Real Estate Management System Research Articles

Application of Blockchain for Secure Real Estate Management Systems

Real estate management systems are crucial for efficiently handling property transactions, ownership records, and regulatory compliance in the real estate industry. However, traditional real estate management systems face challenges related to security, transparency, and trustworthiness, leading to issues such as fraud, disputes, and inefficiencies. This paper explores the application of blockchain for secure real estate management systems, focusing on its potential benefits, implementation challenges, and use cases. Smart contracts have a superb advantage for avoiding fraud cases and instilling behaviour among the stakeholders of the system. We examine how blockchain can enhance security, streamline processes, reduce fraud, and improve trust in real estate transactions by providing a decentralized and tamper-proof platform for recording and verifying property ownership, contracts, and transactions. Additionally, we discuss the technical considerations, regulatory implications, and adoption barriers associated with implementing blockchain-based real estate management systems. This paper advocates a trustful mechanism for securing online transactions in the modern-day real estate marketplace.

Implementation of a Real Estate Management System using Photogrammetry Method Allowing 3d Navigation of Buildings

The objective of this study is to evaluate how the use of virtual representations of buildings, created through photogrammetry, can improve the efficiency and effectiveness of the real estate management system. In this regard, investigations have been conducted with stakeholders in the real estate sector, such as real estate agencies and tenants, to gather valuable information on real estate management. For illustration purposes, we have chosen to model the NASPW gymnasium. We have implemented a real estate management approach based on the photogrammetry method. To achieve our objective, we describe each step of the process, from the preparation of the photogrammetric mission (planning and simulating the mission) to data acquisition, carried out using a Phantom 4 Pro drone for aerial images and a Nikon D300 digital camera for interior shots. The data processing phase is also crucial, and it was done using the Agisoft Metashape software. We provide detailed explanations of the different steps in this process, which include image quality estimation, image alignment, georeferencing, dense point cloud generation, 3D mesh creation, and orthophoto generation.

Ethereum Smart Contract Deployment for a Real Estate Management System (REMS) Implemented in Blockchain

The real industry is crucial sector of the world wide financial system, with significant economic, social and environmental implications. However, real estate transactions are often slow, complex and costly and can be prone to fraud errors, which can lead to significant financial losses and legal disputes. This paper proposes the adoption of blockchain technology in real estate cadastral systems as a solution to the challenges encountered in managing property ownership and transactions. We have described the implementation of our prototype called REMS (Real Estate Management System) and we have presented the deployment of smart contracts in Ethereum platform. Based on measurement, benchmarks and other observation of the system, we have evaluated the server usage of the blockchain network and decided whether Blockchain-as-a-Service (BaaS) should be involved or not in our system. The study results demonstrate the successful implementation of a real estate management system (REMS) using blockchain technology and Ethereum's smart contracts. This study is important because it confirms that similar solutions can be implemented in other areas of public administration, where the structure of the work is similar, i.e. where we deal with issuing documents to citizens.

Розроблення і впровадження системи управління господарсько-майновим комплексом НАН України

In modern conditions, the issue of building an effective management system for the economic and property complex of the National Academy of Sciences of Ukraine becomes an urgent issue. This can be done on the basis of the creation and implementation of computer information and analytical systems, in particular, the Digital Real Estate Management System of the National Academy of Sciences of Ukraine (hereinafter - CS PROPERTY). CS MAYNO is intended for management of accounting, storage and use of reliable and updated information on real estate, which is recorded on the balance sheet of institutions, organizations, enterprises of the National Academy of Sciences of Ukraine, and management of lease and use contracts. The system must be developed using a modern software platform without using the software of the aggressor country. In this paper, a comprehensive analysis of the subject area is carried out and ways of automating the activities of the National Academy of Sciences of Ukraine in this area are described.

Real Estate Management System

The Aim of this project is to develop a real estate web application using JAVA and SQL. The real estate system give the functionality for buyers, allowing them to search for houses by features or address. It provides functionality for the seller, authorize them to log into the system and add new advertisements or delete existing ones. For this each user is provided a login account with login ID and password. It describes the design and implementation of a real estate management system that aims to improve the efficiency and effectiveness of managing real estate properties. The system is designed to automate various tasks such as property listings, tenant screening, lease management, maintenance tracking, and financial reporting. The system is built on a architecture to enable easy access and scalability. KeyWord: Spatial Database, Information Visualization, Real Estate Information.

