Technology Playing a Substantial Role in Real Estate
Technological advancement is happening in every industry, real estate is no far behind. Various innovative technologies have been introduced in this industry to ease the way it works. This technology includes 360 degree videos, pricing models, agreements made online which will have a great impact in 2019. The e-signed documents, mobile apps have smoothed the process of selling and buying properties.
The Automated Valuation Models has enabled users to gauge the expense of buying property. The block chain enabled transactions could be a relevant thing in the upcoming years. Many builders of residential and commercial properties have embraced the technological changes in various stages of the construction process.
3-D virtual tour of the site is also done to attract customers. This gives the customers a real time experience of living. The RERA(Real Estate Regulation and Development Act) has come up, which makes it mandatory for the projects to be registered with them and all information of the project to be uploaded on website. The buyers can have access to any information pertaining to the property online from various sources.
The concept of intelligent homes has come up with internet of things amenities, home automation, control lighting, automation, bio-metric security locks, security system integrated with mobiles. With the progression in technology at each phase of buying property, there is an ease and a smooth flow of process and it’s a pattern that is set to fortify in the years to come.