How Proptech Is Set To Revolutionise Indian Real Estate? Ramesh Nair

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How Proptech Is Set To Revolutionise Indian Real Estate? Ramesh Nair

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Proptech refers to the application of technology to provide solutions and deliverables in the real estate sector.
More precisely, this term is used for technology which is used to offer services in real estate to buy, sell, rent, develop, market and manage property in a more efficient and effective way.

JLL India has also recently launched JLL IDEAs – India’s biggest proptech accelerator programme in partnership with Invest India, Startup India and AGNIi (www.jllproptech.com).

 

Several large and mid-tier organisations, as well as developers in India, have started to adopt a cloud and mobile-based visitor management system to optimise lobby operations, offer a smooth experience to visitors and keep the premises secure.
One of the biggest start-ups operating in the space of team collaboration is providing effective solutions for a connected workplace including solutions for desk and meeting room management, impacting effective utilisation of valuable space as well as increasing productivity at work.
There are plenty of other examples where technology is helping create green, sustainable buildings optimising asset management through insights from IoT sensors.
Real estate or office buildings have moved beyond the realms of infrastructure to become strategic levers of driving workplace experience, talent attraction and retention.
There is a plethora of opportunities to use technologies like IoT, AI and Machine Learning to drive efficiencies and deliver delightful employee experiences.
Start-ups like San Francisco based VergeSense provides a real-time and historical count of the number of occupancies, the ability to measure utilisation across facilities from co-working rooms, to private offices, to co-working spaces.
Companies like Ecolibrium Energy, an energy management solutions provider are helping corporates to monitor and reduce energy consumption by using IoT and AI-based solutions.
It creates a platform that captures every piece of data for the entire lifecycle of a building, helping them get real-time alerts on energy consumption, location of people and structural defects

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