Digital Mapping and Real Estate 

Posted by: IIPS Category: Daily Insights Tags: Comments: 0


Making decisions in real estate, whether buying or selling property, renting out office space or installing solar panels, everything needs necessary information, which is heavily dependent upon antiquated manual processes. However, after the adoption of technology and the Digital Mapping in the real estate sector, the needed information is now available on a smartphone, allowing users to filter buildings by type, size or fit-out style, or dive in deeper for floor plans, tenant details, lease terms, and even virtual tours. It is a digital tool that provides data-driven visualisation of properties by bringing information into a 3D environment and accelerates decisions and analysis. It works on a geographical information system (GIS) designed to store, capture, manipulate, analyse, manage, and present all types of geographical data.  

Digital mapping plays an important role to enhance the productivity and efficiency of the real estate sector. It maximises site selection, increases the marketing audience, and enables efficient and secure land management. It is also used to identify market opportunities that can be capitalised on at the right time.  Land grabbing and ownership issues have flooded the courts due to the lack of proper databases in the country . The geospatial mapping of data intends to collaborate with multiple sectors while making decisions in agriculture, industry, and the services sector. It will also help collect revenues from lands through taxation and regulatory fees, thus developing an authentic land record database in the country. 

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IMARAT Institute of Policy Studies

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