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Web and Android Application for Real Estate Business Management

Conference Paper · October 2023

DOI: 10.1109/R10-HTC57504.2023.10461730

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 Web and Android Application for Real Estate Business
Management
Yogesh Kisan Mali Vijay U. Rathod
G H Raisoni College of Engineering & Management, G H Raisoni College of Engineering & Management,
Wagholi, Pune Wagholi, Pune
[email protected] vijay.rathod25bel @gmail.com

Dnyandeo S. Khemnar Sakharam B. Kolpe

G H Raisoni College of Engineering & Management, G H Raisoni College of Engineering & Management,
Wagholi, Pune Wagholi, Pune
[email protected] [email protected]

Santosh Sitaram Varpe Santosh Tanaji Waghmode

G H Raisoni College of Engineering & Management, Dr.Babasaheb Ambedkar Marathwada University,
Wagholi, Pune Aurangabad
[email protected] [email protected]
2023 IEEE 11th Region 10 Humanitarian Technology Conference (R10-HTC) | 979-8-3503-2614-7/23/$31.00 ©2023 IEEE | DOI: 10.1109/R10-HTC57504.2023.10461730

Abstract: "Real Estate Application: Managing Transactions allows brokers and developers to stay informed and make
between Brokers and Developers" streamlines property strategic decisions to optimize their business [6].
transactions with seamless communication and collaboration. This application is built on a secure and scalable platform,
It automates property listing, negotiation, and closing, saving ensuring that all data is protected and accessible at all times.
time and reducing errors. The built-in CRM system tracks
leads and enables data-driven decisions. The analytics system
It also supports integration with other systems and
provides insights into the real estate market and customer platforms, providing a seamless experience for users [7].
behavior. Secure and scalable, the application integrates with This Real Estate Application is an essential tool for brokers
other systems. An essential tool for brokers and developers, and developers looking to streamline their operations and
enhancing efficiency and profitability. increase their efficiency. It provides a platform for seamless
communication and collaboration, enabling them to make
Keywords: Real Estate Application, CRM system, Brokers, real better business decisions and increase their bottom line [8].
estate market
II. LITERATURE SURVEY
I. INTRODUCTION A literature survey of recent research studies related to the
The real estate industry is a complex and dynamic field that topic of real estate applications and their role in streamlining
involves the buying and selling of properties. The the process of buying and selling properties shows a
relationship between property owners, buyers, and brokers growing interest in the use of technology to improve
is an essential aspect of this industry as it determines the communication and collaboration between brokers and
success of transactions and the satisfaction of all parties developers [9].
involved. The process of buying and selling properties can "Real Estate Brokers and the Impact of Technology on the
be time-consuming and prone to errors, which is why we Industry" by Smith et al. (2023) [1] found that technology
have developed an innovative solution that streamlines the has made it easier for buyers and sellers to access
process and improves communication and collaboration information and connect with each other, but brokers still
between brokers and developers. Introducing this Real play an important role in the process. The study also found
Estate Application, a platform that manages transactions that brokers are adapting to new technology and using it to
between brokers and developers. This application aims to improve their services. The study concludes that technology
bridge the gap between these two parties by providing a can improve the efficiency of the real estate industry and
platform for seamless communication and collaboration. enhance the relationship between brokers and developers.
This application automates the process of property listing, "The Future of Real Estate Brokers: A Study of Industry
negotiation, and closing of deals, saving time and reducing Trends" by Johnson et al. (2021) [2], looks at the future of
errors [5]. the real estate industry and the role of brokers in it. The
The application provides an easy-to-use interface for study found that the industry is changing rapidly and that
brokers and developers to manage their properties, view brokers need to adapt to new trends, such as technology and
transaction history, and access important documents. It also the increasing use of online platforms. The study also found
includes a built-in CRM system that allows brokers and that brokers will continue to be important players in the
developers to track leads, view customer information, and industry, but they may need to change the way they do
manage communication. This feature enables them to better business to stay competitive.
understand their target market and make data-driven "The Role of Real Estate Brokers in the Housing Market" by
decisions [10]. Kim et al. (2022) [3] examines the role of real estate brokers
The application also includes a comprehensive analytics and in the housing market and how they affect the buying and
reporting system that provides valuable insights into the real selling process. The study found that brokers play a crucial
estate market, trends, and customer behavior. This feature role in providing market information, connecting buyers and
sellers, and negotiating deals. However, the study also found

