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Mini Project Synopsis

Our project aims to build a machine learning model to accurately predict real estate property prices. We will analyze historical property transaction data from India to develop a model that can discover useful patterns. Machine learning techniques will be applied using Python libraries like NumPy, Pandas, scikit-learn. The model will help buyers and sellers determine if a property's listed price is overvalued or undervalued compared to similar properties. This can help both parties get a better deal. Our goals are to implement the full ML pipeline and gain an intuitive understanding of algorithms. The trained model will provide price predictions to help determine fair valuations.

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Shivam Chawla
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42 views1 page

Mini Project Synopsis

Our project aims to build a machine learning model to accurately predict real estate property prices. We will analyze historical property transaction data from India to develop a model that can discover useful patterns. Machine learning techniques will be applied using Python libraries like NumPy, Pandas, scikit-learn. The model will help buyers and sellers determine if a property's listed price is overvalued or undervalued compared to similar properties. This can help both parties get a better deal. Our goals are to implement the full ML pipeline and gain an intuitive understanding of algorithms. The trained model will provide price predictions to help determine fair valuations.

Uploaded by

Shivam Chawla
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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ARIHANT DUGAR(02551202819); PRANAY RANJAN(04051202819) ARIHANT DUGAR(02551202819); PRANAY RANJAN(04051202819)

SHIVAM CHAWLA(01451202819); PIYUSH(03151202819) SHIVAM CHAWLA(01451202819); PIYUSH(03151202819)

TITLE - REAL ESTATE PRICE PREDICTION ML MODEL 2 Coding


3
SUMMARY – Our project is based on machine learning. We have build a model that will 4
IV. PIYUSH 03151202819
predict the price of a house, building or any other real estate property. Machine learning is a very
1 Presentation
fast topic and field and in this project we will build it using python as language and some
2 Coding
libraries of python that are numpy, pandas, seaborn, matplotlib, scikit learn etc. In this project we 3
will drive useful knowledge from historical data of property makers. ML techniques are applied 4
to analyze historical property transcations in India to discover useful model for house buyers and
sellers.we will be able to predict more accurate pricing of a property than manually. The
relevance of our project will be that if anyone visits a site to buy or see price of a property then References: (font 13times new roman)
he or she could benefit from our model that he or she can compare the price from our model and https://www.researchgate.net/publication/347584803_House_Price_Prediction_using_a_Machin
see that he or she is getting the actual price of that property or the property price is overvalued or e_Learning_Model_A_Survey_of_Literature
undervalued and he or she is getting a beneficial deal or price for that property.
https://www.researchgate.net/publication/344099603_Employing_Machine_Learning_for_House
PROBLEM STATEMENT- Somehow or other we need the best deals for houses and _Price_Prediction
property because its a long-term investment, but it is difficult to find the actual pricing of a
Segaran, T. (2007). Programming collective
property so we have build a robust model that will help the sellers and buyers to gather to best
deal in the property segment and earn a good amount of profit and happy living. intelligence: building smart web 2.0 applications . " O'Reilly

PROJECT OUTCOMES- We have gone through how to implement the entire machine learning Media, Inc.".
pipeline, and we have an intuitive understanding of machine learning algorithms. The larger the dataset
Theobald, O. (2017). Machine learning for absolute beginners.
gets, the more complex each of the mentioned steps gets. Therefore, using this as a base will help while
you build your knowledge of machine learning pipelines.At last we will we ready with our price
prediction model that will accurately tell the pricing of various properties on the basis of data that is fed.

Project Tasks Description: (font 13times new roman)


S.No Task Methodology Resource Required Start Expected
Date End Date

I. PRANAY RANJAN 04051202819


1 Research
2 coding
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II. ARIHANT DUGAR 02551202819
1 Research
2 Coding
3
III. SHIVAM CHAWLA 01451202819
1 Presentation

GUIDED BY - MR. AVINASH GUIDED BY - MR. AVINASH


SIGNATURE - SIGNATURE -

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