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Correspondent

23 August 2024 at 4:29:04 pm

Kaleidoscope

A pilgrim kisses a child before departing for a pilgrimage to gurdwaras in Pakistan ahead of Baisakhi festival, at the India-Pakistan Attari-Wagah border in Attari on Friday. Bollywood actor Mrunal Thakur during the special screening of film 'Dacoit Ek Prem Katha' in Mumbai on Thursday. School teachers and students perform 'Bhangra', a traditional folk dance, ahead of the Baisakhi festival in a wheat field near Jammu on Friday. Members of the public arrive to attend Ladies Day, the second day...

Kaleidoscope

A pilgrim kisses a child before departing for a pilgrimage to gurdwaras in Pakistan ahead of Baisakhi festival, at the India-Pakistan Attari-Wagah border in Attari on Friday. Bollywood actor Mrunal Thakur during the special screening of film 'Dacoit Ek Prem Katha' in Mumbai on Thursday. School teachers and students perform 'Bhangra', a traditional folk dance, ahead of the Baisakhi festival in a wheat field near Jammu on Friday. Members of the public arrive to attend Ladies Day, the second day of the Grand National Horse Racing festival, at Aintree racecourse near Liverpool, England, on Friday. A worker unloads sacks of wheat grain at a warehouse in Bhopal on Friday.

BMC to launch AI in real estate sector

AI generated image
AI generated image

Mumbai: In a move aimed at modernizing urban governance and facilitating faster project clearances, the Brihanmumbai Municipal Corporation (BMC) is set to launch an advanced artificial intelligence (AI)-driven facility dedicated to the city’s real estate sector.


“The introduction of this AI-led facility marks a significant step towards streamlining processes and enhancing transparency in Mumbai’s real estate ecosystem. By leveraging technology, we aim to reduce approval timelines and improve overall efficiency for stakeholders,” BMC Municipal Commissioner Ashwini Bhide said while speaking at the Change of Guard ceremony of NAREDCO Maharashtra on Thursday.


Bhide said, “The introduction of this AI-led facility marks a significant step towards streamlining processes and enhancing transparency in Mumbai’s real estate ecosystem. By leveraging technology, we aim to reduce approval timelines and improve overall efficiency for stakeholders.”


Stating that the proposed facility would integrate multiple civic approval systems into a unified digital platform, enabling developers, architects and consultants to submit and track applications in real time, Bhide said, “By deploying AI tools for document verification, compliance checks and predictive analysis, the BMC aims to drastically cut down approval timelines, which have traditionally been a challenge for the sector.”


“The system would also bring greater transparency and accountability by reducing human interface and standardising procedures. The platform is expected to flag discrepancies, ensure adherence to development control regulations, and provide actionable insights to both applicants and civic authorities. The initiative aligns with Mumbai’s broader vision of becoming a technologically advanced and investor-friendly city. With real estate being a critical driver of economic growth and urban development, the AI-led facility is anticipated to boost investor confidence and accelerate project execution,” she added.


Speaking on the occasion, Mumbai Mayor Ritu Tawade said, “Mumbai is steadily transforming into a model city for ease - of -doing - business in real estate. Today, construction proposal approvals are streamlined within 45 days, driven by transparency and end-to-end digitization. This not only accelerates development; but also builds trust among stakeholders. We are committed to inclusive urban growth prioritizing women’s safety and encouraging developers to actively participate in creating essential infrastructure such as dedicated women’s sanitation facilities. Our vision is clear to get faster processes, safer spaces, and a more accountable system for all.”


The BMC is currently in the final stages of preparing the infrastructure and is expected to roll out the facility in phases. Training sessions and on-boarding support will also be provided to ensure smooth adoption by users. Once operational, the AI-enabled system is poised to redefine the way real estate approvals are managed in Mumbai, setting a benchmark for other urban local bodies across the country.


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