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979-8-3503-2614-7/23/$31.00 ©2023 IEEE 318
that brokers may not always act in the best interest of their • Provides instant information regarding the work under
clients and may have conflicts of interest. process with in the company.
"The Relationship between Property Owners and Real • Easy management of data as located at a server.
Estate Brokers" by Patel et al. (2017) [4] examines the
relationship between property owners and real estate IV. FUNCTIONAL COMPONENTS OF THE
brokers, including the challenges and opportunities that arise DEVELOPMENT
in this relationship. The study found that clear The system contains registered Admins who oversee the
communication, realistic expectations, and trust are key to registration of real estate owners via the website, where they
ensuring a successful relationship. The study also found that can provide property details. Brokers, on the other hand,
property owners and brokers need to work together to register using an Android application. Admins verify both
achieve common goals, but conflicts can arise when real estate owners and brokers. Once registered, real estate
interests are not aligned. owners can create and modify their property portfolios.
Overall, these studies suggest that technology can play a Additionally, the system automatically sends an
significant role in streamlining the process of buying and acknowledgement email to the Admin when a new real
selling properties and improving communication and estate owner or broker successfully registers.
collaboration between brokers and developers. However, it's A. Web Application
important to consider the potential challenges and conflicts • Real estate owners can login/register, change password,
that may arise and to establish clear lines of communication view and manage their property portfolios including
and trust. creating new ones and modifying existing ones.
• Acknowledgement emails are sent to members and
III. OVERVIEW OF THE SYSTEM
admin upon successful submission, payment, and
Existing System: The on-going framework is a manual publication of property ads.
framework where proprietors and specialists need to • A property portfolio contains details such as property
promote their properties in nearby channels and papers. In description, area, and price, whether it is for sale or rent
existing frameworks, property data must be circulated to a and contact details of the person responsible.
predetermined number of clients. Additionally, there is no • Details in the property portfolio can be edited except for
24-hthis mode concept. The company keeps all information the property id.
in the form of records under the current manual system. • Each property portfolio is assigned a unique property id
There, the necessary information is gathered, necessitating a generated by the system.
manual record search. Documents or letters are used to • Only authorized/registered persons are allowed to
exchange information between the company's departments. create/modify property portfolios.
Advertising and writing letters take time. Select the person
• Latest property information is available.
to display and manually approach them to confirm their
B. Android Application
availability. The work was delayed beyond the deadline as a
• The application should provide separate login pages for
result of poor management.
real estate owners and brokers based on their selected
Proposed System: All of the company's data is kept in a
roles on the initial page.
single database, and any changes made in other departments
• The developer should have access to statistics on total
are immediately communicated to higher and lower
claims made on properties and the total number of
departments. Provides a user interface that makes it simple
claims approved or rejected. The developer should also
for users to interact with various application areas. By
be able to accept or reject claims on the android
putting applications on a single system and making them
application and edit his personal information.
accessible to all systems on the network, you can cut costs
associated with software maintenance. • Brokers should be able to register and login to the
android application. Upon logging in, brokers should be
Owners can easily upload their property details through this
able to view the property list and claim rewards based
system interface. All real estate properties can be displayed
on visits/bookings. Brokers should also be able to view
in a good format in this system. The system can be accessed
the history of approved and rejected rewards.
in 24 x 7 modes.
The system's user interface allows for interaction between V. STUDY OF THE SYSTEM
owners and brokers. A property detail plays a vital role in
managing this system as a website. Brokers are exposed to The user interface has been developed with a graphics
various types of property sites. Administrators can play an construct in mind that is associated with browsing the
important role here. interface for flexibility in use. The GUI's are categorized at
the highest level as follows:
Scope:
A. Admin user interface
• While the current system is limited only by its
B. The working or general user interface
performance, it is limited and limited to the Owner and
Broker. • Web
• This system is for developer and broker. And the • Android
process between them. The administrative interface focuses on consistent data that
• Applying is as easy as browsing the website. There, is largely part of the structure activities and requires proper
even a non-technical person can easily interact with the authentication for data collection. The interface enables
processing of the application. administrators with all the transactional states such as data

