Real estate in India has taken a new form by the touch of technology. No industry can move forward without the eternal blessing of such an innovation. The success of the real estate industry in India began from the year 2013 when Proptech in India made a grand venture with 77 deals amounting to 298 million US dollars. This three digits prominent figure was the latest most significant number in the Asia, Pacific boundary. The in-between of 2000 marked the emergence of property technology and made a spectrum for the online marketing platform. It expanded torrentially over the years with a private increase in the revenue.
Technological bombardment in the advancement
The cutting edge technology adopted by property Holders Company is creating an opportunity for the construction companies, the real estate industry to develop and enhance and dominate in every field. The different tools that are readily helping the real-estate agents in their activities underlying different projects are Enterprise Resource Planning and a cloud-based software termed as Software as a Service. The ultimate resourcefulness is the contribution of technology. It would not happen in mid-2000 when everything was under a slow progression and communication was slow.
Following are the benefits of the ERP solutions that have moulded the entire real-estate business; they are the time lapse or the time management, the project expenses, distribution of resources, inventory coordination and other effective operations. The two fields of Augmented Reality and Virtual Reality have given clients delightful experiences in buying a real-estate.
Smartphones have granted their help in being the best handler in the real-estate business. Most of the time, it is the most natural accessible device where any transaction and buying can take place with proper time management and without any obstacle. There are several apps which can be opened through phones. Hence dealing with the properties is not a problem when one has several methods and platforms. In 2030 it would break the finishing line of having the 3rd largest real-estate market in the world as recorded by KPMG and NARDECO.
India would be the contributor of the 15 per cent of its GDP which would be extravagant progress in the area of commerce and financial development. All this would be the delivered services of the technology and internet facilities that would drastically increase to open flexible routes for more clients, thereby upgrading the position of the country in the world level and make it a part of the integral development.
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