Second Real Estate Management Project

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The Second Real Estate Management Project will build upon activities completed under the ongoing Real Estate Management Project (P147050) and its Additional Financing. REMP 2 would be implemented by the Republic Geodetic Authority (RGA), and components envisioned under the proposed project include: Component A: Implementation of the Property Mass Valuation System. This component will support (i) the rollout of mass valuation models for residential properties for the bulk of Serbia's population; (ii) the development of an information system for mass property valuation; (iii) the creation of a residential property price index that includes all types of residential property; (iv) the development of a Building Register module as part of the Integrated System for Real Estate Cadaster (ISREC); (v) the supply of very high-resolution satellite imagery and orthophoto creation; (vi) technical assistance for the development of a sustainable model for the long-term maintenance of both the Building Register and Mass Property Valuation Information System; and (vii) the development of mass valuation models for non-residential properties in Serbia.Component B: Integration of Information Systems and NSDI Services Development. This component will support (i) the further development and national implementation of ISREC; (ii) the establishment of an infrastructure cadaster; (iii) implementation of a land consolidation system; (iv) cybersecurity improvements; (v) implementation of the Republic Geodetic Authority's (RGA) NSDI Action Plan; and (vi) upgrades to RGA's digital archive system.Component C: Institutional Development, RGA Sustainability, and Project Management. This component will support (i) updating of strategic documents such as RGA's Business Plan and Transformation Strategy; (ii) implementation of RGA's Portfolio Management Plan; (iii) further implementation of key land administration standards at RGA; and (iv) project management functions of the Project Implementation Unit and its associated staff and consultants.