The ‘Real Estate 3.0: Technology-led growth’, the rise of PropTech is sweeping the real estate sector as an innovative digital transformation. Technology in the real estate segment which was largely confined to listing residential and commercial properties is now infiltrating every aspect of real estate, this and many other important topics were brought forth and discussed by the eminent real estate captains at the Premier Edition of CII-Colliers: Tech in Real Estate Conference.
Confederation of Indian Industry– Colliers Report on Real Estate 3.0: Technology-led growth released
• Digital transformation set to rewrite the future of the real estate sector
• Real Estate 3.0: Technology heralding renewed growth for sector – Real Estate Report
“To give a leg-up to their businesses, landlords and occupiers are focusing on technology is at the core of their strategy. For developers, high-performance buildings can lead to better occupier retention and lower operational costs. Studies suggest that full-scale digitization can help the construction sector generate cost savings of 12-20% annually. Our APAC benchmarks too suggest that green buildings can lead to operational cost savings of up to 37%. However, it is not just more savings. Such buildings also lead to enhanced wellness of employees in the buildings. Overall, the real estate sector is on the cusp of a change, with huge untapped opportunities for higher efficiency and savings. In the next 5 years, technology is going to be a game-changer in altering the workplace,” said Ramesh Nair, Chairman - CII Conference on Tech in Real Estate & CEO, India and Managing Director, Market Development, Asia, Colliers.
The Summit was attended by 600+ industry delegates across India and witnessed the release of CII – Colliers Report, titled “Real Estate 3.0: Technology-led growth”.