# Emerging Technologies Seismic Shift Real Estate: Lalit Goyal IREO
Mon, 11 Nov 2024 08:07:20 GMT
New Delhi [India], November 11-- Lalit Goyal IREO has highlighted the significance of technology in transforming the real estate sector, reiterating that it is no longer sufficient to remain an add-on but a fundamental part of the development process. As per him, developers must integrate IoT from ground-up to meet modern buyers' expectations.
Several emerging technologies are impacting the industry profoundly: Artificial Inteligence (AI), Blockchain technology, Internet Of Things (IoT) & Augmented Reality/ Virtual Reality (AR/VR).
According to Lalit Goyal IREO, AI-driven algorithms can predict market trends and analyse property prices. It also enables developers to make informed decisions using historical data. It enhances customer relationships by offering customised recommendations.
Moreover, he mentions that blockchain technology offers a secure record-keeping system for transactions & transactions can be securely recorded on an immutable ledger. This technology eliminates much of the uncertainty associated with property fraud and transaction verification becomes streamlined.
Recently, there has been intense demand for connected homes turning properties into "Smart Homes" where integrated systems interact seamlessly with devices such as Intelligent lighting & Automation climate control.
Moreover, Augmented Reality/ Virtual Reality technologies allow potential buyers to explore properties remotely in a highly realistic experience offering them the chance to navigate through properties without setting foot on it.
As an industry leader, Goyal believes that future success largely depends upon technology adoption at every level- from design to sales. He advises developers to "Stay ahead of technological trends," optimize their operations and stay competitive.
The integration of AI, Blockchain, IoT & AR/VR technologies can ensure higher accuracy, transparency and client satisfaction. Experts in the industry must take note of this imperative to remain operational, efficient and successful in a fast-paced digitalised world, he concludes."