A number of real estate businesses in India are currently putting into action more innovative strategies in order to fulfill the requirements of millennial homebuyers. These businesses are doing this by providing millennials with the opportunity to purchase homes online in a more expedient manner. Due to this, real estate companies are considering digitized platforms instead of relying solely on phone calls and emails.

In real estate, the applications of artificial intelligence that hold the most promise are those that facilitate automation and personalization of services. For example, AI-powered chatbots make it possible for real estate agents to automate customer care without sacrificing the human element. A further benefit of using AI technology is that it enables real estate brokers to evaluate a property's value in a given market more precisely by combining customer relationship management and marketplace data.

In addition, artificial intelligence technology can be utilized to facilitate the streamlining of mortgage procedures, such as assisting borrowers in selecting the most appropriate type of loan and putting them in contact with appropriate investors. Because of the constraints imposed by COVID-19 in 2020, real estate developers were forced to transition to conducting business exclusively online in order to maintain their forward momentum.

COVID-19 has acted as a catalyst for the digitalization of the real estate sector by instilling a sense of urgency in the industry to more broadly use technology. Developers are increasingly embracing next-generation tools such as mobile applications and online purchase platforms that serve as a one-stop solution for getting information on their credentials, offerings, price, configuration, and other relevant aspects of their products. Emerging technologies like virtual reality and augmented reality are being utilized to demonstrate their premium offerings and to excite the actual feeling of being at the project site.

Machine Learning is a subfield of artificial intelligence that enables customized listings to be uploaded to the internet. This enables prospective buyers of homes to conduct home searches based on attributes such as location, number of bedrooms, price of the house, images, videos of the property, and so on. Interfaces based on machine learning are also utilized for the purpose of collecting data from customers and producing leads for real estate marketing efforts.

The real estate market is yet another sector that is being transformed by blockchain technology because it offers novel ways to execute real estate transactions. The use of blockchain technology has the potential to cut down on the fees associated with transactions while also doing away with the need for third parties or middlemen. In addition, smart contracts and ledgers that are based on blockchain technology make it possible to conduct transparent and efficient transactions such as leasing, purchasing, and investing.

AI and VI are enabling personalized searches, which also come with multifaceted services like buying, selling, and financing a property. The rapid pace at which people are embracing new technologies is being accelerated by the epidemic, which has only served to intensify the trend. The requirement to meet the needs of customers at any time and in any location possesses a certain allure and metaverse (a virtual environment where users can interact in real-time with one another for recreation, business, or other purposes.) possesses enormous potential to fulfill this requirement.

Powerful artificial intelligence exists. On a technology base, it imitates human knowledge and learning capacities. Recent advancements in smart house automation technologies have improved artificial intelligence in terms of cloud communication, human behavioral pattern learning, and user preference-based automation of smart home equipment.

DeepThinQ 1.0 is a technology that LG created that supports voice and video recognition and sends data to cloud servers. It can automate a variety of tasks, including turning off the lights when the door is locked from the outside, starting the air purifier before the owner gets home, and operating the robotic vacuum. The LG washer researches behavioral patterns and automatically picks up and applies these settings. The washer can also provide instructions for drying different kinds of loads. With the help of the cloud, the washer and dryer may change their operations in response to the weather and the quality of the air. The LG air conditioner can determine how many people are in the space as well as who they are and can adjust the temperature to suit their tastes. Music playback and temperature control are other features of ThinQ.

Samsung combined Bixby voice control with its SmartThings array of smart home accessories. These items have the ability to identify people in the house and change every setting to suit their preferences. With the aid of a Samsung TV or family hub refrigerator, the user may voice-control any smart gadget. The owner can use the SmartThings app to download streaming apps and login in automatically. The Samsung cloud offers a quick and easy way to keep a data backup and stores all user login information. The Samsung TV can serve as a hub for other smart devices and show the person who is at the door.

A self-learning home controller is available from Viaroom Home, and it takes 48 hours to understand a person's behaviors. It makes a map of every space and manages the heating and lighting systems. The controller contains a firewall that was created specifically to guard smart homes against hackers.

Real estate developers are being driven to utilize digital technology, due to a shift in client demographics, buying behavior, and property purchase patterns. These changes are causing real estate developers to engage with tech-savvy customers and gain a competitive edge in the market.

As per reports, Artificial Intelligence is bringing significant changes in every sector of the global economy, including the real estate market. In point of fact, consumers have found that purchasing real estate online has made their lives easier in an infinite number of ways. These ways include aspects such as property valuation, pricing information, location, and other similar details, all of which typically require the consumer to make a personal appearance at the sites in question.

Through the utilization of AR and VR technology, the real estate business has begun to embrace AI. Buyers are able to form an emotional, sensorial, and even physical connection with homes through the use of virtual reality technology, which allows them to tour the homes without having to physically visit them. In light of today's most pressing needs, every business needs an updated online presence, and the real estate sector is leading the way by using technologies that elevate the home buying experience.