Navigating Bangalore's Real Estate: A Study Based on a Novel Property Price Dataset

This paper presents an encompassing analysis of property price prediction using three different ML algorithms: Multi Linear Regression (MLR), Random Forest (RF), and XGBoost(XGB). The study utilizes a novel dataset - Bangalore Property Valuation Data comprising various property features to train and evaluate the models for accurate price estimation. This study fosters investor confidence and facilitates efficient allocation of resources within the economy. This study's outcome and results contribute to the advancement of property price prediction methodologies, enabling stakeholders to make more informed decisions in real estate transactions and investment strategies. The research contributes valuable insights into lever-aging machine learning techniques for property price prediction and offers a roadmap for future research in this domain.

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Publication Details

Published
2024-10-24
DOI
https://doi.org/10.1109/iccsc62048.2024.10830317
Primary Topic
Housing Market and Economics
Type
article
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article

Navigating Bangalore's Real Estate: A Study Based on a Novel Property Price Dataset

K. Aditya Shastry, Amulya Marali, Khushi Patil, Madhumitha Annamalai
Housing Market and Economics
article

Navigating Bangalore's Real Estate: A Study Based on a Novel Property Price Dataset

K. Aditya Shastry, Amulya Marali, Khushi Patil, Madhumitha Annamalai
article en

Abstract

This paper presents an encompassing analysis of property price prediction using three different ML algorithms: Multi Linear Regression (MLR), Random Forest (RF), and XGBoost(XGB). The study utilizes a novel dataset - Bangalore Property Valuation Data comprising various property features to train and evaluate the models for accurate price estimation. This study fosters investor confidence and facilitates efficient allocation of resources within the economy. This study's outcome and results contribute to the advancement of property price prediction methodologies, enabling stakeholders to make more informed decisions in real estate transactions and investment strategies. The research contributes valuable insights into lever-aging machine learning techniques for property price prediction and offers a roadmap for future research in this domain.

PES University (IN)
Decent work and economic growth
Openalex Percentile: Top 69%
Housing Market and Economics
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