Proptech's Transformative Role in Real Estate
real estate industry is experiencing a profound transformation, led by the rise of prop-tech, a technological revolution set to redefine how properties are developed, managed, and purchased. In an insightful conversation with Vandana Ramnani, Editor - Real Estate at HT Digital, Boman Irani, President - CREDAI, and Chairman and Managing Director - Rustomjee Group, shared his thoughts on how proptech is not only enhancing efficiency but also addressing the complexities of land acquisition, redevelopment, and regulatory processes.
Through this lens, he explores how technology can elevate industry standards, streamline operations, and pave the way for sustainable, future-ready urban landscapes.Irani joined Ramnani on Mint's new show Brick by Byte, produced in partnership with Nucleus Office Parks. Watch the full episode here,Proptech innovations are significantly streamlining real estate operations, allowing developers to eliminate manual errors and improve project execution times.
"With technology-driven processes, we see fewer errors and faster project execution, which ultimately benefits everyone involved," says Irani. Tools like just-in-time purchasing, smart resource tracking, and enhanced quality control are especially valuable in the redevelopment sector, where timely and accurate execution is crucial.Land acquisition is often one of the most challenging aspects of real estate, with developers needing to address clear titles, litigation risks, and zoning laws.
"Proptech has the power to gather data from multiple government sources, helping developers better understand a land parcel’s potential for development and legal standing," Irani notes. This centralised, data-driven approach can prevent costly legal disputes and
. Read more on livemint.com
