Technology is transforming the real estate space in several ways and stakeholders are exploring more opportunities than ever.
Innovation and technology has penetrated into almost all industries consisting of business and enterprises, and real estate industry is no exception. The real estate industry has assimilated technology in a manner that has made it resilient, invincible and given it a new and vibrant dynamism.
As the sector is quite data-driven and several digital opportunities are being untapped , this makes it appropriate for utilizing technology driven and inventive advances as a way to address their difficulties like utilizing space all the more proficiently, working on occupant experience and fulfilment, and dealing with the carbon footprint of their assets . As the industry continues to grow some value proposition can be expected in the proptech market in the upcoming years.
Several augmented activities like listing of properties which is also being revolutionized in a new way which is benefitting the developers as well as the property buyers. There is a lot of innovation and value that these start-ups are bringing in with the infusion of technology.
It has been clearly envisaged that only the most versatile companies will be able to scale within the largest asset class in the world.
Investors increasingly are looking out for tech-enabled third parties to add more velocity to the conservative Real Estate business models that have been in the market for several years. The stakeholders expect real estate giants in the residential and commercial real estate to be significantly impacted by broad technology advancements.
Amidst the pandemic economies across the world have upturned. However the ascent and quick adoption of innovation is the cornerstone the industry needs to keep with the new normal. Savvy office structures, land assessing, and multi-facet mechanization solutions will undoubtedly be the future of the real estate. As we move toward increasingly smarter architectural infrastructure around us, privacy considerations should be accounted for to ensure that we create inclusive and safe environments for all.