Використання зонування території як частини генерального планування для визначення площ земель прибудинкових територій

The purpose of this scientific work is to prove the importance and necessity of further development of urban zoning in the settlements of Ukraine in order to improve the adjacent territories. Method. Reform of the residential real estate management system is currently based on three main areas: privatization of residential real estate and the creation of associations of co-owners of apartment buildings (condominiums); reform of housing and maintenance offices (ZhEK); creation of a market of competitive managers and a market of quality housing and communal services. Until 2002, ie until the entry into force of the Land Code of Ukraine (LCU) and the Law on ACMHs, the issue of registration of rights to land under “ordinary” apartment buildings was not settled. The exception was cooperative houses. Article 66 [Land Code of Ukraine, 2022], as amended on March 13, 1992, provided that: “Housing, housing-building, garage-building and countrybuilding cooperatives are provided with permanent land plots for residential, garage and country construction, the size of which is set in accordance with the norms approved in the prescribed manner and design and technical documentation. In practice, this rule was used infrequently. The situation began to change with the update of land legislation. Results. The essence of the developed methodology is to determine the shares of residential areas for all real estate units in proportion to the area of these units in the total area of a residential building. In the general case, the area of the adjoining share calculated for the owner or user of the real estate unit consists of the area of the land plot under the building in which the real estate unit is located and the area of the land plot in the adjacent territory minus all buildings within their perimeter. Scientific novelty and practical significance. On the basis of the stated judgments the technique of definition of adjacent territories in the part of calculation of adjoining shares of real estate units taking into account town-planning zoning is improved. Its essence is to determine the boundaries of the residential quarter (neighborhood), which will calculate the boundaries of adjacent areas and determine the areas within the quarter, which are removed from the area of the residential area. Such territories include: land plots that are privately owned and designed in accordance with current legislation; area of privately owned land plots; land plots that are in permanent use and designed in accordance with current legislation: the area of land plots of permanent use.

Real Estate Land Transaction System Using Blockchain

Abstract: Real Estate Management in India as well as in many parts of the world is a very inefficient and insecure process. Developing a secure system that not only accelerates the process of land registration but also makes it efficient and secure will be effective. Blockchain technology is one of the latest and secured technologies on the horizon and has evolved over the last 9-11 years. There is tremendous potential for usage of Blockchain technology in the land industry. This paper presents a blockchainpowered real estate management system that will impart transparency, efficiency, and security in Real Estate Management. The decentralized data storage application and its interactions with Ethereum Virtual Machine (EVM) are presented to point out the event of a sensible contract which will be used for blockchain smart contracts in real estate management. Further, a detailed design and interaction mechanism are highlighted for the estate owners and users as parties to a sensible contract. It will store all the transactions on a distributed blockchain which will be very secure and will not be prone to hacking. A list of functions for initiating, creating, modifying, or terminating a sensible contract is presented and this will help the user enjoy a more immersive, user-friendly, and visualized contracting process, whereas the owners and real estate agents can enjoy more business and sales. It is a practical solution to the real estate management problem in the real world. Keywords: Blockchain, Smart Contracts, Real Estate Management, Ethereum Virtual Machine, Transparent Contracting Process

Оцінка майна територіальної громади: актуальні проблеми та шляхи їх вирішення Анотація. Проаналізовано роль оцінки майна в процесі вирішення проблем територіальної громади. Визначено поняття «максимальна користь жителям територіальної громади», розглянуто оцінку ефективності використання ресурсів та її складові. Переглянуто різні рівні системи управління муніципальною власністю та методику управління муніципальною нерухомістю, їх зв’язок з оцінкою майна громади та різними підходами до її здійснення.

