PE Analytics To Launch Real Estate Price Index
New Delhi-based research firm PE Analytics has drawn up plans to launch a real estate price index. These indices will be based on the actual transaction and registration values prevailing in various micro-markets for the residential and commercial asset classes. The indices will be the barometer for measurement of real estate sector performance and will also enable trade on the exchange.
PE Analytics owns and operates PropEquity, an online subscription-based real estate data and analytics. “We are launching the first residential and commercial indices based on transaction prices in partnership with the leading commodity exchange shortly after a nod from the government,” said PE Analytics CEO Samir Jasuja.
PropEquity has created products that are unique in the Indian context and which have been validated through the market and with marquee customers, he said. The company is looking at September, 2011, to go live with this product offering, Jasuja said.
Commenting on future plans, Jasuja said the company’s vision is to create an information service enterprise through continuous innovation and integration of real time data, analytics and cutting edge technology to achieve higher transparency for participants and beneficiaries of the realty sector.
Source: Economic Times
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