Perhaps the most popular financial term from 2020 onwards. Blockchain has certainly revolutionized the world and most of the major asset classes too.
From stocks, controversial bitcoins, NFTs, the list goes on and on. And real estate is not far away from joining the ranks, infact it already did in many countries!
but before getting into the details,
let's discuss a bit more about blockchain for the uninitiated.
A Blockchain, in simple terms and just as it sounds, is a database that is divided or distributed into different blocks of information or records. Technologically these records are ironclad as the digital blocks cannot be tampered with.
The digital timestamp of these records, as mentioned earlier, cannot be influenced in any way, making it trustworthy without the need for a third party. This is precisely why Bitcoins are getting more popular around the world. As these "blocks" of data "chained" together is also have a separate storage limit per the blocks, thus once a block is filled with data, the next set of information is added with a new block. And all these blocks become a part of an immutable timeline, which guarantees their value.
Thus blockchain revolutionized the concept of transactional ledgers. Since these are more trustworthy than the regular digital or paper ledgers, one can be assured of how much value he or she has provided into a transaction, the true owner of the same, and finally, whether the second party actually received the same or not.
Blockchains are recorded and distributed accordingly but cannot be edited at all!
Now let's see how Blockchain can revolutionize Real Estate!
Real Estate, indeed the largest asset class in the world, is not without its share of scams and fraudulent elements. Everyday in the news, there's bound to be a report of how the buyers were duped by the agents, or the developers. There are even cases of the homebuyers duping the construction agencies as well. And in a country like India, real estate scams have already become the norm.
This is also one of the top/major reasons why the common man just stops after his first home and never thinks of real estate investments. Thus by embracing blockchain technology, trust can be brought back to the sector.
Already technology is indeed playing a great game in bringing in the Millenials into the real estate sector, especially in the residential and rental segments, but if the industry needs to evolve and rope in more capital, thereby transcend into a whole new level, like REITs or the similar kind, Blockchain technology should be the new norm.
As mentioned earlier, various tenets of construction and real estate technology have already revolutionized real estate, and blockchain would be a fine addition to the same.
Blockchain can help Real Estate in various ways. The no-brainer is, it can initiate smooth, trustable, and efficient financial transactions. The second is that with the rise of blockchain in real estate, the industry can become a whole lot transparent and thus eliminate many of the scams prevalent in the industry.
Blockchain, once adopted into the current streams of home buying, renting, and leasing can even be upgraded to initiate safer and improve the current property search and selection process, which in turn creates smarter decisions from the customer.
Besides, Blockchain becomes a win-win-win for the trio of buyers-realtors and developer fraternities around as it makes the process more efficient & effective also destroys out the culture of scams within real estate.
So, what are your thoughts on the matter?
We would love to hear them in the comments section below.
Get the Latest News and Updates Of Indian Real Estate
Well, we are aware that real estate has never exactly been one of those binge-worthy blog categories. It has neither been the kind of topic you could not get enough of, nor is it half as juicy as celebrity gossip.
However, in India, real estate blogs are starting to get clicks and likes, and it has become one of the trending topics. People worldwide are beginning to realize how real estate as an industry affects the economy and how important it is to understand housing trends to enhance their lifestyle.!
The relevance of informative Indian blogs on real estate and finance are at an all-time high now. The youngsters are bidding big on investment options, and brackets such as realty have proved to be highly dependable compared to others.
The Millennials are flooding in to invest in apartments, plots, and villas, and the earliest members of the Gen-Zs' entering the workforce and looking forward to having their own homes. This has only fuelled the growth of digital real estate blogs to keep up with the tech-savvy generations.
Also, the real estate sector has been proving time and again, how reliable an investment choice it is. So, learning about the sector is the smart way to climb up the ranks, and where else can you learn so much except from real estate Blogs! Real estate is the second-largest contributor to the country's GDP; hence there is no doubt that it affects every one of us, whether we see a future in the Real Estate Industry or not. After all, we all live in our homes, and housing is a significant part of the industry.
We know exactly what you need to know and what you like. We know you want to feel engaged and entertained, and at the same time, hot housing news should be fed to you! We have turned the tables, grab a spoon, and start digging!
And Voilà! We present to you the most Interesting and Informative blogs!
As our name implies, we are not limited to realty alone, granted we do Specialize in it. We are all about Homes, and we are in love with Tech and Innovation! Naturally, our blogs cover a myriad of topics related to real estate and housing from Luxury, Lifestyle, Home Decor, Vastu, Real Estate News, Reviews, Tech & much more!
We make every one of our real estate blogs as interesting as it can get and attach with absolutely unique and accurate images, to provide you a better understanding. Not only do we cover a wide range of topics, but we also cover them at the right time. We update you on our socials such as Facebook, Instagram, Linkedin, Pinterest, and Twitter on every trending topic, so you are never miss anything and worry about being left behind!
However, we never go out of hand with our Indian real estate blogs that our beloved Readers have come to love over the years.
Everything in India is a state of constant flux; maybe that's why we Indians became one of the most adaptable and cosmopolitan people in the world!
If the nation's elements are shifting its focus, how can real estate be any different? Indian Real Estate Sector is perhaps one of the most dynamic ones in the entire world. Since the Real Estate in India is yet to be organized entirely, the variations in one segment affect another in ways difficult to comprehend.
The complexity and nuances can be understood only by reading about what is going on in the sector. Like we mentioned above, it affects every one of us. Hence it is essential to keep up to date.
With its ever-changing shifts and tides, it's virtually impossible to keep track of the sector's latest trends and sink our anchor deep. That's where we come in! We are just one google search away!
We also try to solve every home-related query through our Indian real estate blogs. And that's not all. We provide you insights on technologies that make the modern taste and rate of development possible, detailed analysis on real estate projects, insights on loans and taxes, advice on the home buying process, and articles on health and fitness. We provide you information about the trending topics in the Indian real estate industry.
We also host video podcasts named Expert's Voices, where we discuss with the leading players in the industry about market scenarios, offers, anything and everything related to real estate.
In addition, we host Real Estate News so you can stay updated on the sporadic events that happen around the country concerning Indian Real Estate. We also make short and easy to understand real estate video blogs.
We have got so many topics to read about that even if you have years of experience or are just curious and googling to get some ideas about Indian real estate blogs, you will find the best ones here.
At Homes247.in, we strive to provide you only the best real estate blogs. Our blogs are always entertaining; even the dullest subject we touch upon, we try to make it engaging. We make sure the best of the best is are the only standard we keep ourselves at when it comes to our service or our Indian real estate blogs.
Our team is made of a dynamic group of keen hands-on expert researchers who work tirelessly along with passionate and knowledgeable content writers to bring to your fingertips the world of real estate.
On every one of our real estate blogs, we research vigorously, write creatively, carefully compile, and thoughtfully curate the best real estate blogs, especially for you, from India's best content writers and contributors.