Keeping up with this technologically revolutionary era, the use of Artificial Intelligence is increasingly widespread in all business sectors, including the real estate sector. It is considered a way to gain more competitive advantages within the market. If you go around in the market in search to buy apartments and villas, especially in Goa or any metropolitan city in India, the use of AI can be noticed tremendously.
Today, in this article by Veera Group, we discover where Artificial Intelligence is being applied and how the property market can thrive with its help.
Artificial Intelligence is one of the latest trends in the technological development of the Real Estate market. It is an innovative technology that imitates the cognitive functions of human beings in a simulated way.
It can be simply explained in other words, the AI are software solutions, which are programmed to learn and optimize themselves, solve problems, and exercise with human reasoning. This helps probable clients who are searching for let's say buy a home in Goa, get their search streamlined, and find the right matches as per their requirement in a blink of an eye.
Artificial Intelligence has the potential to speed up and improve labor-intensive processes. Because of that, the real estate industry can save a large investment of time and cost overall, but especially in the key areas of customer service and operational efficiency relating to their applications. Customer data management becomes easier and the efficiency of the overall system advances.
According to various reports, an estimate has been made that states, if companies invest in Artificial Intelligence and human-machine collaboration, they could increase their revenue by 38% and can elevate employment levels by 10% by the year 2022.
Veera Group, a reputable developer in luxury housing in India, has succeeded in making a name for themselves in the luxury apartment and villas business in Goa. They constantly put in efforts, in every possible manner to attain and maintain the standard of one of the best real estate developers in the country. The company has a definitive technological approach and is constantly acquiring advanced tools to ensure and facilitate exchanges with customers.
1- Customer service: Chatbots
The same as leading messaging companies such as Facebook Messenger, Hike, or Telegram. Real estate agencies are also introducing some systems for automatic customer service, like Chatbots on their website. This not only provides a quick conversation but also helps customers on the spot.
A Chatbot is a software application that is used as a personal online assistant. It is able to conduct direct conversations via text or text-to-speech. Therefore, customers can be served 24 hours or 365 days of the year.
Simultaneously, Chatbots can also support the Real Estate agents to better accomplish their heavy lifting jobs, like gathering information from extensive databases in seconds.
Moreover, based on the customer information that they accumulate over time, Chatbots become smarter and seek more appropriate solutions to customer problems.
2- Property information verification
In many cases, the property information on the Real Estate directories may not correspond to the authentic data of the properties. This happens because they are unused to double-checking, or as there are too many properties and some data could be out of control.
If a customer is looking for luxury apartments in Goa for sale, in that case, AI allows to automate the process and check if the information used on each property is correct or not. Like the addresses, the square meters, or if it has parking or not.
The information will be accurately analyzed in seconds, and a “false or true” answer will be provided. In this way, the date of the properties can be automatically verified. This way, the clients can always receive the correct property information.
How AI will transform the purchase and sale of Real Estate soon?
As you can see, AI can be applied in many diverse areas within the Real Estate sector. Even though not all participants in the sector already have it in use or development. But definitely, companies who embrace AI-driven technology will have a clear competitive advantage compared to those who do not.
In a near future, AI will become one of the most important resources for companies to enhance work efficiency and obtain more significant benefits.
22 Jul 2021
Artificial Intelligence, Buy House in Goa