Annotation. Introduction. One of the trends in the development of the modern real estate market in Ukraine is the gradual growth of the real estate owners, and, accordingly, the change of the real estate management system, in particular, in the field of municipal management. Real estate, as a strategic asset, needs to be managed at a professional level. Therefore, the mechanism of property valuation of territorial communities is perceived as one of the tools of effective property management. Purpose. The purpose of this article is to find and scientifically substantiate the priority areas for improving the effectiveness of property valuation of territorial communities, and analysis related to the mechanism of evaluation of management aspects – goals, approaches, methods and characteristics. Results. The article analyzes the essence of effective management of municipal property – focuses on management goals, the priority of which is the creation of conditions for normal activities, both for each resident and all in general, analyzes the process of determining the effectiveness of municipal management in various fields and its characteristics, methods of evaluating the effectiveness of management. The main provision that guides real estate activities is that real estate development projects should meet the needs of consumers as much as possible. The views of domestic researcher N. Smentina on approaches to assessing the effectiveness of communal property – economic and social. The article provides a detailed substantive analysis of the concept of “real estate” within the complex development and its spatio-temporal characteristics that affect its value. The importance of the characteristic “optimal use of real estate” is determined. The “optimal use of real estate” reveals the conceptual content of the process of assessing the effectiveness of property use. Conclusions. Summing up, property valuation is especially important in the context of increasing the economic benefits from the sale of communal property, but the mechanism of property valuation of territorial communities in Ukrainian legislation still does not determine some specific aspects of municipal property valuation.. Keywords: property; property management; management efficiency; territorial community.

Practical Aspects of Modeling the Life Cycle of Cultural Heritage Sites

Aim. The presented study aims to identify stages in the life cycle of a cultural heritage site (hereinafter — CHS) and determine the specific aspects of calculating the estimated cost of restoration and renovation works depending on the stage of the CHS life cycle.Tasks. The authors analyze regulations and guidance documents establishing the procedure for calculating the cost of work performed on a CHS during its entire existence; examine major stages in the real estate life cycle; develop a CHS life cycle model, outlining the main stages of its existence; determine the relationships between the real estate management system and the cost management system for CHS preservation.Methods. The theoretical and methodological basis of the study includes the provisions of the theory of management, cost engineering, pricing in construction, scientific works and practical results of Russian experts on the subject.Results. The main stages of the CHS life cycle and the relationships between them are identified. The stages of real estate and CHS life cycle are compared.Conclusions. Based on the results of the study, the stages of the CHS life cycle are identified and characterized. The obtained results make it possible to optimize approaches to cost justification during restoration works aimed at CHS preservation with allowance for the stages of its life cycle.

Implementation of Digital Project Management for Construction and Operation of Energy-Efficient Residential Buildings

The paper considers an issue of transition to digital management technologies in the field of construction and housing and communal services in Russia, as well as in other countries. An optimization methodology for the application of the digital economy has been developed using the example of the existing real estate management system in the Stolichny Microdistrict of Izhevsk city (Udmurt Republic, Russian Federation). The existing and developed new projects of digital technologies are described, the introduction of which will increase the efficiency of the construction and operation of residential buildings. A methodology has been formed for creating an optimization mathematical model for managing construction and operation projects of energy-efficient residential buildings. Prerequisites and a scheme for the joint implementation of this model and digital technologies are given to improve the quality of construction and operation of residential buildings. The paper proposes a phased methodology for the introduction of digital technologies in urban planning, as well as in the field of housing and communal services within the framework of the national program “Digital Economy of the Russian Federation”. The advantages of using block-chain technology in the management of projects for the construction and operation of energy-efficient residential buildings have been studied in the paper. The application of the developed methods that meet the needs of participants in construction activities, as well as the housing and utilities sector, will improve the efficiency of not only the management system for the construction and operation of energy-efficient residential buildings, but also the overall effectiveness of the introduction of digital management in real estate. The proposed ABRIS software can be used in housing and communal services to optimize and track the expenditure of resources vital for a comfortable living of the population.

СОВЕРШЕНСТВОВАНИЕ СТОИМОСТНОГО УПРАВЛЕНИЯ ПОРТФЕЛЕМ КОРПОРАТИВНОЙ НЕДВИЖИМОСТИ ПАО «СБЕРБАНК» КАК ПРОФИТ-ЦЕНТРОМ

The subject of the research is a corporate real estate portfolio (CREP) of Sberbank PJSC. The aim of this study is to establish significance of developing methodological and theoretical approaches towards value management of the bank’s corporate real estate portfolio as a profit center and practical approaches towards optimizing portfolio composition. The theoretical and methodological basis of the study includes the scientific works of Russian and foreign researchers on the problems of corporate real estate management (including that of the banks’), statistical analysis of CREP, fundamental and price analysis of commercial real estate market, PEST-analysis and SWOT-analysis of CREP. The results of the study are the introduction of the term “corporate real estate management system as a profit-center” and overall analysis of the existing approaches towards managing corporate real estate as a profit center, comparison different compositions of CREP composition. Practical and substantive statistical analysis of the current CREP state was undertaken as well as the key aspect of CREP value management was studied – namely optimization of ratio between owned and leased properties within the portfolio. The authors conclude that ownership is fit for some properties of Sberbank PJSC – head offices and key business divisions, which among things dictate certain corporate image requirements. However, for most of the rest of CREP properties, leasing however is a more appropriate format that enables corporation to respond to an ever-changing business environment.

