Hello Sir,
I am ready to support you on your mission. I have written a magazine too in a company on real estate.
The Rise and Growth of the Technology in Real Estate Industry
Whichever way one looks at it, change is happening right here, right now and the role of technology will only increase as the sector matures. The only way forward is to embrace the inescapable restructuring or risk being left behind by the competition. The conversation between the real estate experts have led numerous organizations to explore the impact of technology, construction designs and developments, big data, IoT and artificial intelligence. Through this, the real estate sectors are able to provide the insights of latest trends and successive techniques of technological digital investments. This has also helped the organizations to create a seamless experience for consumers by reducing the expenses while increasing the efficiency in the today’s market. As people are relying on technology to meet their everyday demands, the real estate sectors are adapting and embracing technologies to pave a way towards the advancement of the industry.
In addition, the organizations functioning in the real estate sectors is developing tech-driven applications, systems and processes which is reshaping the real estate industry’s operation. In this emerging ecosystem, the entrepreneurs and innovators are seeking to introduce new technologies to digitize the offline business norms that were established a long time ago. Further, the experts are developing tech enabled service solutions that were previously unavailable and are creating tools that can maximize the operational efficiency. Accordingly, the intense real estate tech ecosystem is composed of diverse companies that are developing solutions. This can impact the broad array of experts including brokers, investors, real estate-focused lender & mortgage providers, property owners, managers and even the buyers.
As the entrepreneurs have continued to attract the clients by unfolding the tale of various opportunities offered within the real estate through transparency, the real estate tech ecosystem has grown in both size and scope. According to the data released by the independent researchers, the private equity investments in real estate are estimated to grow to 100 billion US dollars by 2026 with tier 1 and 2 cities being the prime beneficiaries. Besides, from the January-March 2018 report, the private equity investments in Indian real estate are identified to increase by 15 per cent year-on-year which is estimated to be 2.56 billion US dollars.
Additionally, the evolving real estate industry is empowering the entrepreneurs to invest in tools that might add value to the quality of their everyday life. In other words, the implementation of real estate technologies would allow customers to have better experiences of online video tours, smart homes and package delivery systems. It would also reduce the unnecessary tasks for agents and help them to increase the productivity of sales for construction companies via mobile applications, 3D printing, and virtual reality. This may also end-up in creating a strong foundation for successful development in communities.