The Influence of Technology On Real Estate

Recent Blogs

Why Kalyan Is Emerging As A Preferred Choice For Homebuyers?

19th March, 2024

Read More

The Impact Of The Mumbai Coastal Road Project On Real Estate In Mumbai

11th March, 2024

Read More

How is Andheri’s real estate market shaping up?

5th March, 2024

Read More

Why Thane West Should Be On Your List Of Top Locations For Real Estate Investment?

21st February, 2024

Read More

How is the real estate market shaping up in India?

12th January, 2024

Read More

How To Accumulate Wealth Through Real Estate?

4th December, 2023

Read More

Dubai Real Estate: A League of Its Own

6th October, 2023

Read More

Chandivali’s Thriving Real Estate Prospect

4th September, 2023

Read More

The Power of a Will and its many advantages

29th August, 2023

Read More

The Bright Prospects of Indian Real Estate 2023-2047

21st August, 2023

Read More

Exploring Ready-to-Move Comforts and Off-Plan Potential in Dubai

16th August, 2023

Read More

MahaRERA's QR Code August 2023 Implementation

10th August, 2023

Read More

India's Booming Real Estate Sector: Growth, Investments, and Infrastructure Expansion

7th August, 2023

Read More

The Significance of Sample Flats for Residential Properties

31st July, 2023

Read More

Hyderabad Real Estate: Unveiling the Rise of Newly Launched Homes and Shifting Buyer Preferences

24th July, 2023

Read More

Luxury Living: Why Now Is the Perfect Time to Invest in Goa

19th July, 2023

Read More

Kalyan Real Estate: A Gateway to a Smart and Thriving Future

14th July, 2023

Read More

The Hidden Costs of Apartment Buying in India: A Buyer's Guide to Informed Purchases

12th July, 2023

Read More

Understanding Real Estate Jargon: Carpet Area, Built-up Area, and Super Built-up Area

7th July, 2023

Read More

Dubai's Office Rents Surge Higher Than London and New York, Indicating Market Recovery

5th July, 2023

Read More

Grade A Commercial Properties: India's Thriving Office Revolution

27th June, 2023

Read More

Buy your own home VS Choosing to rent

22nd June, 2023

Read More

Maharashtra RERA Implements QR Code System for Transparent Project Information

19th June, 2023

Read More

The Power of First-Floor Tenement

13th June, 2023

Read More

Real Estate Investment Igatpuri

8th June, 2023

Read More

Investment Options and Avenues in Real Estate

19th May, 2023

Read More

Lifestyle living in dubai

15th May, 2023

Read More

Positive Energy Vastu Items for Home Décor

11th May, 2023

Read More

How Technology is Revolutionizing the Indian Real Estate

28th April, 2023

Read More

Drones in Real Estate

25th April, 2023

Read More

The Rise of Pune's Commercial Real Estate Sector - Factors Driving The Growth

18th April, 2023

Read More

What Makes The Tier 2 & Tier 3 Cities Good Places To Invest In

13th April, 2023

Read More

Navi Mumbai Metro Line 1 – The Real Estate Opportunity

7th April, 2023

Read More

The Rising Demand for Housing in IT hub of Navi Mumbai's

6th April, 2023

Read More

Top Reasons that Drive NRI Investment in the Indian Real Estate Market

31st March, 2023

Read More

Gurugram & Noida - The two most promising investment destinations in the NCR

29th March, 2023

Read More

Top Emerging locations of Bengaluru

24th March, 2023

Read More

Women Empowering the Real Estate Market - Discounts and Benefits from Home Loans

21st March, 2023

Read More

Travel from Thane to Dombivli Under 20 Mins - The Benefits of Motagaon-Mankoli Creek Bridge

17th March, 2023

Read More

Top Reasons to Invest in Dubai's Real Estate Market

10th March, 2023

Read More

Pros of Investing In Real Estate in Top Cities In India

9th March, 2023

Read More

Key Drivers of Real Estate Market Growth in Bengaluru

3rd March, 2023

Read More

Beyond Mumbai and Pune - Invest in Maharashtra's Tier II Cities

28th Feb, 2023

Read More

Top 5 Proptech start-ups in India

22nd Feb, 2023

Read More

Why Andheri is Mumbai's Hottest Location To Invest

17th Feb, 2023

Read More

The Ultimate Showdown - Navi Mumbai vs Mumbai

10th Feb, 2023

Read More

REITs VS Fractional Ownership – The Big Picture On How They Work

23rd Nov, 2022

Read More

Housing demand to rise during festive season – Propfynd finds out!

