Pritam Deuskar Wealthyvia - Technical Trends in Real Estate Industry
                      TECHNICAL TRENDS IN REAL 
ESTATE INDUSTRY
Pritam Deuskar Wealthyvia - Technology has become an 
essential component of our everyday lives, and the effect 
of new technology on the real estate business has grown 
quickly in recent years. and Technology in the real estate 
sector enables businesses to make better and faster 
decisions. 
Technology may help your real estate agency not only 
collect but also evaluate data. 
This helps real estate enterprises to make more informed 
decisions, putting them in a better position for success.
The New Tech Trends in the Real Estate Industry:
Technological advancements have drastically changed the real estate landscape in recent years. 
Here are some of the most important real estate technology trends:
AI, Machine Learning, and Big Data:
Artificial intelligence (AI), machine learning, and big data are three of the most important 
technology trends in real estate today. Here’s a look at each one and how it’s impacting the 
industry:
According to Pritam Deuskar, AI is helping real estate professionals automate various tasks, from 
market analysis to lead generation. Machine learning is being used to develop predictive models 
that can help identify trends and forecast future prices. And big data is providing new insights into 
consumer behavior and preferences.These technologies are making it possible for real estate 
companies to operate more efficiently and effectively. They’re also giving rise to new business 
models and services that could transform the industry in the years ahead.
Internet of Things:
The internet of things (IoT) is revolutionizing the real estate industry by making buildings more 
intelligent and connected. By connecting devices and systems, IoT enables real-time monitoring 
and management of a property, resulting in improved efficiency and lower operating costs. 
IoT devices such as cameras and motion detectors also monitor a building's physical 
surroundings and keep it safe from unauthorized access or activity. IoT sensors are currently 
used in a wide range of building systems, from water pressure monitoring to power use tracking 
and more. The data collected by these sensors, which monitor various characteristics of the 
property, aids in the creation of a digital twin. Building digital twins not only offer an overview of 
building operations, but they are also utilized to regulate these functions.
Business Intelligence (BI):
With the ever-growing amounts of data being generated by real estate companies, there is a 
need for better ways to manage, analyze, and make decisions based on that data. BI tools can 
help real estate companies gain insights into their businesses, customers, and markets. 
The rise of BI in real estate is due in part to the increasing availability of data. With more and 
more people buying and selling property online, there is a wealth of data available that can be 
used to help make better decisions about everything from pricing to marketing. Another factor 
driving the adoption of BI in real estate is the increasing competition.
Virtual Reality (VR):
VR is being used in a number of ways in the real estate industry. It's being used to give potential 
buyers virtual tours of properties that are not yet built, as well as to give buyers virtual 
walkthroughs of properties that are on the market.
There are numerous benefits to using VR in real estate. Perhaps most importantly, it allows 
buyers to get a realistic sense of a property before making a purchase. Additionally, it can help 
sellers market their properties more effectively and efficiently, as well as help agents close more 
sales. 
Blockchain:
Pritam Deuskar Wealthyvia says, Blockchain is one of the most talked about technologies in the 
real estate industry. As the real estate industry looks for ways to modernize and streamline the 
home buying and selling process, blockchain technology is emerging as a potential solution. By 
creating a secure, decentralized ledger of transactions, blockchain could help simplify the 
complex process of transferring ownership of property. In addition to simplifying the transfer of 
ownership, blockchain could also be used to track the progress of repairs and renovations on a 
property.
Proptech is fast expanding and is predicted to more than treble by 2025.Proptech is poised to 
grow as buyers become more and more comfortable with new technology trends. Proptech is 
expected to grow as buyers become more familiar with new technological trends.Want more 
information visit Pritam Deuskar’s Wealthyvia site.