new delhi [India]October 29th: Over the past decade, Indian real estate has undergone significant changes. Experts say this is an example of India shining brightly. As in every other field, technology is making its way into real estate. Some market analysts say this trend will continue. Today, it is possible to search for homes online, and this is a common method employed by potential buyers and corporate housing. These have emerged as the medium of choice for selling or renting apartments and attracting new buyers. The target audience for such campaigns is usually Gen Z and tech-savvy people.
Shravan Gupta of MGF Group says digital home hunting is the latest trend of 2024. Experts say this will become more prominent and become the go-to medium for the real estate segment.
Today, almost everything is sold on social media and the internet. Therefore, construction companies will also be affected by this change. Due to lack of time and distance, it is rare for people to physically search for a home. And digital home hunting is the solution to this problem. Shravan Gupta of MGF Group says most construction companies have their own websites to promote new and current housing projects. Online real estate portals like makaan.com have a growing presence. And you can see everything about the property from the comfort of your office. This trend will continue for several more years as the world becomes more tech-savvy.
Single Avenue information
It is difficult to physically visit every location and find a home that meets all your criteria. But with digital home hunting, you can find your dream home by providing details like price, locality, carpet area, nearby locations, etc. This saves travel time and gives you an image of your dream home through AI or 3D models.
All this can be done with one click. This is expected to increase sales in the residential and commercial sectors. And promote India as the ultimate destination as your next home. Experts say this is likely to attract more NRI investors and buyers. Trends that make India a global market.
ease of doing business
Document procedures when purchasing an apartment take time. But now you can do all that work online, saving you time. Banks have relaxed rules by offering online mortgages, making the process easier for buyers. Get your mortgage or commercial loan in just one click. You can also compare loan rates from the comfort of your home or office. This has brought transparency to the real estate sector and has proven beneficial for builders. Shravan Gupta of MGF Group believes this is a welcome change and a boon for the real estate sector. With the advent of technology, you can now learn about EMIs and avail deductions through attractive schemes.
Digital home hunting is booming in the Indian real estate sector. This bodes well for the growth of this sector and is beneficial for the Indian economy. Going forward, most real estate companies will first need to implement digital policies.
