Key Considerations for Real Estate Agents & Builders

When dealing with real estate, whether it involves houses, plots, land, or plantations, business transactions must be based on clear and precise documentation, such as title deeds, patta, and encumbrance certificates.

 Accountability of Builders and Developers

Builders and developers must ensure that they are accountable to the customers during business transactions.

 Evolution of Real Estate

The real estate industry has transitioned from merely dealing with concrete structures and sales to a service-oriented business model based on the essential living needs of customers. In the future, builders, developers, and real estate agents can achieve success by crafting business strategies that consider not only market conditions but also the general mindset of people, through a well-structured real estate business plan.

 Considerations for Builders

Builders must certainly take into account the global technological advancements in the real estate industry. Among these, the technology known as Building Information Modeling (BIM) can be considered a boon. Through this method, one can clearly understand and manage both the current and future state of a building.

 Role of Technology in Urban Infrastructure

This technology is also a valuable tool for excellently designing prototype plans and three-dimensional representations of urban infrastructures.

 Collaboration with Professionals

Moreover, according to the real estate business plan, the cooperation of engineers, architects, interior design experts, and legal advisors is crucial in this field. Builders should also be familiar with methods of undertaking construction projects through joint venture agreements, which act as project partners professionally.

 Virtual Reality and Augmented Reality

With technologies such as Virtual Reality (VR) and Augmented Reality (AR), buildings can be visualized even before construction. This allows customers to customize the interior structures, painting, and furniture to their preferences.

 Artificial Intelligence in Construction

Artificial Intelligence (AI) technology is proving to be highly supportive for builders in the process and management of construction activities. Through investment structures like Real Estate Investment Trusts (REITs), Infrastructure Investment Trusts (InvITs), and Real Estate Mutual Funds, builders can secure business investments from investors.