Real estate bodies are calling for the introduction of transparent utility mapping within the commercial land guidance framework, emphasizing that detailed, publicly accessible data on utility connectivity is crucial for fair and accurate land valuation. They argue that knowing the precise status of essential services such as electricity, water supply, sewage systems, broadband access, and drainage is critical for developers, investors, and buyers when assessing the true development potential of a plot. Without transparent utility information, guidance rates may not fully reflect the practical usability of land, leading to mispricing, disputes, and inefficient investment decisions.
By incorporating transparent utility mapping, authorities can create a more credible and evidence-based guidance system where land valuations are directly linked to measurable infrastructure readiness. Real estate associations propose that utility availability should be clearly documented for each plot or zone, with digital maps and verified datasets made accessible to all stakeholders. This would not only improve the efficiency of land transactions but also reduce the risks of overvaluation in poorly serviced areas and undervaluation where utilities are robust but underrepresented in current assessments.
Industry experts believe that transparent utility mapping will also incentivize better urban planning and infrastructure investment by making it easier to identify gaps in service provision. It can help streamline approvals, encourage responsible development in well-equipped areas, and foster a healthier, more predictable commercial real estate market. Real estate bodies are urging authorities to prioritize this initiative in upcoming guidance value revisions to enhance transparency, promote fairness, and support sustainable urban and economic growth.