To bring about a change in the home search process, online realty providers PropTiger.com has announced the launch of two innovative features – a ‘Livability Score’ and a ‘Safety Score.’ The ‘Livability Score’ will judge more than one lakh property across 12 major cities in India in terms of quality of the neighbourhood and amenities available within the project. To ensure that a home buyer is well aware of the safety quotient of the neighbourhood, PropTiger has also tied up with Safeti Pin, a social enterprise, to provide a ‘Safety Score’ for property in the NCR region.
“These two features are all set to change the dynamics of home search, particularly for the first time home buyer, by enabling quantification of the prime concerns around property selection: livability and safety of the property. In addition, the scores also provide property developers a platform to compete on livability and safety by acquiring the best scores from leading real estate advisors,” says Prashan Agarwal, Co-Founder, PropTiger.com. “The Livability Score offers an in-depth analysis of the facilities available in a locality. We expect to have a score for more than two lakh property by the end of this year.”
According to a release from the company, the Livability Score is arrived at through the amalgamation of data on facilities such as schools, hospitals, parks, restaurants and other amenities around the property.
More than 100 parameters are put through an algorithm in order to arrive at the score. It is available in 12 cities — Noida, Gurgaon, Mumbai, Pune, Bangalore, Chennai, Kolkata, Delhi, Ahmedabad, Ghaziabad, Hyderabad and Faridabad — where PropTiger.com currently operates.
The Safety Score has been developed by Safety Pin, a social enterprise dedicated to utilising data to provide information to individuals and social communities regarding the level of safety in a location. The Pin uses a combination of trained auditors and crowd-sourced information to conduct audits. The score is meant to be a direct reflection of the perception of safety of any given area, with a higher score indicating a higher level of safety.
