How is Prop-Tech shaping the future of real estate?

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How is Prop-Tech shaping the future of real
estate?
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Blockchain
Blockchain technology is also gaining traction in
the real estate technology sector. The majority
of people associate distributed ledger technology
with cryptocurrencies such as Bitcoin. It has the
potential, however, to change the way we buy,
sell, and rent real estate. In the year 2022,
blockchain could be used to create a
decentralised database of all property
transactions. It would make it much easier to
track property ownership and transfers.
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Internet of Things (IoT)
The Internet of Things is another cutting-edge
technology that is beginning to have an impact on
the real estate industry (IoT). The Internet of
Things refers to a network of physical items that
are linked to the internet (IoT). Refrigerators,
televisions, thermostats, and light bulbs are all
included. The Internet of Things can be used by
the real estate technology industry to build
"smart homes." These are homes that are equipped
with a variety of connected devices that can be
managed remotely. You might be able to change the
temperature or turn on the lights from your
smartphone before you even get home.
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Augmented reality
You can see a property as it would appear in real
life, complete with furnishings and accessories,
using augmented reality. Furthermore, virtual
reality allows you to walk through a property and
get a sense of the neighbourhood before making a
decision. This is especially important for
people who are buying or renting a home without
first seeing it, such as overseas buyers or
tenants. It also means you can view a home
whenever you want without having to work around
someone else's schedule.
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Drones
Drones are yet another technological revolution
that is reshaping the Pune real estate market.
Drones are becoming increasingly popular for real
estate videography and aerial photography. This
provides potential buyers or tenants with a
better understanding of the layout of the land as
well as nearby features such as parks, schools,
and transportation links. It also means that
brokers can present a property in the best
possible light rather than relying on
low-resolution images that may not do it justice.
In addition, incorporating drone footage can help
your listing stand out from the crowd if you're
selling a home.
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3D Printing
3D printing is another technology that is
beginning to have an impact on the real estate
industry. This method of additive manufacturing
can convert a digital file into a
three-dimensional object. And it's not just for
small objects anymore 3D printers can now print
entire houses. This method could be used to
create custom homes that are tailored to the
needs of the tenants. A 3D-printed home, for
example, could be designed to be more
energy-efficient or accessible to people with
disabilities.
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