How Is Technology Changing The Real Estate Industry In India?

In today’s tech-driven world, life seems unimaginable without smart gadgets. Technology is dominating every sector in the world and the real estate industry is no different. However, many people still believe that real estate is relatively a conventional sector compared to other industries. But as a matter of fact, it’s not true. The inception of new technologies such as Artificial Intelligence (AI), Virtual Reality (VR), Augmented Reality (AR) and other such tech-based approaches have completely transformed the old and boring working model realty sector. From smart homes to smart offices, technology has changed people’s standard of living as well as working for good.

Having said that, let’s understand how technology is impacting Indian Real Estate:

1. Virtual home tours: Virtual Reality (VR) is not an unknown term now even for the realtors. Ever since the COVID-19 pandemic disrupted the world, the demand for virtual home tours has increased. Moreover, the 3D version of property gives a sense of belongingness to the buyers.

2. E-signing agreements: With the recent digital revolution in the real estate market, e-signing agreements have also become a need of the time as it helps in reducing the hectic paperwork involved in the process.

3. Smart homes: Transforming your old house into tech-enabled property is the new way to grab the attention of potential buyers in the digital buyers. If you also wish to transform your conventional property into a smart home, Hub and Oak Realty, a leading real estate agency in Delhi-NCR, can help assist you in the process. Our in-house team of professionals has a lot of experience in the residential market. Hub and Oak is best known for its tech-enabled services in real estate.

4. ibuyers: ibuyer, or commonly known as instant buyers is a real estate company that uses internet algorithms and technology to buy and resell residential properties in a short period of time.

5. Robotic process automation: As the term defines itself, in this process, you can take the assistance of digital softwares or bots to simply automate your regular tasks at work which don’t require high-level decision making.