How state-of-the-art Technologies are Redefining Real Estate Industry

With every sector slowly optimizing itself to become more technically competent, the transformation of real estate sector is also underway. Primarily focusing on ensuring a better customer experience through its services, the real estate sector is drifting from the archaic process of buying and selling.

As observed by industry experts at Modi Builders, top builders in Hyderabad, there are several real estate trends that are expected to shape the outlook of the sector.

5 Real Estate Technology Trends are Listed below :

Virtual Reality

The concept of virtual reality has helped real estate agents, and developers redefine their business operations. With spatial immersive property tours and 360-degree views, companies are using top-level services to attract more customers and cut their overall operating costs.

Automated valuation models

Get accurate real estate property valuations through the automated valuation model (AVM) services along with a comparative analysis of various pertinent properties.

3D Printing

The practice of 3D printing is most widely used in the real estate industry. The construction industry has capitalized the full potential of 3D printing, with building safer, environmentally sustainable, and better properties.

Smart Technology

As AI enters into property mainframe, the consumers insistently move towards smart homes. The possibility of it was quite distant a few years back, but now, with technology advancing manifolds, making your abode a smart home is a convenient option.

Chat Bots

Servicing existing customers, as well as assisting prospective buyers has been made easy with the introduction of AI-infused chatbots. The system has the ability to cater to every clients’ need, and modify its operations accordingly.

Technological advancements like the introduction of artificial intelligence, and increased focus on online presence have been undercutting the traditional real estate business, making it more congruent with the recent trends. The change could certainly lead to portfolio expansion, mutually benefitting the consumers and the developers.