
What is it? - The Real-Time Demand-Supply Monitoring tool is an elegant, map based, beautiful, colour coded visual representation of the result of demand and supply interaction in the property market. Localities that show a dearth in demand have been highlighted in varying shades of blue, while those in need of supply have been denoted in yellow and red. Ideal localities with a balanced market have been displayed in green. The aim is to flaunt all cities in hues of green.
Why now? - For the first time ever, this data has been thrown open to the public. It had been the privilege of real estate firms and banks till date. Living up to its ideal of transparency and authentic information, the company has decided to make it public. This data has been fueling the mechanism of marketing, sales and operations at Housing.com.
How it is used? - Should there be an imbalance in a particular locality, the company will begin efforts to rectify its working. If there is high demand for a particular configuration (For example, Furnished 2 BHK in Bandra), the Operations and Sales teams are alerted to arrange for more inventory in that locality. Should supply exceed demand in an area, Housing drives demand into micro markets using BTL activities.
Quote - Says Co-founder and Head of Data Science Lab, Abhimanyu Dhamija, “A classified platform’s job is to optimize demand and supply and we were shocked when we realized that no one has been working in that direction. The Real-Time Demand-Supply Monitoring Tool is easy to understand real estate indicators for the common man.”
What next? - This is just the beginning. Data Science Lab has an immense reservoir of impactful data, and is eager to mould it into effective tools for buyers and sellers alike. Housing works for the people. And that, is the mantra behind its success.
housing.com/dsl/demand-delhi,
housing.com/demand-bangalore,
housing.com/dsl/demand-kolkata and so on.
In this regard, if you have any further queries, please let us know, we shall connect you with Mr. Advitiya Sharma, Co-founder, Housing.com
What is it? - The Real-Time Demand-Supply Monitoring tool is an elegant, map based, beautiful, colour coded visual representation of the result of demand and supply interaction in the property market. Localities that show a dearth in demand have been highlighted in varying shades of blue, while those in need of supply have been denoted in yellow and red. Ideal localities with a balanced market have been displayed in green. The aim is to flaunt all cities in hues of green.
Why now? - For the first time ever, this data has been thrown open to the public. It had been the privilege of real estate firms and banks till date. Living up to its ideal of transparency and authentic information, the company has decided to make it public. This data has been fueling the mechanism of marketing, sales and operations at Housing.com.
How it is used? - Should there be an imbalance in a particular locality, the company will begin efforts to rectify its working. If there is high demand for a particular configuration (For example, Furnished 2 BHK in Bandra), the Operations and Sales teams are alerted to arrange for more inventory in that locality. Should supply exceed demand in an area, Housing drives demand into micro markets using BTL activities.
Quote - Says Co-founder and Head of Data Science Lab, Abhimanyu Dhamija, “A classified platform’s job is to optimize demand and supply and we were shocked when we realized that no one has been working in that direction. The Real-Time Demand-Supply Monitoring Tool is easy to understand real estate indicators for the common man.”
What next? - This is just the beginning. Data Science Lab has an immense reservoir of impactful data, and is eager to mould it into effective tools for buyers and sellers alike. Housing works for the people. And that, is the mantra behind its success.
Links:
housing.com/dsl/demand-mumbai,housing.com/dsl/demand-delhi,
housing.com/demand-bangalore,
housing.com/dsl/demand-kolkata and so on.
In this regard, if you have any further queries, please let us know, we shall connect you with Mr. Advitiya Sharma, Co-founder, Housing.com
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