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The Telecom Regulatory Authority of India (TRAI) has introduced a draft manual to rate properties based on the quality of digital connectivity available on their premises. This initiative aims to motivate property managers and owners to improve connectivity infrastructure, thereby assisting prospective buyers and tenants in making more informed decisions. The rating system will evaluate properties based on specific parameters such as fibre readiness, mobile network availability, in-building solutions, Wi-Fi infrastructure, and overall service performance. The regulator has invited comments and counter comments from stakeholders within the upcoming weeks.
The Telecom Regulatory Authority of India (TRAI) has recently released a draft manual designed to rate properties based on the quality of digital connectivity available on their premises. The move is intended to encourage property managers and owners to upgrade their connectivity infrastructure, ultimately aiding prospective buyers and tenants in making more informed real estate decisions.
According to TRAI, properties with superior digital connectivity ratings could attract more users, investors, or buyers, thereby enhancing their overall market value. The draft rating manual outlines a comprehensive methodology for assessing the digital connectivity of properties and areas across various categories. These assessments will be based on defined parameters such as fibre readiness, mobile network availability, in-building solutions, Wi-Fi infrastructure, and overall service performance.
Stakeholders have been invited to submit their comments and counter comments on the draft manual over the next few weeks. This initiative is anticipated to establish a benchmark for digital infrastructure in real estate, potentially influencing property valuations and marketability.
By establishing a formal assessment framework, the regulatory body seeks to drive property managers and owners towards adopting advanced connectivity solutions. If implemented effectively, this rating system could become a critical factor in real estate transactions, influencing investor interest and tenant preferences based on connectivity standards.
Source - PTI
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