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Intro

The earth never stops revolving & this world never stops evolving. It constantly keeps progressing through various innovations for the sake of betterment. Ultimately “to create & innovate” is the in-built ability of humankind. A man always tries to refine the present & build for the future. Yesterday, we merely had telephones, today we have smartphones with speedy 5G internet connection. This is the power of technology, it can amazingly make things work faster & easier! So we can say that seeking an advanced solution can serve as the core motivation behind any invention.

Technology reached everywhere we physically couldn’t. From the Garment Industry to the Real Estate industry, technology has a significant role in all sectors. Presently, technology has a complete hold on the lives of Gen-Z & Millennials. However, it has also minimized a variety of risks and brought about a sense of ease & security in our lives. In a nutshell, it has greatly impacted our overall personal & professional experience. Curious to know how? Presenting the 5 Trending Technologies in the Real Estate industry that will certainly leave you spellbound. 

1) Blockchain

Blockchain is a decentralized ledger platform that enables an individual to complete property transactions without any intermediaries such as brokers & lawyers. Blockchain guarantees faster, transparent & more secure property transactions by wiping out the need for manual paperwork, reducing costs & diminishing the risks of fraud involved in it. The usage of SMART CONTRACTS on Blockchain helps parties to automatically implement the terms of agreement once the predefined conditions are fulfilled. Furthermore, blockchain can upgrade property record management by creating an immutable & fool-proof record of ownership history which makes it easier to verify & transfer property titles.

2) IoT (Internet of Things) 

IoT is proving to be a game-changer in the real estate world by expanding the culture of SMART HOMES & BUILDINGS. We can assure security, energy efficiency & convenience by integrating IoT devices such as sensors, cameras & thermostats into our properties. For example, sensors can easily detect water leaks or any unauthorized access, while thermostats can automatically regulate temperature settings according to occupancy patterns, saving much energy & reducing expenses. Not only this but IoT-enabled homes & buildings can also provide useful data on space utilization, occupancy rates & maintenance requirements allowing property owners to optimize their resources & enhance the overall operational efficiency.

3) VR (Virtual Reality) and AR (Augmented Reality)

The AR & VR technology allows prospective buyers to experience a 360° tour of their property by staying at their homes. Buyers can have a virtual walkthrough of a property, explore its intricate features & entire layout & visualize how the furniture & decor would actually appear in each room. So, now you can exactly scrutinize the interior configuration of any property before buying it.

In short, you can have a detailed preview of your dream homes before buying them. This simplifies the decision-making process & eradicates the scope of any regrets.

Have a quick sneak peek at some of our top-notch projects that precisely align with your elegant dreams.

• AR tour of Venkatesh Skydale: https://arcampaigns.com/skydale-3bhk/
• VR tour of Venkatesh Graffiti Glover: https://digitour.housing.com/projects/Shree_Venkatesh_Buildcon/2bhk
• VR tour of Midori Towers: https://digitour.housing.com/projects/Vikram_Developers/3bhk

4) AI (Artificial Intelligence)

AI can predict property market trends which help investors & agents to make informed decisions about buying or selling properties. AI-driven chatbots enhance customer experience by handling customer inquiries & providing instant responses.

Also, AI algorithms can recommend properties to buyers based on their preferences, past behaviour & search history. So, in brief, AI is greatly streamlining customer services as well as empowering professionals.

5) Big Data

In the real estate industry, big data refers to the collection, analysis, and utilization of vast and diverse datasets to gain valuable insights and improve decision-making.

It involves collecting data from various sources, such as property listings, market trends, demographics, and customer behaviour, to enhance processes like property valuation, market analysis, and customer engagement.