Effect Of Technology In Real Estate

The age of industry is in the past. Now, it’s the age of technology and real estate is becoming a part of it. Here are a few advancements done in the real estate sector

Mobile Applications

As the marketing saying goes, “if your plans don’t include mobile, your plans are not finished”, the real estate sector has also started entering the mobile world. The entry of real estate into the mobile world has not only opened many doors, but, it has also bought the comfort to the palms of the user.

AR And VR

With the entry of Mobiles, there has been the entry of new technology of AR and VR as well into the market. This has opened up the real estate market to a wide range of possibilities such as:

• Giving the builders and buyers a better perspective of their products
• Virtual property showcases – virtually visit properties without leaving their home
• Virtual staging
• Architectural Visualisation – to market a property that is not fully constructed yet.
• Virtual instructions for tenants – pass instruction on how certain facilities work
• Virtual commerce – to make changes on what they say. Mainly interiors and many more…

You can take look at some examples in this link

Location Tracking

Not only has the google maps started using the location trackings, but even real estates have also started with the tracking procedures. It is not the same as the google maps, but similar. Technology has surely made real estate sophisticated!
OYO is one such example where they use your location to help you find rooms or hotels close by.

Security

Mobile technology has not only made real estate more sophisticated, it has also made it more secure as well. Now you can track everything with just your mobile devices in real time!
Gatekeeping technologies such as ADDA and TheHouseMonk keep a real-time track of the people visiting you. They even have the feature of taking photos of who will be visiting you including vendors and housekeeping.

Blockchain

Blockchain being the new age technology, real estate has already started adopting it. The recent startups such as PROPY have adopted the cryptocurrency payment methods. They also allow you to convert crypto to traditional currencies and vice versa making things easier.
Since blockchain is all about transparency they provide with the much-needed security in the real estate sector, making it an apt technology for real estate.