Latest Innovations Revolutionizing the Real Estate of India
The real estate industry has seen a lot of changes in the last few years and much of that can be attributed to the rising use of technology in the construction industry. Here is the list of top revolutions in the real estate:
3-D has a major impact on the real estate industry. It has become a critical technology being adopted by developers to design high-quality walkthrough on online portals for home buyers Theses walkthrough allow buyers to look at all topographical aspects of the proper through hand-held or computer devices These days, companies are widely using footage or computer graphic renderings, to present a clear picture of the project
Home automation is widely being adopted at different levels in residential as well as commercial set-ups. With the Internet of Things now set to become a reality, home automation is likely to proliferate further. This technology allows homeowners to regulate their home electricals and appliances with the click of a button, ensuring safety.
These days, there is an increasing concern for the environment. Developers have recognized that haphazard construction or use of harmful creating products, can cause wastage of natural resources in order to make sure that further degradation is not caused, developers now want to invest in green building technologies and methods. Moreover, the government has issued strict guidelines to maintain the ecological balance of the society.
Faster Construction Techniques
In today’s modern era, Faster Construction Techniques are one great demand These techs include pre-fabrication and 3-D printing, support developers to build projects in less time. Real estate companies are coming up with a lot of projects with these advanced techniques, thereby, meeting the ever-growing demand for real estate.
Private Equity in Real Estate
Private equity funds have triggered aggressive investments in the property market. Investing directly into the market can be a prolonged task that needs identification of a location and estimation of a project’s future value. At the same time, realty PE funds enable a buyer to invest in the market on the fund manager’s expertise. PE funds also allow investors to put money into foreign real estate projects.
Real Estate Regulation
A certain amount of transparency has been brought to the real estate market through regulation, in various countries. These laws regular the developers and secure the rights of home buyers. These laws are expected to organize the otherwise unorganized markets The Real Estate Act is now supporting, to move in that direction.
Virtual Tour Innovation
In the early days previewing a property was about flipping through a book of small black and white pictures. Now we enter the digital era. With faster download speeds, we can now cycle through hundreds of photos of a home on our phones. Today, we in the next phase of real estate innovation are virtual tours.
Customized Payment Plans
Today, home loan facilities allow customers to choose payment plans as per their financial state. Besides, these plans are flexible and some of them can be availed at a minimal or zero down payment
These are the top revolutions brought by technology in the Indian real estate industry. Keep visiting the site to read more such informative and interesting contents.