Bangalore is known as Indian silicon-valley, this
means it is one of the places in Indian that technology is rapidly modifying.
In this place, there are professionals in different fields of IT and big brands
are relocating to this place because of the potential it holds. These
activities have affected the level of infrastructural development in this
region positively, the real estate has also been impacted by this growth.
With the incoming of these Indian and also Multinational
Information technology companies, there has been an incredible boost in the
real estate market in Bangalore. These MNCs prefer leasing to buy because it
makes them more flexible when it comes to relocation. Over the years, there has
been a huge demand for office spaces and contact centers in Bangalore.
Real estate companies
are adjusting their strategy by building more luxurious and comfortable
residential projects that suit the standard of this place. Republic of
Whitefield an example of the real estate companies undergoing massive projects
to meet the demand of their clients. They DivyaSree Developers located in
Whitefield Bangalore.
Advantages of IT in Bangalore Real Estate
• Better Infrastructures Raise
• More rewarding rents; because the clients residing in this
area are financially stable.
• Luxurious and affordable apartment, making the city one of
the developed cities in the world.
• Pressure to make improvement; Real estate developers such
as the Republic of Whitefield have to adapt to the need of these IT companies,
by building world-class standard offices to tolerate their kind of job.
These are Potential Technology that Can Influence Bangalore Real Estate
Automation:
These days real estate marketing is mainly through online
channels. Automation has greatly influenced these online channels such as
automatically updating of property listings. Listing and stock real estate are
dynamic and with more provision of different states and agency leasing data,
automation will be more achievable.
Builders are mandated to notify all residential sales and
other related projects updates on the RERA website. Easy and speedy automation
on these data has helped brokers and their clients seal deals faster and more
effective.
Artificial Intelligence:
AI will soon help individuals to understand the various
clauses and sub-clauses in a lease. There have been issues in evaluating the
lease documents of commercial real estate markets, this is because their lease
documents are not standardized.
Virtual Reality:
VR technology is a technology that combines architecture
design and gaming software to show customers in India a real-time experience of
their future apartment. With special glasses, clients can see a 3D video
display of the project they are interested in.
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