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Prop-tech, also known as property technology, is the use of technology in the real estate market. This includes everything from online real estate technology platforms and apps to drones and 3D printing. India is diving into prop-tech news to establish new prop-tech trends in the real estate industry in the coming years. The two primary prop-tech categories are front-end and back-end. Real estate apps and portals are examples of front-end property technology. Back-end technologies that enable these front-end systems include data analytics and cloud-based software. Property technology can range
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How is Prop-Tech shaping the future of real estate?
Blockchain Blockchain technology is also gaining traction in the real estate technology sector. The majority of people associate distributed ledger technology with cryptocurrencies such as Bitcoin. It has the potential, however, to change the way we buy, sell, and rent real estate. In the year 2022, blockchain could be used to create a decentralised database of all property transactions. It would make it much easier to track property ownership and transfers.
Internet of Things (IoT) The Internet of Things is another cutting-edge technology that is beginning to have an impact on the real estate industry (IoT). The Internet of Things refers to a network of physical items that are linked to the internet (IoT). Refrigerators, televisions, thermostats, and light bulbs are all included. The Internet of Things can be used by the real estate technology industry to build "smart homes." These are homes that are equipped with a variety of connected devices that can be managed remotely. You might be able to change the temperature or turn on the lights from your smartphone before you even get home.
Augmented reality You can see a property as it would appear in real life, complete with furnishings and accessories, using augmented reality. Furthermore, virtual reality allows you to walk through a property and get a sense of the neighbourhood before making a decision. This is especially important for people who are buying or renting a home without first seeing it, such as overseas buyers or tenants. It also means you can view a home whenever you want without having to work around someone else's schedule.
Drones Drones are yet another technological revolution that is reshaping the Pune real estate market. Drones are becoming increasingly popular for real estate videography and aerial photography. This provides potential buyers or tenants with a better understanding of the layout of the land as well as nearby features such as parks, schools, and transportation links. It also means that brokers can present a property in the best possible light rather than relying on low-resolution images that may not do it justice. In addition, incorporating drone footage can help your listing stand out from the crowd if you're selling a home.
3D Printing 3D printing is another technology that is beginning to have an impact on the real estate industry. This method of additive manufacturing can convert a digital file into a three-dimensional object. And it's not just for small objects anymore; 3D printers can now print entire houses. This method could be used to create custom homes that are tailored to the needs of the tenants. A 3D-printed home, for example, could be designed to be more energy-efficient or accessible to people with disabilities.
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