With the advent of technology, the real estate industry has been evolving in ways that were previously unimaginable. The integration of leadingedge technologies has been paving a path for digital transformation in the industry, and today it has reached new heights. PropTech is indeed booming, and it is here to disrupt the real estate industry by changing the way individuals do business, from transforming the buying and selling processes to freeing up time and resources for agents to focus on more pressing issues.
Notably, one of the PropTech trends that have assumed significance is the increased use of e-signing and online property agreements. With many real estate and property deals being closed on video calls nowadays (without face-to-face meetings happening), electronic signatures and digital agreements are becoming mainstream. Adding to it is the rise of a number of tech platforms or cloud-based software that allow people to digitally sign a real estate lease, rent, or buying agreement, and contract as well as share the documents with the persons concerned. Similarly, artificial intelligence (AI) is also enhancing the real estate industry, particularly the way in which agents communicate with clients. AI can go through vast volumes of data, learn about the clients, and provide critical information on relevant properties. It also automates various processes, saving time and resources and allowing agents to better their relationships with their clients.
Additionally, mobile platforms have also been offering several advantages to potential renters by enabling them to locate the house or property and put in touch with the real estate agent in facilitating the deal. It also provides databases that are frequently updated, providing more timely information on new properties put on the market and those that are no longer available.
Keeping such drastic transitions in mind, many PropTech companies are entering the domain with advanced and integrated offerings. To help organizations navigate through the best-of-breed solutions, PropTech Outlook has compiled a list of the top 20 PropTech companies. The list comprises prominent organizations in the industry that address issues pertinent to the real estate sector by implementing current trends. Besides, the magazine also includes insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for aspiring CIOs.
We present to you PropTech Outlook’s, “Top 20 PropTech Companies – 2021.”