28th Sept, 2022

Read More

Tips to buy property in India

20th Sept, 2022

Read More

Which is better – Buying a house or renting a house in India.

15th Sept, 2022

Read More

Like every other industry, technology has made inroads into the real estate industry too. From the construction of buildings to property tours and bookings, technology has transformed every aspect of the industry. It has been very quick and agile in embracing and integrating technology seamlessly into day-to-day operations and management. According to JLL's 2023 Global Real Estate Technology Survey, 91% of occupier respondents are willing to pay a premium for tech-enabled spaces.

 

Technology is now looked upon as a strategic investment that creates long-term value. Real estate technology boosts efficiencies across the sector and increases transparency. The Global IT Market in Real Estate is expected to grow from USD 9.55 billion in 2023 to USD 15.61 billion by 2028, at a CAGR of 10.32% during the forecast period (2023-2028).

 

Let’s explore in detail how technology influences the real estate sector:

 

  1. Property listings aided by comprehensive databases

 

Technology enables efficient data collection and curation which makes property listings more reliable these days. One can view an exhaustive list of properties under one roof with advanced tech. You can filter properties based on price, location, and property type among others. Property searching and buying has become a more personalized experience for customers, thanks to tech tools that sift through vast amounts of data to locate the most relevant properties for buyers.

 

  1. Augmented Reality (AR) and Virtual Reality (VR)

 

AR and VR tools have taken property buying to the next level. Individuals can make better-informed decisions with the help of AR and VR tools. The AR(VR) in Real Estate Market is expected to grow from USD 791.69 Million in 2021 to USD 2,774.42 Million by 2027. Property buyers get a realistic sense of the layout and design of the property through virtual property tours and walkthroughs. Moving forward, AR and VR will become an inseparable part of the industry.

 

  1. IoT-enabled smart homes

 

The smart home market in India is expected to show an annual growth rate (CAGR 2023-2028) of 10.31%, resulting in a projected market volume of US$9.2bn by 2028.  Smart homes have taken the real estate sector by storm with the integration of the Internet of Things (IoT).  The advent of smart homes attracts consumers who want to be more in control of their living experience. The remote monitoring and management of appliances and systems have elevated the experience of the inhabitants. IoT enables automation, paving the way for optimized resource consumption, increased security and improved comfort.

 

  1. Enhanced property management

 

Property management becomes easier and more transparent with tech-enabled tools. There are numerous property management software and mobile apps that facilitate rent collection, process maintenance requests, and manage tenant communication. The emergence of tech has helped property managers to gain valuable insights into tenant behaviour and preferences.

 

 

From streamlining processes and enhancing efficiency to providing new avenues for property search and investment, technology has reshaped the way we approach and navigate the real estate landscape. As we move forward, it is essential for industry professionals, stakeholders and consumers to embrace emerging technologies and foster innovation. The integration of tech solutions not only enhances the overall real estate experience for buyers, sellers, and investors but also lays the foundation for a more interconnected ecosystem in the future. 

Article authored by: Team Propfynd

Date: 5th January, 2023

Related Blogs

Why Kalyan Is Emerging As A Preferred Choice For Homebuyers?

19th March, 2024

Read More

The Impact Of The Mumbai Coastal Road Project On Real Estate In Mumbai

11th March, 2024

Read More

How is Andheri’s real estate market shaping up?

5th March, 2024

Read More

Why Thane West Should Be On Your List Of Top Locations For Real Estate Investment?

21st February, 2024

Read More

How is the real estate market shaping up in India?

12th January, 2024

Read More

How To Accumulate Wealth Through Real Estate?

