Use of technology in real estate or property business
The current state of the Real Estate Industry is probably increasing towards a development state among various regions. In recent years, the real estate sector saw a good hike in the growth status. First, this happened partly due to property listings that were available to a large number of positive buyers. And this happened due to the listing appearing on a lot of online websites and a large house for sale app companies. Second, the real estate market got a surplus requirement with demands for commercial space procurement, both in the urban and semi-urban locations.
In a sentence, the current state of the real estate industry is on the very urge of growth.
With more NRI or Non-Resident Indian parties being involved, the industry sees a valuable increase in its market size. In the upcoming years, the real estate industry is set to grow to over 65,000 crores with a max expectancy of 1$ Trillion or even more. Investments are very common in these fields that present hope for more growth.
Real Estate Industry: Supply to India's growing needs
Manufacturer sectors.
Startup companies.
IT sectors/companies.
ITeS, Banking, Financial and Insurance Services.
By the end of 2020, the growth in office space has gone over 30% with an expected investment of 40,000 crores. With this, other categories of spaces like co-working space, private firms are also included in it.
Real estate industry: Housing Estates
A small part of the current state of the Real Estate Industry that gets neglected here is Housing estates. They comprise over 40% of the real estate industry volume and a large sum of investment done with parameters of oversupply. Property Realtor services aren’t as new as it has been earlier. Since now, the real estate industry is just a reach of knowledge and experience.
The concept of oversupply did not see any kind of mention until technology arrived at a certain pace. But in 2021, everybody has a smartphone in their hand.
Anyone can access hundreds of estates within minutes right on their couch without breaking a sweat. The source? Hundreds of house selling websites are already flooding the internet with quality options of estates. That isn’t a neglecting point for anyone interested to buy a home for himself.
This even follows the commercial space sector too.
How many sales did the Housing estate field record?
The sales were huge compared to other parts of previous years.
Housing estates sales: The year 2019
An astonishing amount of over 2.5 Lakh sales of housing sectors was last recorded in 2019. This was not any kind of incident, but a result of indirect marketing and estate offers that boosted the platform like anything else.
Housing estates sales: The year 2019
Among the most common Real estate popular cities, a probable jump of sales hit over 33,000 just alone from July to September 2020. This estimates out to an approximate of 4.0 Lakh sales alone in the same year.
The concept of an Exponential rise in estate sales in the real estate industry exactly means this. But does that mean, the development is held only by itself? No. There are tons of direct and indirect opportunities that made it big to the current state of the Real Estate Industry.
Technology has become a part of the Real Estate Industry
The current state of the Real Estate Industry is much beneficial for house seekers due to the improved range of estate prices and preliminary benefits that every common person can be a part of.
Summary of use of technology in real estate
Technology helped a lot in expenentionaly growing many industries . Exponential growth in real estate sales has been after arrival of Jio data revolution in India . Everyone have smartphones in there hand which can be used to sale property by listing properties in hundreds of platform available as well as searching property is easy as never before, hundreds of sellers are just a simple search away from google and verious other platforms .
For more information and updates subscribe to economy bridge / economybridge.com and follow us on various social media platforms
I have gone through many blogs but yours puts a great knowledge inside and I completely satisfied with it. If you are looking for the homes for for sale by owner, then visit Sale By Home Owner. I love your content, they are very nice and very useful to us and this text is worth everyone’s attention.
ReplyDeleteSome of the new technological advances are certainly going to change the real estate industry. If anyone is interested I would just quickly like to mention there are some good sites if you want to sell your house on realestate.com.au
ReplyDeletenice
ReplyDeleteYou have shared a lot of information in this article about rental management companies vancouver. I would like to express my gratitude to everyone who contributed to this useful article. Keep posting.
ReplyDeleteYou are providing good knowledge. It is really helpful and factual information for us and everyone to increase knowledge. Continue sharing your data. Thank you. sell my house fast manor tx
ReplyDeleteYou are providing good knowledge. It is really helpful and factual information for us and everyone to increase knowledge.about real estate in Queens. Continue sharing your data. Thank you.
ReplyDeleteYou have given great content here.property valuation tool I am glad to discover this post as I found lots of valuable data in your article. Thanks for sharing an article like this.
ReplyDeleteNice info, I am very thankful to you for sharing this important knowledge. This information is helpful for everyone. Read more info about Canyon Heights house for sale So please always share this kind of information. Thanks.
ReplyDeleteIt's a nice article, Which you have shared here about the Use of technology in real estate. Your article is very informative and I really liked the way you expressed your views in this post. Thank you.
ReplyDeleteCommercial Property for sale
This information is so useful and informative which you have shared here. It is beneficial for beginners to develop their knowledge. It is very gainful information. Thanks for sharing Land Buyers Shewsbury.
ReplyDeleteYou are providing good knowledge. It is really helpful and factual information for us and everyone to increase knowledge about Best Realtors In Montreal. Continue sharing your data. Thank you.
ReplyDeleteThe context of this content is really good. Thank you for sharing this type of awareness with us. In this article, you shared much informative knowledge on multiplication activities. Take look at this tooReal Estate Jobs India . Thanks!
ReplyDeleteYou took great care when writing this post. Roatan Real Estate For Sale online The amount of knowledge is astounding, and the post is also beneficial to us. Please continue to distribute articles of similar nature.
ReplyDelete