June 17, 2024

Mumbai: The real estate sector is poised for a remarkable transformation in 2024. According to industry experts, this is the year when the real estate sector will witness unprecedented growth and opportunities.

Technology is playing a key role in driving this change, as it enables new ways of designing, building, marketing, managing and selling properties. The real estate professionals who embrace technology will have a competitive edge in 2024. Hence it’s the right time to venture into the real estate sector.

<div class="paragraphs"><p>Some of the major technological changes prevalent in the real estate segment </p></div>

Some of the major technological changes prevalent in the real estate segment

Some of the major technological changes prevalent in the real estate segment

Some of the major technological changes prevalent in the real estate segment are:

Artificial Intelligence:

Artificial Intelligence or AI is capable of changing the real estate sector and making it more user-friendly and relevant.  With the aid of AI it has become easier to search for homes and invest in it from the comfort of the home.

Blockchain technology has emerged as the real game changer for the real estate sector. One might wonder why Blockchain is popular. Blockchain technology ensures a secure and transparent transaction with a high transparency level. 

Before Blockchain, most transactions were done offline with very little transparency. It is the most popular segment of AI technology and has transformed the sector for good.

Real estate expert, Shravan Gupta, MGF Group feels Blockchain technology is capable of revolutionizing and impacting the sector positively. In the real estate context, blockchain acts as a facilitator in property purchases, rentals, funds transfers, and document verification. A seamless financial transaction prevents you from any loss incurred and saves hard-earned money.

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