Privatizing Canadian government land and real estate: Railroads, reconciliation, and rip-offs

This paper explores three questions on public land and real estate privatization in Canada: which state institutions are involved, what logics guide these privatizations, and what are the implications of how privatization manifests? Answers are interwoven through three sections. The first section summarizes the historical context and institutional reconfiguration of public land and real estate management systems in capitalist-colonial Canada, examining the public sector institutions and ideas involved: the logics and procedures of surplus disposal (Canada Lands) and sale and leaseback (Public Works). The second section explores the implications of surplus land sales through snapshots highlighting some of its consequences: urban development in Toronto through the privatization of once-public railway land, and what the privatization of military land means for Indigenous reconciliation (and capitalist commercialization) in Vancouver. The third section delves deeper into how privatization manifests by exposing several scandals in the sale and leaseback of government buildings managed by Public Works, with implications revealed through the activities of its central private sector agent, the shadowy family-run private trust Larco Investments Ltd.

Establishment of commercial real estate placement and management system in the city

Most often, new buildings are the whole areas which grow on the place of former waste grounds or departmental territories. These are the sites, remote from the centre, having nothing in common with trade or business parts of the city. Design codes oblige to put public establishments in the projects. These buildings located in “dormitory area” are also offered by builders as “favourable investments”. Purchaser’s choice of an apartment is very important. In these conditions people are going to live for a long time or may be all their life. That is why much depends on it. It is, of course, the conscious choice. Materials and methods. Methods of the research are theoretical analysis and empirical research, in particular the analysis of statistical data, as well as description and grouping of data. The information base for studying this problem were literary sources (textbooks, manuals) on the problem of enterprises activities, scientific articles, monographs, electronic resources. Methodological basic of the research are such scientific methods as description, comparison, classification. Results. This article analyses the placement and management of commercial real estate in residential many-storeyed buildings, which is considered both on the positive and on the negative side. A general analysis was made, classifications, characteristics were given, as well as patterns of placement of commercial objects were revealed.

Comparison of Real Estate Management System in China and Poland

Abstract Real estate management systems differ all over the world. Differences arise from the different history of regions, different cultures and customs. The paper presents information about the real estate management systems in China and Poland, two extremely different countries. The authors have tried to show the differences and similarities between the countries. The research methods that were used to prepare the paper include a TOWS/SWOT analysis and a comparative analysis.

ОСОБЛИВОСТІ ПРОВЕДЕННЯ РОБІТ З ЗЕМЛЕУСТРОЮ НА ТЕРИТОРІЇ ВІЙСЬКОВИХ МІСТЕЧОК

The article focuses on the main legal aspects of the land registry system in Ukraine. Research allowed to identify theshortcomings of the existent, inefficient land registry system, which significantly increase the conflict potential of land matters.The article also covers the preconditions needed for the establishment of an ef ficient land registry system based on the lessonslearned from land surveying activities of the Ministry of Defense. Moreover, it provides a comprehensive description of thecurrent state of the national land registry system of Ukraine. The paper highlights factors enabling the development of a cohesivesystem of measures, that would allow to significantly improve management of the land registry system of Ukraine. A list ofreasons has been provided, justifying a lack of an all-encompassing registration of the military land parcels of the Ministry ofDefense of Ukraine. Besides, many other topical issues related to the military land were identified, including systematicshortcomings that intervene with the comprehensive and legal usage of real estate assets of the Armed Forces of Ukraine. Inorder to ensure that the real estate and land parcel management system conforms to the law, preconditions for the establishmentof a computerized military land and real estate registration system were identified. Research findings included suggestionsrelated to the establishment of land management, registry and land registration center in the structure of MOD, which would dealwith issues related land management, registry and land registration. To ensure direct control and timely response such centerwould have subordinated detachments. The article provides a list of suggestions for the establishment of an efficient controlover the land fund of the Armed Forces of Ukraine, which will not only simplify the process of stock taking, but also will speed upthe process of land parcel transfer to the Ministry of Defense of Ukraine.

