The Indian real estate industry has always placed a strong emphasis on implementing cutting-edge techniques to meet the changing needs of customers. This industry works to realise the desires of millions of Indians who live in cities. It has been emphasizing technological integration more in recent years, and as a result of this forward-thinking move, it is undergoing significant changes. This has fundamentally changed the procedures that the industry and its clients previously employed for, among other things, ownership transfer, financial settlement, and home searching.
The tech-savvy, world-traveling customers of today have high expectations for this industry since they wish to use services that are provided internationally in India. For example, there is an increasing daily demand for smart homes. A Markets & Markets analysis projects that the category will expand at a compound annual growth rate (CAGR) of 18.45 between 2020 and 2025. Under these circumstances, it becomes essential for the industry to adopt cutting-edge technology and meet the demands of consumers for luxury and comfort. The Indian real estate industry’s forward-thinking stance has allowed technology to steadily grow in importance, which benefits both consumers and developers.
Technology’s Effect on Different Stages
The JumpForm technology has helped the real estate industry by facilitating the timely delivery of projects and possession. Thanks to this technology, the industry has significantly shortened the construction period and can now create high-rise structures in the allotted time. When compared to conventional approaches, this methodology cuts the construction time by around 30–40%.
In a similar vein, the industry uses Mivan Shuttering technology during the building phase. It ensures the strength and longevity of buildings while facilitating the quick production of single levels in concrete. The ability to promise and deliver on time thanks to these quick procedures has improved trust and business opportunities.
