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The Real Estate Sector contributes about 8% to India's GDP and is the second-largest employer, employing about 5.5 crore individuals. The sector is estimated to touch USD 1 trillion by 2030 driven by rising demand and various reforms in recent years. Indian Realty Growth, directly and indirectly, affects the growth of more than 250 ancillary industries hence having an overall national economic impact.
Technology is disrupting the Indian Real Estate Sector and the pandemic has had a catalytic effect on the technological disruption in this sector. As the pandemic progressed, the need for technological advancement became a necessity. Real Estate has traditionally been slow to adapt to tech, however, the pandemic steered this transformation. This book critically analyses the below concepts and their relevance in the Indian Context:
Above mentioned technological advancements will ensure that Real Estate transforms from being an unorganised and information asymmetric sector to an organised, efficient and transparent sector.
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