How AI has helped in the growth of the real estate in India

by Dynamix Group Writer

The impact of technology on our lives has been tremendous. The advent of new technologies like mobile phones, smart watches, tablets, voice assistant devices, etc. have made the lives of people much easier. Technology has also played a significant role in the growth of the real estate industry. The past few years have seen the introduction of new technologies like virtual reality, Internet of Things, Artificial Intelligence etc. Among these technologies Artificial Intelligence has had a profound impact upon the real estate industry in India. In fact, the introduction of this technology has come as a boon for the homebuyers and top developers like Vinod Goenka of DB Realty because of its numerous benefits.

 

Virtual tour

 

Gone are the days when a homebuyer had to visit the site to get a view of the property that he was planning to buy. Thanks to Artificial Intelligence, homebuyers can get a 360-degree view of the potential property from the comforts of their home or office. This is very beneficial for the homeowners as they do not have to visit multiple sites to identify the property that they want to buy. AI provides the buyer an idea of the what the property will look like. This not only saves the homebuyer time and money, but it also immensely benefits the developer as it will give them a competitive edge and also enable them to get more traffic to their website.

 

Chatbots

 

Many real estate firms are incorporating chatbots in their websites. Chatbots are like virtual assistants or customer care professional and greatly improve the experience of the customer. Chatbots perform a number of functions like answers the queries or comments of the homebuyers and attending to any doubts that they may have. Unlike human operators who work for a limited time, a Cabot is available 24x7.  Chatbots also save time and energy because unlike a human operator which will attend to one customer at a time, a chatbot can answer the queries of many customers. Other than this, a chatbot is less expensive than a customer care professional and can get you better lead generation.

 

Helps buyer make right decisions

 

Artificial Intelligence can be used to collect vital data that is important for the buyer like will the property prices increase in the future, development opportunities that may arise, analysing whether the area is prone to crime among others. This data will help the homebuyer to make a decision as to the location where he should purchase the property.

 

Artificial Intelligence has changed the face of the real estate industry. Given the many benefits that AI has to offer it is no wonder that many leading developers like Vinod Goenka DB Realty are now relying on Artificial intelligence. It helps them provide their customers with a more pleasurable buying experience.

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Created on Jun 22nd 2020 01:07. Viewed 285 times.

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