BRIX Land
The importance of Land in the real estate sector cannot be stressed enough. The use of "real" in "real estate" is in fact a valid reference to the land or immovable property involved in this industry. Land forms a major part of the investment made by Real Estate Developers and is one of the main deciding factors in determining the potential value of the real estate project.
Real Estate Developers typically invest in "land banks" which are parcels of land at various locations where they plan their projects over a period of time. There exists an entire department in most real estate houses that oversees the process of land acquisition that starts from identifying the land, location , applying for a change in use (agriculture, to residential, commercial or Industrial), complying with government regulations during the purchase process, owner management, entering into legally binding contracts etc.,
Business Challenges
- Maintaining a digital archive of the land bank details.
- Complex Paper Process with a lack of visibility into the acquisition process Manual checklist processes.
- No date tracking with alerts.
- Broker Management.
- Maintaining owner profiles.
- Lack of Reporting.
Aurigo Solution Benefits:
- End to End Land Management System.
- Broker & Commission management.
- Digital Library of land parcels and owners.
- Ability to attach scanned images of land documents.
- Supports Digital Pictures and CAD drawings.
- Automated checklists to track processes.
- Automated escalations.
- Standard Reports available out of the box.
