Adopting proptech solutions not only improves the real estate business standards but also contributes to attracting more investors.
FREMONT, CA: The proliferating proptech industry has already created a massive buzz across the global market, helping the real estate professionals identify and explore brilliant business opportunities. From changing the property selling processes to upgrading the property features, proptech stands as the futuristic solution for realtors. Such rapid advancement and transformation across the industry have also attracted various investors across the globe.
• Commercial Real Estate
Industry experts predict that Commercial Real Estate (CRE) will surely bag huge investment, as it has the potential to bring continuous business benefits from rental income. Increasing demands for commercial properties with high-tech facilities create numerous opportunities for the CRE brokers to gain regular commissions while attracting investors to support the development of more such properties.
• Next-Generation Renting Solution
The introduction of proptech-based housing applications and renting portals has created new business models for the property owners. The concept of sharing rental properties has become successful due to property management applications. It creates new opportunities for property owners to gain huge rental income in case of a co-living property. In such business models, installing smart appliances integrated with cameras and sensors contributes to maintaining the assets more efficiently for a longer duration.
• Smart Property
The concept of smart property includes initiatives to install intelligent appliances with features like lighting and temperature sensors, wireless connectivity, smart cameras, and more. The changing lifestyle of today’s individuals increases the demands for smart properties while raising the revenue rates of the real estate and proptech businesses simultaneously. Such business benefits attract investors to support smart property projects and gain high ROI.
Proptech industry contributions to standardize real estate properties result in attracting high-net-value investors for making regular investments and exploring brilliant opportunities for gaining high ROI.