Technology is disrupting all industries from finance to education radically, and real estate is definitely not lagging behind. While the tech inroads in realty are not as deep as some other fields, the landscape is changing radically and exponentially now.
With fast and cheap internet connectivity reaching all parts of the country and, covid accelerating the pace of digital adoption, we are poised to see a proliferation of technology use cases across the real estate value chain. In the secondary real estate market, strategic innovations are being done today to ensure that buyers and sellers can transact at the click of a button, sitting from their homes.
With technologies such as blockchain, documents are safer than ever; with the help of machine learning, accurate pricing is becoming more and more possible, and; artificial intelligence is making decision-making seamless & quick."
In the primary market too, developers are taking help of augmented and virtual reality to give the users an immersive never before experience, thereby blurring the boundaries between real and virtual. Even inside the homes, IoT is changing the way we control our systems & devices, and is bringing us close to the world we have till now, only seen in science fiction cinema.