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Digital Disruption through Technologies like AI, ML and Blockchain Set to Transform Indian Real Estate Ecosystem

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New Delhi [India], November 26 (ANI/NewsVoir): Artificial intelligence has emerged as one of the biggest disruptors and game changers in the real estate landscape today, enabling a strategic, and empowered buying and selling experience. With the potential to carry out massive technological reforms across the sector AI is driving change with a technology-led immersive experience made possible just at the click of a button. These views were expressed by eminent leaders from the industry at'Leveraging AI in the Real Estate Landscape', a webinar organized by Techarc, a leading technology analytics, research and consultancy firm in association with Compass, the overseas development centre of Urban Compass Inc., a US-headquartered technology platform leading change with new age technologies such as AI & ML in the real estate industry. The panel called for leveraging the power of AI and its potential to transform the real estate landscape especially in India with appropriate investments. Incorporating data and AI based algorithms is enabling leading real estate platforms like Compass, in decision making process and at the same time is also assisting them in managing the substantial volumes of historic data that has been generated within the industry over the years and monitor bespoke KPIs in order to expedite procedures and extract useful data.


Artificial intelligence reveals top 30 investor suburbs

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A new research tool launched by buyer's agency network BuyersBuyers promises to take the guesswork out of suburb selection by using artificial intelligence to match a purchaser's budget with their best prospects for capital growth. BuyersBuyers co-founder Pete Wargent said the unique Where to Buy tool provided answers on which location and what sort of property would be the best choice for investors or owner-occupiers under a specific budget. "We've created a simple online process that improves the customer journey, and can help buyers to reduce time, cost and stress in their search," Mr Wargent said. The tool, which was developed in collaboration with RiskWise Property Research, assesses metrics including housing supply, median values, 12-month price growth and vacancy rates to determine whether the locations would provide risky or rewarding prospects for investment. RiskWise Property Research chief executive Doron Peleg said the new offering would complement a suite of research tools developed in conjunction with BuyersBuyers that were free for subscribers. "For example, for 2022, we ran a list of thirty suburbs which are expected to perform well for investors with a budget of up to around $1 million," Mr Peleg said.


6 ways AI is revolutionizing home search

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As all agents, brokers, and home buyers know, searching for a home is a deeply personal process, and one of the most difficult challenges for buyers is narrowing down what they want. When a prospective buyer walks through a home or searches for one online, they are making hundreds of value judgments, often without ever consciously realizing them or expressing them to the real estate professional they are working with. Thankfully, artificial intelligence (AI) can now help bridge that gap and deliver a customized and personalized experience for consumers, without additional work by the agent or broker. For years, it has been easy to search for homes based on basic criteria like square footage, but what if a client wants something a little more specific, such as hardwood floors in all of the bedrooms, or homes with granite counters and white kitchen cabinets? That's where AI comes in.


Two Young Roommates Are Building An Artificial Intelligence Real Estate Empire

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For many years, people dreaded the emergence of artificial intelligence and new technologies. Those who grew up before the iPhone and internet felt that their jobs would be put into jeopardy. The pandemic made even the most fervent Luddites change their attitude toward robotics, AI and technology. While sheltering at home, riding out the Covid-19 outbreak, they turned to online shopping on Amazon, ordering food deliveries via DoorDash and having others shop for food with the Instacart app. If a person needed to venture outside, and didn't want to risk going on public transportation, they requested an Uber or Lyft car.


An Exclusive Interview with Andrews Moses, Co-Founder and CEO, Tenantcube

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The real estate industry has started leveraging the power of artificial intelligence and machine learning to provide efficient services to property managers, landlords, tenants, and others. AI has helped to build a dedicated platform for real estate like property management software and many more for automating a complicated processes. This cutting-edge technology helps to build a strong relationship between landlords and tenants. Here is an exclusive interview with Andrews Moses, Co-Founder and CEO, Tenantcube, where he elaborates how the company integrates AI/ML into real estate to offer a property management software for efficient service with a team of real estate expertise. Tenantcube offers next-generation property management software and is designed to be an end-to-end platform fulfilling the needs of landlords, property managers, and tenants. The software drastically improves the entire experience of renting and saves time and money spent on traditional methods of rental property management.


The potential of artificial intelligence to help solve the crisis in our legal system

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The laws that govern affluent clients and large institutions are numerous, intricate and applied by highly sophisticated practitioners. In this section of society, rules proliferate, lawsuits abound, and the cost of legal services grows much faster than the cost of living. For the bulk of the population, however, the situation is very different. Access to the courts may be open in principle. In practice, however, most people find their legal rights severely compromised by the cost of legal services, the baffling complications of existing rules and procedures, and the long, frustrating delays involved in bringing proceedings to a conclusion . . .


3i Infotech enters new business segments

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The company has made significant geographical headways across global markets, which includes North America, Middle East and ASEAN, while strengthening its stronghold across UK, Europe and Africa. The subcontinent continues to be an important market, with India region generating 1/3rd of its revenues. Under the new structure and business overhaul, the company has built a strong funnel in South Asia, MEA and North America regions over the last quarter. It includes IMS, BPS, and AAA business across varied domains such as government-owned oil & gas, infrastructure & utility sector, civil aviation, real estate etc. Being debt free with a low equity base gives the company a good opportunity and room for expansion that will fuel future growth.


When algorithms go bad: Zillow, Amazon, Facebook and the pitfalls of rampant automation

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The downfall of Zillow's iBuying business is a reminder of the downsides of relying too much on automation and machine learning algorithms at this stage in the evolution of technology. On this episode of the GeekWire Podcast, a conversation about the pitfalls of real estate valuations leads John Cook and me into a larger discussion about the continued importance of human judgment and attention in the modern world. And in our final segment, we test a new feature: Tech Crank, in which we each offer a rant about something irksome in the tech world this week. Listen below, subscribe in any podcast app, and continue reading for links to the stories we discuss. Podcast produced by Curt Milton.


An Inside Look At The World of Real Estate Tech Companies

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Whether you want to say it was the COVID-19 pandemic or the market is changing with the times, real estate is embracing various forms of technology to get the job done. The combination of technology and the real estate industry has led to a new industry called proptech. This industry has appealed to investors more than the average consumer, but that could change in the near future. Let's take a look at a few areas proptech companies offer services and how they're changing the housing market. If you're like other buyers, house hunting has probably started online via house listing and search services.


Zillow's home-buying debacle shows how hard it is to use AI to value real estate

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In February, Zillow appeared so confident in its ability to use artificial intelligence to estimate the value of homes that it announced a new option: for certain homes, its so-called "Zestimate" would also represent an initial cash offer from the company to purchase the property. The move, touted by a company exec at the time as "an exciting advancement," was intended to streamline the process for homeowners considering selling to Zillow as part of its home-flipping business. Zillow promoted this option as a way to make it convenient to sell a home while minimizing interactions with others during the pandemic. Just eight months later, however, the company is shutting down that business, Zillow Offers, entirely. The decision, announced last week, marks a stunning defeat for Zillow.