RISE OF PROPTECH IN INDIAN REAL ESTATE

A new buzz and something that is accelerating the real estate market is PropTech. We saw a shift in focus and adoption of PropTech by renowned real estate players with significant investments in 2021. The demand for the same is greater than ever. As a result, there has been growth, with megatrends such as demonetization, RERA, and the global pandemic serving as catalysts (COVID-19). Technology has revolutionised the way we rent, buy, and sell commercial and residential properties, among other things.

Let’s define PropTech in simple terms before looking at the big PropTech trends that dominated the real estate sector in 2021.

Property technology (PropTech) is a new approach to real estate that uses technology and software to meet today’s needs.

PropTech

INDEX:

1. Key areas of expansion:

2. Important considerations of India’s PropTech growth 

3. A big picture of India’s PropTech industry’s framework

4. Data analytics to be a game-changer in the future. PropTech

 

1. Key areas of expansion:

  • Better regulation and governance – RERA and other regulatory bodies, giving consumers more power.
  • Many companies are digitising land records as part of their digital infrastructure.
  • Capital and talent – today’s talent pool is exceptional.
  • According to Venture Highway Partner, the aforementioned points are the cusp’s starting point.

PropTech india

2. Important considerations of India’s PropTech growth 

  1. Property searches and transactions are done online.
  2. View your home from any location using virtual reality or augmented reality.
  3. Analytics on big data.
  4. Efficiencies in building and construction.
  5. Smart buildings and home automation
  6. Water and waste solutions based on the Internet of Things that are sustainable.
  7. Interior design.

3. A big picture of India’s PropTech industry’s framework

  • According to reports, PropTech will be worth $551 million in 2020.
  • The first PropTech accelerator fund in India (Brigade Reap) mentored 50+ PropTech start-ups.

4. Data analytics to be a game-changer in the future. PropTech

PropTech data

All actions are driven by data; 15 years ago, there was no data, and today, data analytics is big. As a result, significant progress has been made. Businesses are eager to collaborate with developers because it allows them to increase revenue, lower costs, and improve operations. 

PropTech has the potential to grow significantly in the Real Estate Sector, with the likelihood of completely revolutionising the industry.

How we can help

 

Bridl360 can help you choose a property that suits your tastes and a bank with a  good home loan and a good Pre-EMI system so that you don’t have to settle for less.

 

We have a variety of luxurious apartments and villas with affordable Pre-EMI systems and fabulous amenities that could easily be the home of your dreams.

 

For more information or to book an appointment, contact us here or call us on +919966696961

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