Technologies in Real Estate Development: A Review
DOI:
https://doi.org/10.31181/sa22202429Keywords:
Development, Infrastructure, Internet of things, Real estate, TechnologyAbstract
The purpose of this study was to elucidate the role of technology in real estate development. A strong grasp of technology is essential for real estate developers to stay competitive in the real estate industry. If a real estate developer does not understand how technology fits into the real estate development process, they will most likely go out of business. In real estate development, there are limited studies around technology adoption, so it could be difficult for outsiders to find a way into the sector. Literature analysis was employed in this study. The three technologies utilized in the process of developing real estate are construction, finance, and property technologies. Most studies conducted on real estate development explore finance and construction technologies, without clarifying the difference between property, finance, and real estate technology. Few studies have been able to describe real estate technology in a way that promotes creativity and revolution in its development. There are chances to discover how real estate technology is changing the real estate development process.
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