Vidyavardhini’s College of Engineering and Technology

Department of Computer Engineering

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“House Price Prediction”
TEAM MEMBERS
31 - Samarth Pandey
44 – Mohit Raje
45 – Rohit Redekar

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 PROBLEM STATEMENT
►Problems faced during buying a house:
1) Buying a house is a stressful thing.
2) Buyers are generally not aware of factors that influence the house prices.
3) Many problems are faced during buying a house.
4) Hence real estate agents are trusted with the communication between
buyers and sellers as well as laying down a legal contract for the transfer.
This just creates a middle man and increases the cost of houses.
►They believe that it depends upon:
5) The square foot area
6) Neighbourhood
7) The no. of bedrooms
► But it depends upon many factors also.....Such as:
1) No. of storeys. 2) Area outside the house. 3) Rooms on one floor.

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Objective/Motivation

▸ Our project is based on data analysis , it will try to guess the most
accurate price. Information such as state, city, area, stores.

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 IMPLEMENTATION TECHNOLOGIES
• Processor speed - 233 MHz or above

• RAM - 128 MB

• Monitor - Standard color Monitor

• Hard disk - 20 GB

• Key board 108 keys keyboard

• Microsoft Visual C++ Build Tools

• Operating System – Windows 7/10/11

• Python Compiler and Interpreter ,

• Jupyter , Numphy , Pandas

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 IMPLEMENTATION PROCESS
we will import linear regression model from Sklearn. Use features
identified from heatmap and label to create training and testing set.
Finally we will train our model using training set.
Sklearn is a open source and efficient tool for predictive data
analysis. Built on NumPy, SciPy and Matplotlib.

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 TECHNOLOGIES USED
1. Python Language
2. Jupyter Notebook
3. NumPY
4. Pandas

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 SCOPE OF PROJECT
Taking the sample dataset for houses, and considering its various
attributes, the prices for houses have been predicted by employing
machine learning methods of regression-for predicting the price
of estate using prior data, and clustering-for inspecting the quality
of the solution or output.
We will be implementing our project in Jupyter Notebook ,
furthermore it could be attached with a website or an app , to
provide users a more customised and user friendly experience.