House Price Forecasting Using Machine Learning

5 Pages Posted: 3 Apr 2020

See all articles by Alisha Kuvalekar

Alisha Kuvalekar

Datta Meghe College of Engineering

Shivani Manchewar

Datta Meghe College of Engineering

Sidhika Mahadik

Datta Meghe College of Engineering

Shila Jawale

Datta Meghe College of Engineering

Date Written: April 8, 2020

Abstract

The real estate market is a standout amongst the most focused regarding pricing and keeps fluctuating. It is one of the prime fields to apply the ideas of machine learning on how to enhance and foresee the costs with high accuracy. The objective of the paper is the prediction of the market value of a real estate property. This system helps find a starting price for a property based on the geographical variables. By breaking down past market patterns and value ranges, and coming advancements future costs will be anticipated. This examination means to predict house prices in Mumbai city with Decision tree regressor. It will help clients to put resources into a bequest without moving towards a broker. The result of this research proved that the Decision tree regressor gives an accuracy of 89%.

Keywords: Decision tree regressor, machine learning

Suggested Citation

Kuvalekar, Alisha and Manchewar, Shivani and Mahadik, Sidhika and Jawale, Shila, House Price Forecasting Using Machine Learning (April 8, 2020). Proceedings of the 3rd International Conference on Advances in Science & Technology (ICAST) 2020, Available at SSRN: https://ssrn.com/abstract=3565512 or http://dx.doi.org/10.2139/ssrn.3565512

Alisha Kuvalekar (Contact Author)

Datta Meghe College of Engineering ( email )

Plot No. 98, Sector-3
Airoli, Navi Mumbai, Maharashtra 400708
India

Shivani Manchewar

Datta Meghe College of Engineering ( email )

Plot No. 98, Sector-3
Airoli, Navi Mumbai, Maharashtra 400708
India

Sidhika Mahadik

Datta Meghe College of Engineering ( email )

Plot No. 98, Sector-3
Airoli, Navi Mumbai, Maharashtra 400708
India

Shila Jawale

Datta Meghe College of Engineering ( email )

Plot No. 98, Sector-3
Airoli, Navi Mumbai, Maharashtra 400708
India

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