What is Proptech, Contech & CRE Technology?


Date: 20-March,2020Last Updated: 28-June,2021
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In 2020, it would perhaps be the era where India witnesses a new wave of Real Estate Technology!

Technology in this new age has now blanketed almost all the industries across the planet. Real Estate is the largest asset class in the world is also now at the forefront to implement technological innovations that will take its stride forward onto the next phase.

Real Estate Technology or Proptech is a broad term that aids the tenets of Property Acquisitions, Rental Service, Construction Technology, and Commercial Real Estate. Based on each of these, it can be classified into various categories such as Contech and CREtech etc.

So shall we dig deep into the classifications of Real Estate Technology?

Real Estate Technology

but before that

What is Proptech or Property Technology?

Proptech or property technology is the integration of Information technology into mainstream real estate. From data collection, property listings to the current Virtual Reality Tours, and BlockChain incorporation, every tenet of Real Estate now falls under Proptech.

The origins of proptech dates back to the late 1980s and 1990s when computers were used to simplify the tedious paperwork of the deals and regulations. As the scope of the Internet grew, builders and developers started to put up websites on properties. Soon in the advent of the Y2K phenomenon, realtors started property web portals.

The technological inputs of the early 2000s have deeply woven the concept of accessible real Estate into every household. It had also caused the downfall of many brokers who failed to evolve with the trend. Soon searching for properties online became the norm.

Towards early 2019 to 2020's, it has further evolved onto incorporating the elements of

  • Virtual Reality and Augmented Technology
  • Drone Technology
  • IoT and Home Automation
  • Data Analytics and Investment Predictions
  • Blockchain and Cryptocurrency

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It is estimated that the integration of 5G shall push the possibilities of proptech even further. Thus the technological innovations which await us in 2020 would exceed our every expectation.

Construction Technology

1) CONTECH

What is Contech or Construction Technology?

Contech is the umbrella term for the technological innovations applied in the construction and building phase of structures. Any innovation involved in construction like the methods used, the designs, the tools, and machinery is classified under Contech.

Contech is expected to bring in exciting innovations within the next decade. As it is a part of Civil Engineering, there are many new ideas gaining prominence within this sphere. The rise of smart machinery is an inevitable phenomenon that will revolutionize the Construction Industry, especially the ones which shall reduce the human fatality factor.

Autonomous machinery like rovers powered by AI, scouts the sites and deliver heavy materials across the world. Currently in India, such machineries are getting prominence as it will help to reduce human fatality .

India has already brought certain features of western construction methods and machinery, especially the use of drones in construction. The construction methods such as MIVAN Construction Technology and Precast Technology are already popular in India. Drone Technology is currently used in mapping and analyzing the sites and structure. However soon they will be developed to deliver heavy machineries and materials easily to high altitude construction sites.

Commercial Real Estate Technology

2) CRE TECHNOLOGY

What is CRE Technology or Commercial Real Estate Technology?

Commercial Real Estate Technology deals primarily with Buying, Renting, Data Analytics, Softwares, which help to operate and deal with Commercial Spaces like Shopping Malls, Retail Stores Offices, and Workspaces.

The current realm of Commercial Real Estate concentrates more on Co-Working Spaces rather than retails or shopping spaces. The yesteryears mostly focused on the buying and selling of these spaces and structures.

However, CRE Technology shall now move towards the integration of IoT or Internet of Things to interact and operate on these structures, ensuring better comfort and easy maintenance.

Real Estate Technology is an inevitable asset for the sector as well as the consumers. As one of the most significant employer industries across the globe, both directly and indirectly, providing livelihoods to millions of people, the sector can't ignore the evolution of Technology. The industry will undoubtedly be one of the major leaders contributing to the best innovations in the coming years.

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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.

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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.

What is the Importance of Real Estate Blogs?

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.