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Digital India

House of Hiranandani Launches Next Generation User-Friendly Website

House of Hiranandani, a leading real estate developer in the country, has launched a new look, aesthetically and technologically distinct website that helps users and consumers get easier and quicker access to the company’s rich range of offerings. The website, conceptualized and developed by L&K Saatchi and Saatchi, ensures a simplified user journey, keeping in view the mobile user too. The newly developed website has been built on the basis of extensive research and also considering the online navigation patterns of the consumer. The design is system agnostic and makes possible an experience similar on the mobile as well as on the desktop. Commenting on the new website, Mr Prashin Jhobalia, Vice President – Marketing, House of Hiranandani, said, “The launch of the new website signals...

Top 8 Digitization Tools for the Real Estate industry – RealtyMyths

by Akhilesh K Prasad India is expected to be the third largest construction market by 2021. It is, therefore, necessary that we develop technologically advanced solutions that will cope with this rapidly growing market. Considering the budget for software technologies globally, which is 1-3% of the total project cost, the Indian real estate industry has a lot of ground remaining to cover on that account. The focus of the traditional model of project management was on the delivery of products and services. Newer models interpret business strategy, provide effective risk management and derive solutions. Some of the tools being used in the real estate industry are as follows: Building Information Model This is a 3D model that is used for creating and managing project information. It gives det...

Smart Cities: The Next Digital Frontier for India – RealtyMyths

by Akhilesh K Prasad The government of India launched its Smart Cities Mission (SCM) in June 2015 amidst much fanfare. The objective of the project was to promote sustainable and inclusive cities that provide core infrastructure, give a decent quality of life to its citizens, and a clean and sustainable environment with the application of ‘Smart Solutions’ for convenience. Thus the thrust is on making the country digitally empowered by improving infrastructure for the delivery of services online.  Digitization goes beyond simple automation and modernization. It refers to the development, operation and maintenance of background technological environment including the infrastructure within government organizations. With the adoption of smart technologies, Smart Cities are said to be the digi...

Benefits to Property Owner and Real Estate Sector by Digitization of Land Records

by Akhilesh K Prasad A modern market requires a strong system of property rights. In India, however, land titles have been presumptive rather than conclusive. By modest estimates, nearly two-thirds of all pending cases in Indian courts are related to property disputes. Such cases take an average of 20 years to settle. Till such time millions of Indians cannot enjoy their rights over their property. With the objective to sort this grave issue, the UPA government started the Digital India Land Records Modernization Program (DILRMP) in 2008. The current government regime reiterated the importance of digitization of land records and has included this program in its Digital India Initiative. The objectives of the program are as follows: To modernize land records management including computerisa...

Is the ‘Human Touch’ in the Real Estate Business now obsolete?

Anuj Puri, Chairman – ANAROCK Property Consultants With the advancement of the Internet and e-commerce, the ‘human touch’ and ‘face-to-face’ interactions are on the decline. Hand-written letters and postcards have gone the way of the dinosaurs, and even e-mails are rapidly becoming passé as the world shrinks into smartphones and messaging apps replace almost all other modes of communication. The way we shop has definitely undergone a massive sea-change over the past few years. Less than five years ago, ordering food, groceries, clothes, furniture and a whole lot of other commodities and services with the click of a button would have seemed like far-fetched science fiction, but it is a reality today. And it’s not only in shopping where the human touch faces obsoletion, but almost all forms ...

Selling property online will help bring more transparency!

If we try to analyse the last 1 year of dynamic developments in the real estate sector, one can clearly devise out that the sector is heading towards unprecedented transparency and accountability with sufficient grievance redressal forums. In the era of Real Estate (Regulation and Development) Act, 2016, Goods and Services Tax, crackdown on Benami property, limiting cash transactions, including linking the bank account with PAN cards for furthering the systems of checks and balances, transparency is the new normal and clear departure from the erstwhile opaqueness. During this transparent and digital age, whether transacting online through digital platforms would usher in a new era in the real estate paradigm? Mythbuster Aojasvi In the last half a decade, ever since the internet has become ...

Transforming Puducherry into a smart city: JLL

Puducherry, formerly called Pondicherry, was historically a French colony and still retains much of the ethos of its French heritage and architecture today. This extremely famous tourist destination is renowned for its long beach promenades, large boulevards, colourful houses reflecting both French and Tamil architecture. The city has a highly-organized grid pattern of streets, fascinating heritage monuments and its very own Tamil precinct. A. Shankar, National Director & Head of Operations – Strategic Consulting, JLL India All these facets have, over time, ensured that Puducherry continues to stand apart – as a tourist location and as a unique city in India. WithAuroville being an important magnet, the city recorded 1.07 lakh foreign tourists in 2016 accounting for 11% annual growth. ...

RealtyWatch – Top Real Estate News Updates

A delayed passage of Real Estate bill can be improvised further to make it more functional Alas, the winter session of Parliament has ended for the year 2015 without the passage of the Real Estate (Regulation and Development) Bill 2015. The bill held the key to transform the entire real estate ecosystem. The clearance of the Bill in this last session would have heralded a happy opening in 2016 for the real estate community as well as consumers with a promise of timely delivery and ease of transaction. All the hue and cry by the builders about government authorities not giving approvals on time may perhaps be true for this is a live example of one more delay- with a possibility of a major push back to the revival process of the sector for a longer period.FBusiness Construction sector shows ...

Smarter India, Digital India – Schneider Electric seeks to transform Indian business landscape

Schneider Electric (SE) – the global leader in Energy Management & Automation – is seeking to leverage its Internet of Things (IoT)-driven competencies to bring about process efficiency across businesses in India. IoT is an emerging industry in India and is expected to cross $15 billion by 2020. To support this industry, the Department of Electronics and Information Technology (DeitY) has come out with a draft IoT policy that aims at building an entire ecosystem around IoT and to incentivise the players in the ecosystem. Home and building, manufacturing, consumer electronics, retail, power, transportation and healthcare are some of the key sectors which are likely to see major spendings on IoT. One of the hottest technology trends across industries, IoT solutions are bringing unprecede...

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