The report expects PropTech to grow at a sustained rate to touch $600 billion in market size by 2047, comprising approximately 12-13 percent of the entire real estate industry. The study backs the ongoing and projected technological revolution in real estate, given that currently, PropTech makes up less than 5 percent of the $300 billion real estate sector.
The report highlights how innovations like Artificial Intelligence (AI), the Internet of Things (IoT), and Building Information Modeling (BIM) are revolutionizing operations, enhancing efficiency, and ensuring transparency across the real estate value chain. This transformation supports India's projected $26 trillion GDP by 2047, with the real estate sector projected to contribute over 18 percent, up from its current 7 percent share of the GDP.
この記事は The Statesman の November 27, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は The Statesman の November 27, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Travis Head Quashes Rumours Of Cracks In Australian Test Team
Australia batter Travis Head has refuted claims the Test side is fractured after Josh Hazlewood caused a stir with a comment that implied there might be a split in the dressing room.
India backs early ceasefire in Gaza, says Jaishankar
Describing Saudi Arabia as an important factor of stability in the region, External Affairs Minister S Jaishankar on Wednesday expressed deep concern over the continuing conflict in Gaza and called for an early ceasefire.
Do we still need the G20?
The G20 remains an important platform for dialogue between major countries and a banner of multilateralism in today's world.
Congress must reform
SIR, The Congress party had been in power for several decades after independence.
Toxic Living~ II
While trucks and other heavy vehicles have been recognised as a major contributor to air pollution, in India, freight movement by rail has declined, giving way to a road-based freight system dominated by trucks. Rapid expansion of roads and highways has given impetus to road transport. The share of railways in 1950-51 was 89 per cent, which declined to 27 per cent in 2022
Constitutional Whispers
There are several troubling aspects to the Apex Court's interventions in the R G Kar case, argues Debarshi Chakraborty.
Migration Tragedy
The conviction of two individuals involved in a human smuggling operation that led to the deaths of an Indian family at the US-Canada border in January 2022 underscores the devastating toll of illegal migration networks.
Rahul Gandhi accuses govt of protecting Adani
Leader of the Opposition in the Lok Sabha Rahul Gandhi, on Wednesday, accused the BJP-led NDA government at the Centre of protecting billionaire businessman Gautam Adani, who was indicted by the US Department of Justice (DOJ) and US Securities and Exchange Commission (SEC) for alleged bribery.
India welcomes ceasefire deal in Lebanon
India on Wednesday welcomed the ceasefire between Israel and Hezbollah in Lebanon, hoping such developments will lead to peace and stability in the region.
England Veteran Stokes skipped IPL auction to prolong international career
Ever since the advent of cash-rich T20 leagues across the world, including the money-minting Indian Premier League, there has been a debate over players choosing franchise cricket over their respective national teams' interest.
