It’s amazing how the hardcore physical industries, such as Healthcare, Manufacturing, Real Estate, and Construction that once had iron walls facing technologies, are now embracing them with both hands. The construction industry is undergoing a significant digital transformation. The aspiring real estate entrepreneurs and even established enterprises in the industry need to delve deeper into using the right technology to fix a problem, making construction more sustainable and environmentally friendly while never compromising on the aspirations of the customers. That’s where constant innovations and the pool of advanced technologies really come in.

The technology penetration in the industry is currently focused on three major aspects: improving the client tenant experience throughout the property lifecycle, helping stakeholders to make informed investment and property management decisions, and on the construction front, process automations and robotics are making a foray. Artificial intelligence (AI), virtual reality (VR), augmented reality (AR), and the internet of things (IoT) are playing their parts. Both AR and VR have multiple applications in construction, which will expand the capabilities of professionals onsite and in the office.

The use of advanced technologies in construction is still in its nascent stages, especially in India; however, with rapid innovation, including the emergence of new, sustainable construction technologies, the future seems bright enough. The real estate sector in India is expected to reach $1 trillion in market size by 2030, up from $ 200 billion in 2021, and contribute 13 percent to the country’s GDP by 2025. It clearly indicates the sector’s growth trajectory and potential and the immense opportunities that lie ahead.