Effects of Latest Technology on Real Estate Industry

Technology is growing and evolving with each passing day and the real estate industry is already trying to cope up with it.

Many of the big players are into upgrading their proprietary technological solutions, while others are spending a lot into customized applications. It has already been seen before in other industries - everybody wants to be on the upper hand in this ever growing competition. History is witness to these evolutions; however, reinvention is most of the time an unnecessary demand as it leads to further fragmentation and makes industries less competitive. While industries that are technologically advanced have already moved from a restricted-use model long ago and have embraced an outsourced consumption model whereas the real estate industry, has not yet indulged into it. The technology is out, but now, the desire to advance from the traditional way of has been getting old-fashioned at a rapid rate.

Here are some technologies that own the potential to become a necessity in the real estate industry:

1. Indulging Into Virtual Reality (VR): - One of the most infamous applications that are becoming rapidly popular among the consumers and businesses today, as it is easy-to-use and user-friendly for real estate, is - virtual reality (VR). Advanced realtors are already shifting beyond the regular photos, the 360-degree videos that seemed larger than life at some point of time and are into offering their clients 3D “tours” on the virtual property on their digital devices. Different levels of 3D aggregators are always on the market, but they still belong in the early days for acing the real estate industry.

2. The Cloud: - Is another platform with a wide-ranging effect that takes on the closing procedure. Since the closures have always been a pain for any real estate player, The Cloud has been a savior. With better data management applications, the whole procedure can now be streamlined for commercial as well as residential purchase purposes with electronic signatures. These indicate simplification of lengthy procedures that often consumed days or even weeks.

3. Usage of Blockchain: - The perfect place for the cryptocurrencies in the real estate transactions. Blockchain’s security, transparency, as well as efficiency in innovations, are what actually matters to real estate buyers, sellers and/or renters. Transparency is what actually concerns the buyers, renters and the sellers, which Blockchain ensures totally.

The real estate industry still lies in the beginning stage of technological innovations. Since it’s just the beginning, what we can do is be patient and not underestimate the potential of growth of this industry. With the 21st century bringing in dynamic changes to the world as a whole, we can surely expect home buying experience to be more interesting yet user-friendly and informative for all the players involved.

Signature Global, led by strong management and highly-qualified Board-of-Directors team, it is poised for rapid growth. The team’s extraordinary experience and detailed industry insight allow the company to discover new opportunities and realize their true potential. Its projects are widely spread across the country - be it the corporate offices or residential buildings. Their projects cover the areas of Gurugram, Karnal and Ghaziabad. Some of their successfully completed projects include: -

1. Solera Complex (Solera2 Sector 107, Gurugram).

2. The Roselia (Sector 95A, Gurugram).

3. Synera (Sector 81, NH8, Gurugram).

4. The Serenas (Sector 36, South of Gurugram), and many more.