Among the sectors affected by the pandemic was the once-healthy real estate sector. With new trends emerging, the real estate market is likely to change in a post-COVID society.
Listed below are a few trends emerging in real estate:
Smart homes are rapidly becoming more popular around the world.
Currently, due to COVID-19 pandemics, there is increased demand across the globe for smart homes. Many realtors started designing homes with IoT capabilities to reduce human contact. Today you can now enable Voice-controlled electronics such as televisions, lights, thermostats, speakers and more, reducing the need for household products with high-touch surfaces. Having taps and flushes based on sensors allows you to avoid contact with surfaces further. Furthermore, developers are planning to develop security services and intelligent solutions to attract buyers.
Online home tours
Thanks to real estate agents! Today this technology allows you to take virtual tours of homes without physically visiting sites. The technology used in virtual tours combines 3D models, video conferencing platforms, and technology beyond 2D photographs.
Similarly, it has proven beneficial to NRIs who wish to buy real estate in India. Therefore Virtual property tours are one of the hottest trends in real estate, providing conveniences from easing schedules to visiting homes in distant areas virtually.
Since the outbreak of COVID-19, moreemployees are working from home to avoid contact with the disease. Companieshave begun to adopt flexible working policies as a result of this newtrend. Ultimately, this will result in less office space peremployee; however, there will be an increasing demand for innovative,collaborative, and comfortable space for employees.
Using cloud technology, you can now connect to online databases and other resources directly from your enterprise desktops to support remote working. To ensure that you can access sensitive data and systems, big corporations use virtual private networks (VPN) and multifactor authentication technology.
Property transactions go online.
Since the advent of property business websites over the past decade, it has become easier and more accessible for you to navigate the world of real estate. These platforms aim to simplify the whole process for the parties involved. The entire process of finding property or selling has become hassle-free by going online, whether you are searching for a suitable property or selling.
Several technological developments and innovations have transformed India’s infrastructure and real estate markets in recent years. Therefore India’s infrastructure business will be fascinating to watch over the coming years.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.