Square Yards has announced that its Data
Intelligence Platform has successfully digitised over 100 million property registration
records, creating one of India's largest structured repositories of real estate
transaction data. In a parallel development, Square Yards has signed
a Platform Service Provider Agreement with the Reserve Bank Innovation Hub
(RBIH) — a subsidiary of the Reserve Bank of India — to offer e-Valuation
and Title Search services through RBIH's Unified Lending Interface (ULI).
The platform integrates insights from India's 'Big
Four' public data sources: Property Registrations (IGR), Online Listings, Regulatory
Data (RERA), and Government Benchmarks such as circle rates. Together, these
sources enable a contextual, multi-dimensional understanding of real estate
activity at both macro and micro-market levels.
The structured dataset captures critical data points
including property identifiers (building/locality, unit details, survey or plot
numbers), area metrics (carpet and super built-up area), transaction values
(consideration value and circle rate), buyer-seller information, and
registration timelines. The platform currently covers Maharashtra,
Karnataka, Telangana, Andhra Pradesh, Tamil Nadu, Uttar Pradesh, Delhi, and
Kerala — with plans to expand coverage further.
A key differentiator is the platform's reliance on
actual transaction values rather than estimates, supported by legally valid
property title records and validated against prevailing circle rates.
As part of its agreement with RBIH on the Unified
Lending Interface (ULI), Square Yards will deliver two flagship services:
e-Valuation Report: AI-powered property valuations
leveraging transactional data and location intelligence to deliver fast,
defensible, and lender-grade assessments.
Title Search Report: Comprehensive property due
diligence via registration records, covering ownership history and title risk
assessment to support safer lending decisions.
For home buyers, the platform brings long-overdue
transparency to one of life's biggest financial decisions — enabling them to
benchmark prices against actual registered transaction values, verify ownership
histories, and assess title risks in minutes rather than weeks. For lenders,
AI-powered e-Valuation and Title Search reports reduce over- or under-lending
risks, provide a clear audit trail of ownership, and enable faster loan
sanctions with significantly lower default exposure. Available at a nominal
cost, these services make critical property intelligence accessible to all
stakeholders — ensuring that every step of the transaction, from purchase to
financing, is more informed, transparent, and secure.