The new system was formally presented by Efren E.R. Ricalde, vice-president of CREBA-Geospatial Solutions at the CREBA ninth monthly business meeting last week.
Conceptualized and designed by CREBA experts and developed in partnership with geodetic engineering and information technology specialist Geospatial Solutions Inc., the eCREBA GIS generates a digital comprehensive map of a titled land and its locality, utilizing the latest in GIS mapping technology and an extensive database of land information and local profiles.
With a nationwide coverage, it enables anyone interested in a particular land title to pinpoint in a specific locality the land parcel described in the title, vies its configuration and technical data, and discover any technical defects in the title.
With accurate geo-referencing, it enables prospective buyers, investors and financing institutions to determine at a glance whether the land is truly where the title says it is , or whether there is potential risk in terms of defects in the title’s technical descriptions of the land.
A far cry from the traditional title mapping, the resulting map displays not only the lot plan, but also a map of the municipality indicating the land’s geographic position, with a total of 23 valuable, officially-sourced data in graphical and textual form.
The additional information package includes the lot parcel’s geophysical characteristics, its proximity to the town proper, the surrounding road network and waterways, land use, prevailing zonal value, power and water facilities in the locality, banks and tourist attractions.
CREBA said the GIS title map not only serves as a powerful land evaluation tool, but also provides a bonus to local government units of presenting the investment and developmental potentials of their localities.
The project aims to address a vital need of the players in the real estate industry for centralized access to a package of land information crucial to wise investment decisions and responsive to developmental planning.
Before the new system was introduced, CREBA said, getting all the information scattered in various government agencies would take two to three months at a cost of at least P25,000 to P35,000.
With the eCREBA GIS title map, the information package is made available in less than a week, thus considerably speeding up the land development processes and the pace of local and national economic development. More information is available from CREBA at tel. nos. 373-2270 and 373-2273.