Valuation Model for Commercial Properties in PMC

Abstract

Knowing the involvement of capital in property market, there is a requirement of accurate valuation of a property which can be achieved by using artificial intelligence technique. From this project we can study about valuation of commercial properties in Pune, India. The main goal of this study is to develop a model using neural networks for rate prediction of commercial properties. The final results show 99% correlation coefficient for selected combination of cases with a high percentage rate of prediction. This study would help the property investors to buy or sell their properties at exact rate.