The corona pandemic last year took the world by surprise and proved extremely stressful for companies and industries. While all industries have made efforts to overcome the problem, it has been the real estate sector that has shown remarkable resilience and embraced the technology in an important way to see a strong rebound in the second half of the last year.
The second wave slowed this recovery process somewhat. Some potential homebuyers wait until the current wave subsides.
All of this is possible because the industry has been involved in the adoption of new technology and has put many of the real estate buying processes online. Technologies such as 3D property walkthrough, augmented reality (AR) and virtual reality (VR) have been implemented by industry players so that home buyers no longer have to physically go to the site and inspect properties.
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