Gone are the days when buying a home would mean endless and tiring site visits to have a look at the unfinished houses. While a generation ago, this was considered a pleasurable activity, time-robbed Millenials see it as an unnecessary hassle, often prolonging their decision to buy a house.
However, the Indian real estate industry is just about to witness a paradigm shift in the way the customers will be approached, thanks to Virtual Reality. This technology is gaining huge popularity as a tailor-made application among both consumers as well as developers.
This is how virtual reality technology is changing Indian real estate scenario:
- For Developers:
Forward-thinking realtors are already moving beyond photos, and even 360-degree video and now have started offering clients 3D virtual property “tours” right on their devices. Using virtual reality’s high definition display, the developer can offer a hands-on feel of the entire project and that too with complete transparency.
The technology gives an opportunity for developers to reach out to far-flung HNI clients and increase their geographic reach. VR headsets and the power of touch screens, that are compatible with all leading smartphones give the customer a 360-degree video inside the property of your choice.
- For Brokers/Intermediaries:
With a virtual reality headgear or special 3D glasses, customers can also view and even shortlist properties without consuming much time. Tailoring a design to a customers convenience along with giving them recommendations and suggestions can help create a delightful immersive experience through VR.
- For Interior Designers:
Making a home out of a house can be a mammoth task. While Indian Millenials today are well-traveled and well-informed with an aesthetic taste, they often don’t have time to procure the dream assets. And this is where VR technology can play a huge role.
Bengaluru-based Livspace provides a one-stop shop for homeowners containing everything from interior designs to a full-scale inventory of home décor items, allowing them to customize a living space and witness a project shape up from start to finish- everything through VR technology.
- For Customers/Home Buyers:
To be able to walk through a place having the exact preview of how the future space is going to look like with even minuscule property features like placement of furniture, natural and artificial lighting, view from a balcony- all this without moving an inch from your place of work is definitely moving Millenials towards this technology.
A generation that is too familiar with online shopping, shortlisting or even making buying decisions through VR will be like just going an extra mile. With companies like Livspace providing a complete e-commerce catalog of home décor products, including door handles, curtains, upholstery, wood laminates, veneer, paints, and tiles, buying a house and getting the interiors done will now be a joy ride for new-age home buyers.