Connections and networks are always the core of real estate transactions. Previously, this connection was made by having a regular meeting with people; today, the internet has relieved it with strong global progress. Here are some top tech trends impacting Indian real estate in 2021 explained by top builders in Jaipur.
This technology has allowed people to search, buy, sell, or rent properties anywhere at any time by simple rolls and clicks. Exactly from the creation of real estate websites for combining block chain technology in real estate transactions, Indian real estate sectors certainly evolved in technology evolution. And this technology effect only grows stronger with every day passing. With that thought in mind, here is the appearance of the top technology trend that has an impact on Indian real estate in 2021.
AI Took the Front Leg
Artificial intelligence and machine learning will surely take forward legs in the Indian real estate market. This AI and ML tool is not only limited to answer property related queries for home seekers. This technology will surpass it and do market status analysis, price fluctuations, demand supply graphs etc., to predict the Indian real estate market trends. Apart from that, AI and ML, powered with rich data, will also help them in property assessment, compare property prices, and assess localities or zones, etc. All in all, artificial intelligence will be the powerful technology that will affect purchases and sell decisions in Indian real estate.
Smart Home is Up
With everything that becomes smarter and connected via the internet things or IoT, Indian real estate also experiences a shift towards this smartly connected world. The next generations of property buyer’s expectations are not only limited to world-class interiors, modern facilities, and luxury decorations. They want smart homes connected to cell phones in their pockets. Electrical gadgets and controlled electrical equipment, touching interfaces, and security systems with cellular applications, are just a few basic smart amenities they requested. Projects and new homes in India will be connected and smart to fulfill this request.
Large Data for Fuel Marketing
Marketing and sales operations in the real estate sector will be triggered by large data that has been collected by real estate agents through their website. Not only this data will help expand their sales and improve marketing strategies but also allow them to understand what things can drive actions from property seekers. This will help produce insights for future marketing campaigns and offer better assistance to buyers regarding their questions. Even the chat bots used by dealers can help them get structured data to streamline their further operation.
VR for Real Estate Tour
How cool if the property seeker can only do a home tour without disturbing the people who live there now? While Virtual Reality AKA VR has made head spinning (literally) in entertainment & gaming and various other sectors, 2021 will be a year when virtual reality will enter the realty sector. The mass adoption of VR tools by people will be the main tool, bring people around homes and other properties. Property seekers can get a complete real estate tour aka VR Walkthrough from the 24 * 7 property without having to move even one foot from the comfort of their home. In addition, buyers can also use furniture, decorative items, etc., from the VR catalog to visualize how the property will be visible.
Block Chain to Increase Transparency
Other technological trends that will be dominant in the real estate sector in the coming year will become Block chain technology. Many industries such as banking, finance, taxis, law, etc., have used Crypto technology supported by this currency to avoid fraud. Indian real estate will also embrace Block chain technology to increase transparency in its transactions, thus building buyers’ trust in this sector. Block chains can safely store all related documents such as land titles, property actions, loan documents, etc., and offer instantly to verify anything. This technology will also allow property sellers, buyers, and tenants to transact using minimum documents. Various crypto currencies in block chain technology such as Bit coin, Lit coin, Ethereal etc., can also be used to make transactions in the future.
While the real estate market is mostly dominated by offline offers and transactions, in recent years it has seen it a drastic tendency to technological advancements. This can be a revival of real estate portals, real estate applications, or something simple such as sensing location through GPS, technology has permeated into the real estate sector. And 2021 will be a year when real estate in India will truly embrace the world’s advanced technology and offer seamless support to buyers, sellers, developers and agents. If you planning to buy flats in budget then try these luxuries 2 or 3 BHK flats in Jagatpura Jaipur.