Your search results

Digital Transformation and Trends in Real Estate 2020

Posted by Balaji on October 23, 2020
0

Tough times seem to give rise to inventions and changes and the same is the case with

the real estate industry in India. The Coronavirus pandemic and the subsequent

lockdown have led to considerable pressure on most of India’s real estate companies.

To address this, developers, in contrast to the conventional methods of doing business

earlier, have taken up creative marketing methods. These include virtual tours, Digital

marketing, video tours, and more.

One of the key factors behind a decline in property purchases during the lockdown is

because customers are unable to visit the sites of the project. Many developers

& Real

estate agencies provide buyers videos with walkthroughs of properties. While it is still

unusual to finalist their choice based on these images, many buyers briefly list their

choices in this way. Many developers build 3D digital models of their projects and

enable prospective buyers to take free virtual tours of these properties on the site. In

some cases, the developers are even providing virtual tours of the entire

neighborhood.

There were also several developers hosting e-launches and webinars. In particular,

developers and Real estate agents with their own websites host certain webinars where

prices and other rewards are revealed. In addition, homebuyers may even ask their

own questions.

Such approaches are quickly gaining success and popularity. First, when a developer

adopts digital tools, by communicating a forward-thinking approach & efficiency to

keep pace with modern times, it helps create a positive impression among

homebuyers.

Secondly, with most homebuyers having internet access, online processes make it

much simpler and hassle-free to search for and choose homes. Instead of having to go

through a large range of choices for homebuyers, including irrelevant ones, chatbots

powered by AI can now communicate with them, take note of their requirements, and

recommend properties.

In order to reduce physical contact to a minimum, top developers are investing enough

money to create websites that are eye-catching and easy to use. Given that virtual

tours in India are still a recent trend, sales derived from them are very satisfied so far.

In order to survive in the market, real estate agencies are rapidly adapting to the

present situation by going digital. In reality, since before the pandemic, some of the

leading builders and agents had their own portals already. Even in the post-lockdown

period, the trend of digital tours and deals is expected to continue and people are

starting to realize how easy it is.

Leave a Reply

Your email address will not be published.

  • Experience World Class Service

  • Based on 166 reviews
    Sandeep Yelburgi
    Sandeep Yelburgi
    3. March, 2023.
    In the world of real estate trust, credibility and professionalism doesn't exist. Mr Balaji and team are exception to this. They make buying/selling a property so easy. I could able to sell my property with ease. The process is so transparent from day 1 of meeting the buyer to the last day of selling my property. Thanks for service and keep the good work going in a honest way. Bangalore Real estate need more people like you.
    vikram solanki
    vikram solanki
    22. February, 2023.
    Govindraj Was Awesome To Deal With For a Smooth & Transparent Transaction.
    Chaya Rao
    Chaya Rao
    11. February, 2023.
    Excellent experience working with Mr. Balaji Badrinath who was amazing at his job. Made our real estate transaction smooth, convenient, excellent and top-notch. Balaji is an outstanding Realtor who is very professional, knowledgeable, experienced, efficient, direct, very responsive and has such a pleasing demeanor, is friendly, very prompt and never loses his composure. He helps trouble shoot timely with favorable solutions. He made my real estate transaction as a NRI easy and provided excellent guidance along the way. Bengaluru/India/this world needs more people like him to make it a better place! Thank you very much, Balaji, for all that you are and all that you do. You are truly an amazing human being and a professional! I am so glad that we found you online and you helped us close the deal on my parents’ house. Thank you! A special mention of Ms. Mala Malathi, Operations Manager, who I had the pleasure of meeting. She was very helpful in putting our paperwork together and helping me with some of the process. Thank you, Mala!
    Rekha Srinivasan
    Rekha Srinivasan
    11. February, 2023.
    I am very happy with the services provided by Mr. Balaji Badrinath, who helped me and my siblings on the the sale of our parents house. He was patient, polite, prompt and professional in all his responses! He was efficient in getting all the necessary paperwork and overall he helped make the sale a smooth transaction. I appreciate his professionalism!
    Sridhar Rao
    Sridhar Rao
    10. February, 2023.
    Balaji Badrinath is hoest, reliable, courteous, reasonable, knowlegeable, professional and a thorough gentleman. It was a blessing to find a realtor like him in Bengaluru to assist us in the sale of a property. I would highly recommend Balaji Badrinath and his folks at Coldwell Banker Value Add Realty for any real estate transaction in Bengaluru and other areas in his jurisdiction. Living in the USA and having near zero knowledge of property transaction process in Bengaluru, Balaji guided us through the process methodically and with clarity, working at our pace with cadence calls, information, professional advice and guidance. Thank you Balaji and the team at Value Add Realty !
    Priyanka S
    Priyanka S
    25. January, 2023.
    These guys helped me buy a bda auction site in a systematic way….. Ms Manasa helped me by guiding me through the payments and all the processes without any glitches and made my experience seamless …. Finally I’m a proud owner of a BDA site …..
    Madhu Sharma
    Madhu Sharma
    7. January, 2023.
    Purchased BDA site recently with help of Coldwell. Team has good knowledge on site purchase process. Special thanks to Sathish, Kiran, Mahesh, Balaji and Manasa for helping at various steps and making site purchase stress-free.
    Mandar Karchodi
    Mandar Karchodi
    23. December, 2022.
    Coldwell Banker is definitely the best in finding an ideal home. They helped me end to end till I got the keys of our home. Mr. Gangadhar Gowda helped us in all the documentation process. Kudos to Mr. Gangadhar & Coldwell Banker !!
    • Bangalore BDA Property Tax Construction industry Drones Home Loans Home Safety Tips Invest in Real Estate Metro in Bangalore New projects Online Rental agreement Own House Property Property Valuation Real Estate Registration Charge Rental agreement Rent House Residential Solar Panels Stamp Duty upcoming

    • Our Latest Listings

    Compare Listings