The entrance of major private players in the education sector has created enormous opportunities for the real estate sector. Emergence of nuclear families and rising urbanisation has given rise to several townships that are developed to take care of the elderly. Development in the number of tourists has resulted in demand for service apartments.
In the present time most of the customers are using search engines to buy, sell and lend a property. Because of this bang the realtors and property dealers have entered this segment where people from different locations looking for homes, rented apartments, row houses etc. can come online to buy, sell and rent properties. From buying, selling, renting and leasing, a properly designed and developed real estate website can lift the business of real estate agents and property dealers to an extraordinary height.
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How Information Technology Have Changed The Real Estate Industry?
Global Virtual Market
Buying a property is much easier now with the virtual real estate market created by the Internet. You can now investigate and gather information about a property in ECR sitting in the comfort of your home. You can easily check for property listings, locations types and developer reviews with the click of a button.
Virtual Reality
You can now experience living in your new property before moving in with the help of VR. This cutting-edge technology is also used by real estate developers to advertise a brand new property to potential home buyers. Commercial use of VR across the country which proves that this trend is here to stay.
Showcases Project
Building Information Modeling (BIM) is an innovative technology used by property developers to showcase soon-to-be constructed projects to potential home buyers. With the use of this technology, architects can project a 3D design of the development. This gives potential investors a closer insight into the physical dimensions of the building with an emphasis on the strength, lighting and skeletal structure of the property.
Changed Game
Social Media has a huge influence on consumers from different walks of life. From checking out authentic reviews of new projects to joining groups and having a detailed discussion of the amenities and facilities provided by well-established property developers. Social Media is also an excellent platform for real estate developers to advertise their properties and reach out to their target audience.
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