4th December, 2023

Read More

Dubai Real Estate: A League of Its Own

6th October, 2023

Read More

Chandivali’s Thriving Real Estate Prospect

4th September, 2023

Read More

The Power of a Will and its many advantages

29th August, 2023

Read More

The Bright Prospects of Indian Real Estate 2023-2047

21st August, 2023

Read More

Exploring Ready-to-Move Comforts and Off-Plan Potential in Dubai

16th August, 2023

Read More

MahaRERA's QR Code August 2023 Implementation

10th August, 2023

Read More

India's Booming Real Estate Sector: Growth, Investments, and Infrastructure Expansion

7th August, 2023

Read More

The Significance of Sample Flats for Residential Properties

31st July, 2023

Read More

Hyderabad Real Estate: Unveiling the Rise of Newly Launched Homes and Shifting Buyer Preferences

24th July, 2023

Read More

Luxury Living: Why Now Is the Perfect Time to Invest in Goa

19th July, 2023

Read More

Kalyan Real Estate: A Gateway to a Smart and Thriving Future

14th July, 2023

Read More

The Hidden Costs of Apartment Buying in India: A Buyer's Guide to Informed Purchases

12th July, 2023

Read More

Understanding Real Estate Jargon: Carpet Area, Built-up Area, and Super Built-up Area

7th July, 2023

Read More

Dubai's Office Rents Surge Higher Than London and New York, Indicating Market Recovery

5th July, 2023

Read More

Grade A Commercial Properties: India's Thriving Office Revolution

27th June, 2023

Read More

Buy your own home VS Choosing to rent

22nd June, 2023

Read More

Maharashtra RERA Implements QR Code System for Transparent Project Information

19th June, 2023

Read More

The Power of First-Floor Tenement

13th June, 2023

Read More

Real Estate Investment Igatpuri

8th June, 2023

Read More

Investment Options and Avenues in Real Estate

19th May, 2023

Read More

Lifestyle living in dubai

15th May, 2023

Read More

Positive Energy Vastu Items for Home Décor

11th May, 2023

Read More

How Technology is Revolutionizing the Indian Real Estate

28th April, 2023

Read More

Drones in Real Estate

25th April, 2023

Read More

The Rise of Pune's Commercial Real Estate Sector - Factors Driving The Growth

18th April, 2023

Read More

What Makes The Tier 2 & Tier 3 Cities Good Places To Invest In

13th April, 2023

Read More

Navi Mumbai Metro Line 1 – The Real Estate Opportunity

7th April, 2023

Read More

The Rising Demand for Housing in IT hub of Navi Mumbai's

6th April, 2023

Read More

Top Reasons that Drive NRI Investment in the Indian Real Estate Market

31st March, 2023

Read More

Gurugram & Noida - The two most promising investment destinations in the NCR

29th March, 2023

Read More

Top Emerging locations of Bengaluru

24th March, 2023

Read More

Women Empowering the Real Estate Market - Discounts and Benefits from Home Loans

21st March, 2023

Read More

Travel from Thane to Dombivli Under 20 Mins - The Benefits of Motagaon-Mankoli Creek Bridge

17th March, 2023

Read More

Top Reasons to Invest in Dubai's Real Estate Market

10th March, 2023

Read More

Pros of Investing In Real Estate in Top Cities In India

9th March, 2023

Read More

Key Drivers of Real Estate Market Growth in Bengaluru

3rd March, 2023

Read More

Beyond Mumbai and Pune - Invest in Maharashtra's Tier II Cities

28th Feb, 2023

Read More

Top 5 Proptech start-ups in India

22nd Feb, 2023

Read More

Why Andheri is Mumbai's Hottest Location To Invest

17th Feb, 2023

Read More

The Ultimate Showdown - Navi Mumbai vs Mumbai

10th Feb, 2023

Read More

REITs VS Fractional Ownership – The Big Picture On How They Work

23rd Nov, 2022

Read More

Housing demand to rise during festive season – Propfynd finds out!

28th Sept, 2022

Read More

Tips to buy property in India

20th Sept, 2022

Read More

Which is better – Buying a house or renting a house in India.

15th Sept, 2022

Read More

All rights are reserved | Copyright © 2023 PropFynd | Regenti InfoTech Pvt. Ltd. Powered By

X

Fri

03 May

Sat

04 May

Sun

05 May

Mon

06 May

Tue

07 May

Wed

08 May

Thu

09 May

Fri

10 May

Sat

11 May

Sun

12 May

Mon

13 May

09:00

AM (IST)

09:30

AM (IST)

10:00

AM (IST)

10:30

AM (IST)

11:00

AM (IST)

11:30

AM (IST)

12:00

PM (IST)

12:30

PM (IST)

01:00

PM (IST)

01:30

PM (IST)

02:00

PM (IST)

02:30

PM (IST)

03:00

PM (IST)

03:30

PM (IST)

04:00

PM (IST)

04:30

PM (IST)

05:00

PM (IST)

05:30

PM (IST)

06:00

PM (IST)

Enquiry Now