All India real estate developers association, CREDAI, has decided to start its own data- mining system in the next few months. The main aim of CREDAI’s data-mining system is to give an “exact picture” of the sector across the country. Reports suggest that the decision has come after it found that varying figures from real estate consultants are triggering panic among home buyers.
In other sectors such as telecom and automobiles, industry associations release monthly data detailing new phone subscribers or car sale numbers. The proposed data from Credai will cover inventory, new launches, absorption and parameters related to pricing of units.