6 days ago
AI Adoption Set to Reshape India’s Real Estate Sector
Experts say artificial intelligence could help India’s real estate industry work more efficiently.
They discussed these ideas at an event in Kolkata.
Technology can help companies sell homes, manage construction and track projects.
Modern housing projects are often much larger than they were in the past.
This makes it harder to keep construction on schedule and maintain quality.
AI can collect and study information about how a building is working.
It may help find problems early so owners can fix them.
Experts believe this could lower costs and give residents a better experience.
Industry experts discussed AI and emerging technologies at Credai TechCon in Kolkata.
Technology can support sales, marketing, construction and project management, experts said.
Larger projects with thousands of housing units require stronger technology adoption to maintain quality and meet deadlines.
AI-based data analysis can help identify building-performance issues and establish normal operating benchmarks.
Early detection of operational problems may reduce costs and improve property efficiency after residents move in.
- Who
- Real estate industry leaders, technology companies, developers and experts, including Suhel Saraf and Balbir Singh Khera.
- What
- They discussed how AI and emerging technologies can improve real estate construction, management, operations and consumer services.
- Where
- Kolkata, India.
- When
- At the second edition of Credai TechCon, held on Wednesday; the article does not specify the date.
- Why
- To connect technology companies with real estate developers and identify practical ways to improve efficiency, quality, project timelines and property operations.
Key facts
- Event
- Second edition of Credai TechCon
- Location
- Kolkata, India
- Technology focus
- Artificial intelligence and emerging technologies
- Applications
- Sales, marketing, construction and project management
- Project scale
- Developers are increasingly undertaking residential projects with thousands of units
- Building operations
- AI can collect and analyse data to identify performance issues
- Potential benefits
- Improved quality, timely completion, lower operating costs and more efficient buildings
Quotes
Balbir Singh Khera
BuildTrack CEO
“Real estate has changed significantly over the years. Earlier, developers were typically building smaller projects with 25 to 50 apartments. Today, they are developing large residential projects with thousands of units. Managing projects of this scale while maintaining quality and meeting deadlines requires greater adoption of technology.”
thehansindia.com
“The first step is data collection, where information related to the building is gathered. The next step involves analysing that data and establishing a baseline to understand what normal performance looks like and where improvements may be required.”
thehansindia.com
Sources
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