Tech-Enabled AI is Set to Rewrite the Future of the Real Estate Sector

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

WP Rocket - WordPress Caching Plugin

Must Read

Technology-enabled real estate development is rewriting the future of the sector, which has faced a huge downturn during the pandemic but is gradually showing slow but sure signs of recovery, leading industry experts said on Wednesday.

Technologies like AI are being seen as game-changers in the industry, especially during the pandemic that has led to increased adoption of technologies and the embracing of innovation by the industry.

Also Read

From Artificial Intelligence recommendations to Virtual Reality tours, home buying and selling have undergone a drastic change with increased efficiency in marketing, due diligence, and sales processes.

While investments in Proptech have been on an upswing over the last few years and the industry today has several successful Proptech companies like 99acres, PropTiger, and Magicbricks operating in India for some time now, leading global real estate technology companies like Compass, Inc. have also set up their technology hub in India in the last year.

The major focus of Compass India Development Centre has been on expediting software engineering and development across the fields of Mobile Apps, Cloud Computing, Artificial Intelligence, Machine Learning, RPA, and Data analytics.

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

For instance, the company has recently announced the launch of an AI-powered video studio globally.

“In real estate marketing, images and video are paramount. The most competitive agents must be able to create beautiful, persuasive marketing videos to attract the right buyers, but doing so is time-consuming, difficult, and expensive. With Video Studio, Compass agents have the power of a professional graphic designer at their fingertips, allowing them to create compelling marketing content for social media, email or digital ads” said Joseph Sirosh, Chief Technology Officer, Compass, Inc., and a global AI expert.

Another recent technological development in the real estate landscape is virtual tours. Virtual tours and virtual reality allow customers to follow 3D views of properties online, which is beneficial for remote & abroad properties and those still under construction.

Emphasizing this, Prashant Solomon, Managing Director, Chintels India, and Treasurer, CREDAI NCR said: “Digital technology has left an indelible mark on how the industry functions. Property search and online transactions are simpler, companies are implementing virtual home tours to help people buy or sell homes, and finally, e-signing and online property agreements are on the rise.”

With all eyes on AI, it’s clear that this technology will impact the future of real estate in a big way.

According to the Deloitte real estate prediction report for 2021, it was stated that the year 2021 will initiate an era in which enhanced AI-driven location analytics for real estate will reach maturity and become suitable for the masses.

There will be enough users to create a proper impact on the market for its full potential to be unleashed for the first time.

Unarguably, AI is primed to upend the real estate industry.

iThemes WordPress Hosting

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.



- Advertisement -
- Advertisement -


Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.


Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.


OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.


- Advertisement -
- Advertisement -
India to Produce Upcoming iPhones: Trade Minister Japanese Professor Developed A Power Semiconductor made of Diamond Google Releases New Product for India’s Merchants Indian EV Startup Unveil Two AutoBalancing Electric Scooters OPPO Find X6 Pro Images Render via Weibo Sony Develops New Tech to Reduce Noise of Image Sensors Tesla’s S & Y Models Earn Best-in-Class Cars of 2022 India Approved $320m to Promote Homegrown Payments Network Twitter Roll Out TikTok-like ‘For You’ Timeline on iOS Nothing Phone Enters US with Beta Membership Program
Finally! Apple’s VR Headset Coming this Spring Harvard Scientists Develop New Cell Therapy to Kill, and Prevent Brain Cancer HTC Vive XR Elite VR/AR Headset Now Selling for $1099 Realme 10 Launched in India with Helio G99 Gaming Chipset Twitter Data Breach Revealing User’s Private Information Instagram New Feature to Create Albums With Friend Redmi Note12 Pro Plus Launched in India POCO C50 Launched in India