Feasibility of Using Information in Real Estate Regulatory Authority Database as Urban Land Data Repository

<p>The problem with the Indian real estate industry was of the lack of information and data, as well as a coherent and credible location for accessing the data. Another issue that plagued the sector until recently was that the market was unregulated, in which malpractices were rife. The Real E...

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Main Authors: Siddhant Agarwal, Triveni Prasad Nanda, Reema Bali, Aparna Soni
Format: Article
Language:English
Published: center for sustainable infrastructure development 2021-05-01
Series:CSID Journal of Infrastructure Development
Subjects:
Online Access:http://jid.eng.ui.ac.id/index.php/journal/article/view/208
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spelling doaj-572d57413c7f4fb3a3ade2a2257263152021-05-30T13:15:40Zengcenter for sustainable infrastructure developmentCSID Journal of Infrastructure Development2407-44382407-59572021-05-014112213810.32783/csid-jid.v4i1.20867Feasibility of Using Information in Real Estate Regulatory Authority Database as Urban Land Data RepositorySiddhant Agarwal0Triveni Prasad Nanda1Reema Bali2Aparna Soni3RICS School of Built Environment, Amity University Uttar PradeshRICS School of Built Environment, Amity University Uttar PradeshRICS School of Built Environment, Amity University Uttar PradeshSchool of Planning & Architecture, Bhopal<p>The problem with the Indian real estate industry was of the lack of information and data, as well as a coherent and credible location for accessing the data. Another issue that plagued the sector until recently was that the market was unregulated, in which malpractices were rife. The Real Estate Regulation Act 2016 enacted by the government was a gamechanger in the real estate sector to address these issues. With the regulator coming into play, the consumers could access much information collated and make an informed decision. However, there are still several issues persists, such the credible and quick data access, complex coordination of records and approvals among multiple government departments and statutory bodies, and data not updated promptly. Therefore, this study aims to check the feasibility of an Urban Land Data Repository, drawn from the Real Estate Regulation Act 2016, by taking into account Indian four states of Uttar Pradesh, Madhya Pradesh, Haryana, and Maharashtra to identify potential data points for the proposed repository. The paper details the data points and the rationale for taking them, closing with an analysis of the current data availability for the proposed repository through this policy analysis paper.</p>http://jid.eng.ui.ac.id/index.php/journal/article/view/208real estate regulation act, standardization, urban land use data
collection DOAJ
language English
format Article
sources DOAJ
author Siddhant Agarwal
Triveni Prasad Nanda
Reema Bali
Aparna Soni
spellingShingle Siddhant Agarwal
Triveni Prasad Nanda
Reema Bali
Aparna Soni
Feasibility of Using Information in Real Estate Regulatory Authority Database as Urban Land Data Repository
CSID Journal of Infrastructure Development
real estate regulation act, standardization, urban land use data
author_facet Siddhant Agarwal
Triveni Prasad Nanda
Reema Bali
Aparna Soni
author_sort Siddhant Agarwal
title Feasibility of Using Information in Real Estate Regulatory Authority Database as Urban Land Data Repository
title_short Feasibility of Using Information in Real Estate Regulatory Authority Database as Urban Land Data Repository
title_full Feasibility of Using Information in Real Estate Regulatory Authority Database as Urban Land Data Repository
title_fullStr Feasibility of Using Information in Real Estate Regulatory Authority Database as Urban Land Data Repository
title_full_unstemmed Feasibility of Using Information in Real Estate Regulatory Authority Database as Urban Land Data Repository
title_sort feasibility of using information in real estate regulatory authority database as urban land data repository
publisher center for sustainable infrastructure development
series CSID Journal of Infrastructure Development
issn 2407-4438
2407-5957
publishDate 2021-05-01
description <p>The problem with the Indian real estate industry was of the lack of information and data, as well as a coherent and credible location for accessing the data. Another issue that plagued the sector until recently was that the market was unregulated, in which malpractices were rife. The Real Estate Regulation Act 2016 enacted by the government was a gamechanger in the real estate sector to address these issues. With the regulator coming into play, the consumers could access much information collated and make an informed decision. However, there are still several issues persists, such the credible and quick data access, complex coordination of records and approvals among multiple government departments and statutory bodies, and data not updated promptly. Therefore, this study aims to check the feasibility of an Urban Land Data Repository, drawn from the Real Estate Regulation Act 2016, by taking into account Indian four states of Uttar Pradesh, Madhya Pradesh, Haryana, and Maharashtra to identify potential data points for the proposed repository. The paper details the data points and the rationale for taking them, closing with an analysis of the current data availability for the proposed repository through this policy analysis paper.</p>
topic real estate regulation act, standardization, urban land use data
url http://jid.eng.ui.ac.id/index.php/journal/article/view/208
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