Digital house hunting- The latest trend of 2024.

                                              By Shravan Gupta.

Over the last decade the Indian real estate has witnessed some tremendous changes. And according to experts, it is an example of the shining India. Like all other sectors, technology has made its inroad in the real estate too. Some market analysts say this trend is here to stay. Today it is possible to search for a house online and a common practice adopted by potential buyers and corporate houses. These have emerged as the optimum medium for selling or leasing the apartments and attracts new buyers. As the target audience of such campaigns are usually Gen Z and tech savvy people.

Shravan Gupta, MGF Group says digital house hunting is the latest trend for 2024. The experts say this will become more prominent and the go to medium for the real estate segment.

Digital house hunting as the trendsetter.

Today almost everything is sold on social media and internet. Hence, builders too are encasing on this change. It is very rare for a person to go for house hunting physically due to lack of time and distance factor. And digital house hunting is the solution to this problem.  Shravan Gupta, MGF Group says most builders have their own websites to promote new and current housing projects. The presence of online real estate portals like makaan.com is on the rise. And one can view everything about the property from the comfort of their office.  This trend will continue till few more years as world becomes more tech savvy. 

Single avenue for information.

It is hard to find a house which meets all your criteria by visiting physically every place. But in digital house hunting it is possible to locate your dream home by giving the details like Price, locality, carpet area and nearby places. This saves the travel time and gives you a picture of your future dream home through AI or 3D model. 

All this can be done with the touch of a single click. This will boost the sales in the housing and commercial segment. And popularize India as the ultimate destination for your next home. Experts say this is likely to attract more NRI investors and buyers. A trend that will make India a global market.

Ease of doing business.

The paperwork takes a long time while buying flats. But now it is possible to do all such works online and save time. The banks have eased the rules by providing online housing loans and it has eased the process for buyers. A housing or commercial loan can be availed at a single click. And it allows one to compare the loan rates from the comfort of home or office. This has also bought the transparency in the real estate segment proving beneficial for builders. Shravan Gupta, MGF Group believe this is a welcome change and a boon for the real estate sector. The advent of technology has made it possible to know about the EMI’s and avail deductions through attractive schemes.

The digital house hunting is on the boom in the Indian real estate segment. It signals a positive sign for the growth of the sector and beneficial for the Indian economy. Going forward, most real estate companies will have to adopt the policy of digital first.

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