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Business leaders, such as Vinod Goenka of DB Realty and others from the industry, have always emphasised on the critical role that technology can play when it comes to empowering the buyer. <br>
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Proptech is one of the fastest growing tech areas, giving rise to new innovations in the real estate domain. It’s bringing buyers closer to sellers and making the entire process more engaging for all parties involved. Business leaders, such as Vinod Goenka of DB Realty and others from the industry, have always emphasised on the critical role that technology can play when it comes to empowering the buyer.
With the rise in technology adoption, the introduction of Proptech has been a seamless one. Leading developers have adopted cutting edge technologies such as 3D viewing, AR/VR and AI-enabled Chatbots. It’s shifting the perspective around the Indian real estate space as developers, such as Dynamix Group, leverage the power of technology further. Proptech solutions have been empowering buyers at every step of the way. It’s giving more information to customers right from the beginning of the buying process. With the introduction of AR and VR, buyers are able to better visualize properties that are currently under development. It provides a more hand’s on experience, and a more memorable visit through the virtual space. This is bridging the gap between under construction raw building layouts and the project’s future potential. Technological innovation is also enabling customers to get quicker scheduling and customer service via the direct web presence itself. Through online chatbots and 3D visualizing, essential queries around the property layout, location, facilities and blueprints can be resolved without contacting an agent. The information is present for anyone to review, making the process that much easier for prospective buyers.
The entire process of project management and on-site development is becoming streamlined through the introduction of Proptech. With the help of Big Data, analytics and AI, developers are able to better match the real time demands of the customers and what offerings can be provided by real estate developers. Advancements in 3D visualizing, design, and building information modelling (BIM) have made it easier for real estate developers to create more desirable spaces. The impact can be directly felt by the buyers, who will have more options in the marketplace when it comes to appealing homes and complexes. Automation is another critical benefit that Proptech developers are providing real estate leaders. Through the power of automation, core processes can be made streamlined while being managed via a centralized dashboard. They are also enhancing the cybersecurity of the data being processed, through automated security checks and escalation via flagging.
Proptech is also enabling complexes to manage their facilities better. Through the power of society management software, facilities scheduling programs and drone technologies, developers are able to get a 360-degree view of their projects. The resulting insights help developers manage their facilities better for a more enhanced resident experience. Security is also enhanced, through the help of better tagging, ID management and entry logging. Facilities can be better managed when Proptech innovations are employed to connect buyers and builders digitally.
