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.
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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.
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Congress must reform
SIR, The Congress party had been in power for several decades after independence.
Toxic Living~ II
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Constitutional Whispers
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Migration Tragedy
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Rahul Gandhi accuses govt of protecting Adani
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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
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