Virtual Reality has been the buzzword of the tech world in 2016. Chris Tan, very eloquently, stated the how, here, with compelling numbers. The numbers are an indication that Virtual Reality is an idea whose time has come! It is worth your time to read it.
How does VR help Real Estate sales?
Issues in front of Real Estate Developers/Builders in India*
Problems for the Real Estate Buyer in India*
How can Virtual Reality and more specifically Mobile Virtual Reality solve these problems?
Why is this important for the Real Estate industry in India?
It has been forecasted by one report, that India requires 45 Million housing units by 2028 with the expected market size to be at $853 Billion at a CAGR of almost 13.9%!
Plus with the Real Estate Regulation Act (RERA) coming through in various states and the Housing for the economically weaker section now being declared an “Infrastructure” status, it behooves the Real Estate industry to start using state-of the-art proptech which has traditionally been slow to take off in India.
In India, the Real Estate is an industry that has been owned and run by veterans and has traditionally been predominantly proprietor driven. This is quickly changing. Children of this brick & mortar industry who have studied abroad, want to now change things by being open to proptech to see how significant efficiencies can be gained.
To ensure that you dont miss the Virtual Reality train and help you increase your sales efficacy, you can reach us here for your Mobile VR solutions.
* VirtualSpaces Market Research
Note: The Image used is Chris Tan's and VirtualSpaces is happy to credit him with it!