Conceptual and analytical features of attribution оf projects of biosphere-compatible construction оn the decapling platform in the real estate management system

The subject of the research is determined by the methodology and applied tools of organization of biosferous construction as a basis for rational preparation and construction of objects, implemented by modern construction development on the principles of ecologization and energy efficiency. As a research object, biospheric construction has been selected as an advanced format for organizing a cycle of construction projects in a modern urbanization environment. With regard to the construction project, model diagnostics (model predictive identification) is used with the help of the model of air pollution from industrial point sources of technogenesis. The obtained results of numerical analysis of the realization of city functions can predict the development of urban areas, assess the comfort and safety of the urban environment from the standpoint of biosphere compatibility of construction objects in order to harmonize the characteristics of the life cycle of these projects with the characteristics of the microenvironment of their implementation. The basis of such tools is: multifactorial, multicomponent modeling and multicriteria selection of alternatives for building construction for projects, provided that the level of biospheric compatibility is used as the leading analytical coordinate of such simulation. These models, implemented in the format of modern construction, will serve as a basis for organizational and technological and environmental expertise of projects.

Integration of Models of Building Interiors with Cadastral Data

Abstract Demands for applications which use models of building interiors is growing and highly diversified. Those models are applied at the stage of designing and construction of a building, in applications which support real estate management, in navigation and marketing systems and, finally, in crisis management and security systems. They are created on the basis of different data: architectural and construction plans, both, in the analogue form, as well as CAD files, BIM data files, by means of laser scanning (TLS) and conventional surveys. In this context the issue of searching solutions which would integrate the existing models and lead to elimination of data redundancy is becoming more important. The authors analysed the possible input- of cadastral data (legal extent of premises) at the stage of the creation and updating different models of building’s interiors. The paper focuses on one issue - the way of describing the geometry of premises basing on the most popular source data, i.e. architectural and construction plans. However, the described rules may be considered as universal and also may be applied in practice concerned may be used during the process of creation and updating indoor models based on BIM dataset or laser scanning clouds

Особенности геодезического обеспечения кадастровой деятельности в Российской Федерации

Today the studying of geodetic maintenance of cadastral activities in the Russian Federation is an extremely important and topical issue at the present stage of development of the interrelation between geodesy and the sphere of land and property relations. The research tasks are to identify problem aspects in the practical geodetic activity, as well as to analyze the role of geodesy for one of the most important areas of its application. Specificity of geodetic support of cadastral works is considered. The methods of determining the coordinates of the characteristic points of the boundaries of land plots and other real estate objects are compared, the main problems of geodetic work for cadastral purposes are formulated, and the direct dependence of land tax and rent on the area of the real estate object is revealed. In this way, the article reflects the importance of surveying for land and real estate management system.

Housing Transactions in Hanseongbu and the Role of Gaque(家儈) during the Daehan Empire(大韓帝國)

This study was conducted to analyze the role and characteristics of Gaque, a licensed Realtor(House Broker) who were active during the Daehan Empire. In a situation that the real estate certification system had not been established, the Daehan Empire enforced the house deed system to ensure fair transactions. It recognized Gaque as the main agent that would operate the house deed system, and as a matter of fact, it gave them a exclusive right on housing transactions. During the Daehan Empire, there was a widening gap between actual private ownership and references, which is why Gaque could grow. The government tried to narrow the gap by using the house deed system and Gaque. However, Gaque were more interested in making real estate transactions brisk to have the commission by brokering transactions, leases and mortgages. Gaque sometimes disturbed the trade order, but also contributed to the systematization and vitalization of transactions. They can be considered as a main non-governmental agent that had made a real estate management system with a close cooperation with Hanseongbu(漢城府). Hereat, this study is to analyze the role and characteristics of Gaque in reference to the real estate certification system, as well as to investigate the actual state of real estate transactions done in the general public.

Good governance in some public real estate management systems

The paper presents real estate management as a system and specifies all its constituent parts. It contains a comparison of good governance principles and chosen procedures as well as their execution in different countries. The analysed systems were divided into two groups by cluster analysis. Afterwards, an analysis of the management systems in the chosen countries was performed.On the basis of the above analysis, the condition of the Polish public real estate management system was characterised in comparison to the other systems. Some changes in the system were suggested in line with the good governance concept (openness, participation, accountability, effectiveness, coherence). In order to implement these modifications, the existing law concerning this subject should be adapted or changed.