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PropTech- The New Buzzword Hitting The Real Estate Sector

How Will PropTech Reshape the RE Industry? (H2)<br>PropTech is a broad term focusing on improving the work of professionals and real<br>estate companies. Many innovative technologies have made their way to this<br>industry, like AI, blockchain, visual tours, etc.

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PropTech- The New Buzzword Hitting The Real Estate Sector

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  1. PropTech- The New Buzzword HittingTheRealEstateSector HowWillPropTechReshapetheREIndustry?(H2) PropTechisabroadtermfocusingonimprovingtheworkofprofessionalsandreal estatecompanies.Manyinnovativetechnologieshavemadetheirwaytothis industry,likeAI,blockchain,visualtours,etc. Technologiesthathavechangedthefaceoftherealestateindustryand its operations: HomeAutomation Homeautomation technology, usedincommercialandresidentialproperties,comes as a PropTech ecosystem solution, significantly saving time, energy, and resources. The auto wireless communication protocols add to your home and office premises' safety, security, and flexibility by enabling the management of all devices from a singleinterface. Itpromisesincreasedenergyefficiencyandimprovedappliancefunctionalityand enables controlling all your home functions when moving on your mobile phone, laptop,and other digital devices. IntegrationofSaaS With SaaS application integration in the real estate industry,managing sales activitiesthroughrobustCRMsoftwarehasmadesalesfiguresgoupthegradient withinnovativefeaturesimplementedateverystageofthesalesactivities.

  2. Not just sales, it works for every department by connecting its activities and applications with another cloud-based app via application programming interfaces (APIs).Itfurtherenablesbettertransparency,savestherespectiveteamasignificant amountoftime, andimproves employeeand customerexperience. IntroductionofBlockchain Withtheintroductionofblockchainintherealestateforum,realtorcompaniesand professionals can now share data securely and initiate rental collections and payments in a more streamlined manner.As a result, it increases operational efficiency and enables bothtime and cost-cutting. Additionally, tokenization in blockchain presents a solution that divides an asset’s ownershipintodigitaltokens,makingcapital-raisingforassetandfundownersmore effortless and efficient.Thisfractionalownership inrealestate providesinvestors withumpteenoptionsforinvestinginthissectorandevenraisesthechancesofits liquidityand transparency. GrowingPopularityofPropertyManagementSoftware Propertymanagement software is gaining immense popularity across the real estate industry. It offers multiple advantages like special tools for maintenance, management and scheduling routine tasks, screening and retaining high-quality tenants,initiatingonlinepayments,etc.Itmakesmonitoringandmaintenanceworka cakewalkfor property managersand landlords. Advent ofAI Likeeveryotherindustry, realestateiswitnessingtheproliferationofartificial intelligence(AI)andmachinelearning.ArtificialIntelligencehelpscarryouttasks, easingthejobforagentsandprofessionalsinthe realestateindustry.This

  3. innovativetechnologyautomaticallyclassifiesproperties,tagsrelevantphotos,and comparesmarket analysis,saving a lotof time and effort. FinalTake PropTech is revolutionising how thereal estateindustry functions. While other technologiesoffertheiruniquesetofadvantages,Blockchainisrapidlypickingup paceand changingthe dynamicsin thereal estateindustry.

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