Page 28 - 10 Most Promising Real Estate Technology Solution Providers 2019

Technology Transforming Indian Real Estate

The Indian construction industry is medium towards building smart cities Labour costs can be significantly
undergoing a seismic transformation, in a cost-effective, faster and safer reduced, and quality and precision
with technology playing a pivotal role. manner. It is expected that in the standards increased by using robotics
next 10 years, the use of drones in for the repetitive, mechanical functions
Autonomous Machines on the construction will register a manifold such as bricklaying. It is the first
Construction Site growth and will play a leading role in commercially available bricklaying
futuristic buildings. robot which works in collaboration
Perhaps the most common example with human masons and increases their
of automation in construction is the Drones will play a fundamental role in productivity up to five-fold.
use of autonomous machines. These ensuring that the construction industry
are essentially self-driving machines can deliver huge and complex projects 3D Printing:
that can be used to transport materials with a better finishing and on-time
across the work site and to haul heavy results. Technology has disrupted almost every
items without posing a risk to workers. facet of the real estate business today.
Such as: By adopting innovative technologies
For example, machines can be fitted like automation in construction,
with robotic technology solutions and 1.Improvised quality and thermal innovative designs, sustainability,
sensors that enable forklifts, diggers, imaging: use of prefabricated material and
trucks, and other similar equipment to online marketing, developers can
operate without a driver in the cabin. 2.Drones integration with BIM value-engineer their product. A look
By creating relevant paths, providing (Building Information Modeling): at some of the existing and upcoming
GPS capabilities, and programming technology disruptions.
movement of the machine itself, 3.Reducing risk and keeping people
construction site workers can remotely safe: IoT Sensors to Collect and Process
operate machinery and enjoy more Virtual / Augmented Reality Data:
efficient processes. Technology: Sensors are the key devices that make
Building Information Modelling One application that is becoming automation possible. These devices
(BIM): more popular among consumers and can take real-time readings of location,

Building Information Modeling (BIM) businesses and is tailor-made for real temperature, pressure and other
conditions. Sensors allow construction
is a process that begins with the estate is virtual reality (VR). Forward- companies to automate many different
creation of an intelligent 3D model thinking realtors are already moving machines and robots according to their
and enables document management, beyond photos -- and even 360-degree preferences. Sensors can also transmit
coordination and simulation during video -- and offering clients 3D virtual signals to machines to trigger a specific
the entire lifecycle of a project property “tours” right on their devices. action.
(plan, design, build, operation and There are different levels of 3D
maintenance). aggregators on the market, but they are
still in the early days for real estate.
BIM is used to design and document
building and infrastructure designs. It has the value similar to a marketing
Every detail of a building is modeled method, as well as a tool to encourage
in BIM. The model can be used for clients into a conversation and
analysis to explore design options purchases. More importantly, AR usage
and to create visualizations that help presents benefits as to customers so to
stakeholders understand what the real estate agencies/agents:
building will look like before it’s built. • Clients get more informative and
The model is then used to generate the visual proposals
design documentation for construction.
• Agencies deal with clients that have a
Drone: more clear vision on a possible deal.

One new-gen technology is the drone, Brick-laying robots:
which is poised to serve as an effective

28 December 2019