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The objective of this research is to design and implement a new technique for side information generation and compare the results of this technique with the existing such methods of side information especially the method proposed by Xavi Artigas to check any improvements. In order to achieve this objective both the available and proposed techniques were implemented using MATLAB platform. From the PSNR results computed for both the approaches we concluded that the proposed homography-based technique resulted better as compared to the reference disparity based side information generation for small block sizes and the results for larger block sizes are closer to the reference approach.