Authors: Prof. Vaishali Hatkar, Mr. Prajwal Rambhau Kumbhar
DOI Link: https://doi.org/10.22214/ijraset.2024.60002
Certificate: View Certificate
This system will provide facility to the user to search Residential and Commercial property and view property. This system will provide facility to view the property by admin and user. User will able to upload the property information to the site and able to manage it. This system will provide facility to the user to fill up their requirement and according to their Requirement Admin can add the Requirement property. This system will provide facility to the user to publish advertise to the Site and view. This system will provide facility to the user to feedback to the site. The system\'s key features include an intelligent property listing module that allows real estate agents to create and update property listings with detailed descriptions, images, and pricing information. This article studies the importance of establishing a real estate information system in the real estate market. A web application and an Android mobile application allow different types of registered users to access the REMS. The mobile based application is proposed for collecting house and land data with geographical position at the real place. Meanwhile, the web application is created to handle the backend services, and provides all functions of the property management. The evaluation of user satisfaction shows that our proposed system is practically used and satisfied.
I. INTRODUCTION
The internet is frequently used to share land listings with prospective purchasers. Whether the listing is provided by a real estate agent, a local newspaper, or a website specifically designed to host the listing, the components of sharing the information are the same. This project aims to provide a comprehensive solution for managing various aspects of real estate properties, facilitating efficient operations, and maximizing returns for property owners and managers. In this introduction, we will outline the key objectives, features, and benefits of our real estate System project. In the process of rapid social and economic development, housing as a household item for residents, its development speed is also accelerating. Real Estate Management System (REMS) is an online real estate software application that manages the overall operational activities and processes, starting from the management of the property, to the management of real estate agencies, agents, clients and financial transactions. It provides comprehensive reports for managing the Real Estate agency performance and efficiency, and enables the management for a better decision-making.
A. Why is Real Estate Management System Important?
II. OBJECTIVES
By leveraging technology, we aim to provide a centralized platform that simplifies property management tasks, enhances communication and collaboration, and enables datadriven decision-making. Handle details for rent and sale of property from clients.Carry out data analysis and statistical inference.
Allow different departments of a branch to access specific files through application programs designed specially for them.
III. METHODOLOGY
The methodology of a real estate management system typically involves a systematic approach to developing and implementing the system. Here is an overview of a typical methodology for a real estate management system:
IV. PROBLEM STATEMENT
V. SCOPE
VI. FEATURES
A. Real estate end-to-end Solution
An end-to-end real estate solution provides seamless integration to manage land banking, project conceptualization, construction, inventory management, sales and booking, contracting, online document management, billing and collection, broker management, taxes and titling, and turn-over and move-in.
B. Accounts Monitoring, Customer Ledger Generation and Income Recognition
The thrust of a real estate company is to serve its customers by providing a 360-degree view of each customer’s transactions. There must be an efficient management and monitoring of customer accounts through the use of customer ledger and comprehensive collection/cashiering screens that adhere to the International financial reporting standards of income recognition.
C. Financial System for Real Estate
With the mandate of regulatory agencies, a fully compliant financial system is necessary for real estate companies to prevent heavy imposition of penalties and inconvenience to both the sellers and buyers. The financial system must have complete accessibility to create, generate and publish financial statements, variance analysis, performance management reports and dashboards, and other statutory and management reports.
D. Project Management System
With exacting features in project budget, construction stages and activities, project calendar and construction timelines, and percentage of completion or project progress, the project management system will deliver a cost-effective and timely completion of the projects.
E. Customer, broker and Vendor Engagement
A critical function that provides a holistic approach in promoting the continuing relationship with customers, vendors and brokers by providing interactive communication thru the online system offering ready access to information.
By having these top five features as the foundation of a mission critical system addressing the demands and challenges of the real estate industry, upward trend will continue, growth will be realized, and success will be inevitable.
VII. LITERATURE REVIEW
Emerging Trends in Real Estate Management Systems: - Artificial Intelligence (AI) and Machine Learning (ML): AI and ML technologies are being integrated into real estate management systems for tasks like predictive analytics, automated property valuation, and chatbotbased customer support. - Technology is explored for secure and transparent property transactions, smart contracts, and property ownership verification. - Sustainability and Energy Efficiency: Real estate management systems are incorporating features to monitor and optimize energy consumption, support green building practices, and comply with sustainability regulations.
Real estate management systems important topics in the field of web development. Real estate management systems can help property managers and real estate agents manage their properties and listings more efficiently, is a popular choice for developing web applications due to its simplicity and flexibility. The literature review highlights the importance of these topics and provides insights into the benefits and limitations of using real estate management systems for web development. The Real Estate Management System enhances efficiency and convenience for both users and administrators. Users can easily find properties that meet their requirements, view their details, and make bookings with a few clicks. Admins can efficiently manage property listings, track bookings, and ensure smooth operations.
[1] Deepika S., Jeyabharathi G., & Mrs. S.Kulandai Teresa. (2022). REAL ESTATE MANAGEMENT SYSTEM. Galaxy International Interdisciplinary Research Journal, 10(6), 108–112. [2] Retrieved from https://internationaljournals.co.in/index.php/giirj/article/view/2085 [3] https://issuu.com/readymadeacademicprojects/docs/real_estate_management_system [4] https://www.smartsheet.com/real-estate-project-management [5] Li Qingqi. Analysis of Loudi Real Estate Information System Based on Big Data Technology. Management and Technology of Small and Medium Sized Enterprises (Late Edition), 2020(10). [6] D.L.,DRAGUSIN M., PETRESCU R.M., IOSIF A.E. 2012. The effective management of municipal real property. The question of services for the business use of real property.AMFITEATRUECONOMIC, 2012, Vol. 14. [7] Dijkstra, M. (2017). Blockchain: Towards disruption in the real estate sector. An Exploration on the Impact of Blockchain Technology in the Real Estate Management Process, University of Delft, Delft. [8] Caprotti, F., &Liu, D. (2019). Emerging platform urbanism in China: reconfigurations of data. citizenship and materialities ,30(6):1095-1098. [9] Gohwong, S. G. (2018). The State of the Art of Cryptocurrencies. Asian Administration & Management Review, 1(2):1-16. [10] Spielman, A. (2016). Blockchain: digitally rebuilding the real estate industry. Doctoral dissertation, Massachusetts Institute of Technology. [11] Karamitsos, I., Papadaki, M., & Al Barghuthi, N. B. (2018). Design of the Blockchain smart contract: a use case for real estate. Journal of Information Security, 9(03):177-190. [12] Nakamoto, S. (2008). Bitcoin: A peer-to-peer electronic cash system. http://bitcoin.org/bitcoin.pdf.
Copyright © 2024 Prof. Vaishali Hatkar, Mr. Prajwal Rambhau Kumbhar. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Paper Id : IJRASET60002
Publish Date : 2024-04-08
ISSN : 2321-9653
Publisher Name : IJRASET
DOI Link : Click Here