Since the 1990’s, there has certainly been a monumental development in Technology and today, it is evident that a world without technology yields minimal progress. While the first wave of technology use in prop-tech began in the early 2000s, at present, the real estate market has been booming because of the growth of cutting edge technological solutions. In fact, the post covid era is witnessing a rapid evolution when it comes to 3D Rendering, Virtual Walkthroughs and Big Data and Analytics. Even though the astounding future security and Capital Returns have drawn the real estate market up to full heights, a sector with technology will definitely rise as the cream of the crop.
Right from smart homes to smart cities, let’s get a drift of how real estate technology trends are transforming its future.
Tech Start-ups at the fore
Right from helping with sales and marketing with diverse technological real estate platforms to encouraging the concept of Fractional Ownership, numerous Start-ups are changing the game with their attempts to curate secure and profitable avenues for real estate owners, stakeholders and customers. Besides, growing trends like AI and Machine learning have been reaching soaring heights in the 21st Century era. Making information easily accessible to consumers, even simple technology driven solutions are shooting up investment capacities with whopping rates of success.
The emergence of Big Data and Analytics
You might have heard of the common term RERA. Ever pondered about how essential it is? Well, as the Real Estate Regulatory Authority unfolds, the accessibility to quarterly data on the construction status of most projects seems undemanding. With the coming of Instant Buying models, companies use AI models to understand the past history of transactions and local market conditions which fulfil many housing demands sooner. Besides, we have unparallel and hitch free access to property documents and other legal documents at present.
Enhanced Chat bots and tech platforms
As technology driven solutions develop, chat bots have truly turned out to be a massive advantage. Back in history, a human agent attending to all your requests was beyond imagination. Besides, there are numerous apps for property listing today which tend to attract most of those who want to save their time. Moreover, as the awareness on block chain comes to light, we can now forge better transparency and efficiency when it comes to significant property records.
The Evolution of Virtual Reality
Amidst life’s busy monotone, one can hardly visit their plot as often as before to check on their future abode’s progress. The evolution of virtual reality has certainly paved way for stakeholders and customers to envisage a fully furnished and beguiling hearth that they can reside in within the near future. Transcending beyond the concept of 3D Rendering, the cutting edge technology solutions through virtual walkthroughs have turned out to be a huge advantage for the Real Estate Market.
The Blossoming Era of Smart Homes
Are the tiny worries like setting the security alarm, switching off the geyser or your child’s security keeping you on tenterhooks? Well, smart homes help you let loose your quandary as you can now connect all the devices and appliances at your home so that they can communicate with you in return. A quick glance at your smart phone or tablet can make your house react to your commands. In fact, with the progression of astounding technology in India, a smart home may soon turn out to be a few kms away from you!
With the advancing technological approaches in the real estate sector, it’s evident that the market can turn in its profits soon and enhance the lives of many as it soars high.
