Flask-Powered Machine Learning Model for Accurate Real Estate Price Prediction

Real estate price prediction is a critical task for various stakeholders, including buyers, sellers, and investors. Existing methods often face challenges such as limited data availability, inadequate feature engineering, and the inability to adapt to dynamic market conditions. This research proposes a novel approach to address these limitations by leveraging machine learning and a Flask-based web application. The proposed system utilizes a comprehensive dataset encompassing various property attributes, including area type, location, total square footage, number of bathrooms, and balconies. A machine learning model is trained on this data to accurately predict real estate prices. The user-friendly web interface allows users to input property details and obtain real-time price estimates. The system's effectiveness is demonstrated through rigorous evaluation, showcasing its ability to provide reliable predictions and assist users in making informed decisions. The integration of machine learning and web technology offers a valuable tool for the real estate industry.

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Publication Details

Published
2024-10-25
DOI
https://doi.org/10.1109/gccit63234.2024.10862259
Primary Topic
Traffic Prediction and Management Techniques
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article
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article

Flask-Powered Machine Learning Model for Accurate Real Estate Price Prediction

D. Balakrishnan, Y. P. Reddy, Vedula Niteesh, Umasree Mariappan et al.
Traffic Prediction and Management Techniques
article

Flask-Powered Machine Learning Model for Accurate Real Estate Price Prediction

D. Balakrishnan, Y. P. Reddy, Vedula Niteesh, Umasree Mariappan, Velagala Venkata Reddy, Vangala Mahesh Reddy
article en

Abstract

Real estate price prediction is a critical task for various stakeholders, including buyers, sellers, and investors. Existing methods often face challenges such as limited data availability, inadequate feature engineering, and the inability to adapt to dynamic market conditions. This research proposes a novel approach to address these limitations by leveraging machine learning and a Flask-based web application. The proposed system utilizes a comprehensive dataset encompassing various property attributes, including area type, location, total square footage, number of bathrooms, and balconies. A machine learning model is trained on this data to accurately predict real estate prices. The user-friendly web interface allows users to input property details and obtain real-time price estimates. The system's effectiveness is demonstrated through rigorous evaluation, showcasing its ability to provide reliable predictions and assist users in making informed decisions. The integration of machine learning and web technology offers a valuable tool for the real estate industry.

Kalasalingam Academy of Research and Education (IN)
Decent work and economic growth
Openalex Percentile: Top 71%
Traffic Prediction and Management Techniques
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Flask-Powered Machine Learning Model for Accurate Real Estate Price Prediction — D. Balakrishnan, Y. P. Reddy, et al. · (2024) | TGRS Research Map | TGRS