How Proptech is revolutionising the real estate industry of India?
Proptech is the application of technology in various real estate segments to provide solutions and deliverables for the builders and buyers. They cater to all the services involved in a real estate business such as buying, selling, renting, developing, market knowledge and managing various kinds of property. They assist in making these processes all the more efficient and effective. This technological innovation has brought about a revolutionizing change in the real estate industry.
Proptech companies are now technically competent to enable energy consumption monitoring, smart solutions for areas such as parking, transportation and waste management and creating interior designs. They help in improving the efficiency of the firms and the profits involved. India is one of the most dynamic markets for incorporating proptech in its real estate sector, thanks to the growing real estate market. The residential market has huge potential which has encouraged the funding for the proptech industry as well. Online housing portals are a great example of the same. Whether you are looking forward to buying a 2 BHK flats in Thane, you can visit these online platforms and look at the options available.
To make the most of this technological innovation in the Indian context, watch out for these popular and effective proptech trends!
- Virtual Reality: Not only does this allow the prospective buyer to visualise the house prior to its actual completion but also gives a tour of the place without having to visit the actual sites. It is being used by almost all the players in the market given how engaging and convincing it can get. Apart from the real estate sector, it is also being used in architecture and interior designing.
- Blockchain Technology: After a popular stint in the f intech industry, blockchain technology is now making quite a stir in the real estate. It provides the buyers and sellers additional security against the fraudulent practices with most of the data being digitalised.
- Internet of Things: The Internet of things (IOT) can be defined as the interconnectivity of everyday objects including people. Home automation devices are indispensable for efficient usage of urban spaces making it an important part of the IOT. It uses artificial intelligence along with sensor-based technology to provide various services with respect to the home environment.
- Augmented BI Tools: This involves the use of analytical tools to determine the value and gather useful insights on a variety of aspects related to business. Maximisation of revenue, improving general performance and eliminating operational inefficiencies within the organisation is a few of the activities covered by augmented BI tools. With the advanced in technology, some of these BI tools also predict customer preferences from the existing data.
Proptech trends are taking over the real estate world with full vigour and the future seems bright too. Leveraging proptech trends are some prominent real estate developers like The Dynamix group that offers you great property options if you are looking for a 2 BHK in Thane, Ghodbunder or around the area.