CommonFloor has come up with a Geographic Information System (GIS) based real estate report which highlights key trends witnessed in real estate market across cities.
GIS offers spatial analysis or spatial statistics—it includes formal techniques which study entities using their topological, geometric, or geographic properties. GIS can be applied in real estate to generate visualized market data.
The application’s focus is not only on analyzing data through this technology but also in forecasting trends in real estate industry by producing data through GIS, says CommonFloor.
“Commonfloor’s introduction of GIS technology in real estate sector signifies their vision of organizing real estate industry through technology and data to enable fulfilling property decisions,” they added.