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319
insertion, deletion, and updating, along with extensive data
search capabilities. It also approves owner and broker
registrations and validates transactions.
The operational or generic program helps users within the
system with transactions through existing data and required
services. A property owner can register via the web and add
property details via the web and in Android can manage or
view the request of claims. The operational program also
helps normal users manage their own data in a customized
manner with aided flexibilities.
The modules involved are:
A. Website
• Admin Figure 3: Working of Content Based Filtering
• Authentication (Owner, Broker)
• Validate Transactions
• Contest Based Recommendation Algorithm
• Registration (Real Estate Owners)
• Add. Edit, Delete, Update Property Details. Content-based filtering is a type of recommendation
B. Android algorithm that suggests items to users based on their
a. Developer previous behavior and preferences. In this approach, items
• Statistics of Claims are recommended to a user based on how similar they are to
the items the user has liked or interacted with in the past.
• Deny/Approve request
The cosine similarity measures the similarity between two
• History non-zero vectors in an inner product space by computing the
• Personal Information cosine of the angle between them. The range of the cosine
C. Broker similarity is between -1 and 1, where 1 represents a perfect
• View Property match and -1 represents the opposite of a perfect match. In a
• Claim Request content-based filtering system, the cosine similarity is used
• Claim Status to compare the characteristics of the items that a user has
• Claim History liked in the past with the characteristics of other items.
Items with a high cosine similarity score are considered
• Personal Information
similar and are recommended to the user.
• Loan Application
The dot product is the projection of one vector onto another.
If two vectors have identical components, their dot product
is equal to their squared module, whereas if the two vectors
are perpendicular, their dot product is zero. The dot product
can be calculated for n-dimensional vectors.

(1)
The dot product is a crucial element in defining the
similarity between two vectors, as it is directly linked to it.
Specifically, the similarity between two vectors u and v is
defined as the ratio of their dot product to the product of
their magnitude.
Figure 1: Working of Mobile Application

(2)

VI. COMPARISON TABLE

TABLE I. COMPARISON TABLE

Aspect Before Application After Application

Property Search Brokers rely on real estate Brokers can search and
Figure 2: Working Web Applicant for Developer owners or agents discover properties directly

Commission Brokers use to Commission fees are fixed

Fees get commission fees for for particular deal directly
their services manually with owners

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320
Property Listings Listings primarily controlled can list their properties • The system incorporates checks at every stage of data
by individual without intermediaries entry and modification, ensuring the validity of the
information entered.
Communication Developer/Owner Broker directly
communicate with brokers communicates with property • The user can update information with certain
for inquiries owners using this restrictions to maintain data validity.
application. • The user can view previously entered records with a
Transparency Limited transparency in More transparency as range of options available.
pricing and negotiations. brokerages are fixed and • The project is designed to be user-friendly with easy
payment done on navigation links.
application itself.
• The data is stored systematically in a single database,
Cost Savings Potential cost incurred from Cost savings as developer making retrieval and storage faster and easier.
advertisements and brokers can list on this application.
• The process of decision-making is quicker with faster
User Reliance on particular Developers have more
Empowerment brokers for property-related control and decision-making data processing.
decisions power. • The allocation of sample results is faster as users can
access records from previous years.
Trust and Users may rely on single Broker assume more
Liability brokers' expertise and responsibility for due • The latest technology is utilized for easier and quicker
credibility. diligence. data transfer.
User Experience Dependent on advertisement Enhanced user experience IX. LIMITATIONS
and broker availability and with direct interactions with
responsiveness brokers. 1. The size of the information will increase day by day,
leading to an increased load on the database and
Flexibility and Limited choices based on Wider range of options maintenance activities.
Options broker networks. available directly from 2. Proper training is crucial for users, including developers
owners. and administrators, to ensure they can operate the
system with ease.
VII. COMPARISON GRAPH 3. Access to the system is limited to developers and
Figure 4 illustrates the comparison of old and new sales brokers.
performance over the analyzed period. The graph displays
the monthly sales figures for both the old and new X. CONCLUSON
strategies. Each data point represents the total sales amount The Real Estate Application: Managing Transactions
achieved in a specific month, while the x-axis represents the between Brokers and Developers is a tool that simplifies the
months (Jan, Feb, Mar, Apr, May, and Jun). process of buying and selling real estate properties. It helps
brokers and developers to collaborate seamlessly and
automates tasks such as listing properties, negotiation, and
closing deals. The application includes useful features such
as a CRM system and analytics and reporting tools, which
assist in better understanding the target market and making
data-driven decisions. It is a secure and scalable platform
that supports integration with other systems, providing users
with a seamless experience. In summary, it is an essential
tool for brokers and developers looking to optimize their
operations and increase their efficiency.
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