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Continuous growth in the market of residential real estate requires that landlords and property management companies deploy the proper tools to ensure that they attract and retain tenants. The adoption of new technologies simplifies the process of establishing lease agreements, which saves time, increases profits, and contributes towards environmental sustainability and meeting demand for green buildings.

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Indian proptech firms have made it easy for home buyers and sellers to locate a property with ease. Some are like 99acres and Square Yards that are real estate aggregators and give users data on the houses that are up for rent or sale in a particular region. Others offer more services, like helping clients with mortgage finances.

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The success of a business relies heavily on real-time data for effective customer relations and business growth. Select a real-time data provider who fulfills your company’s needs with regards to markets, instruments and data depth, and evaluate their aliases by analyzing their capture, accuracy, and reliability pertaining to data sourcing, validation processes, and industry credibility. In addition, consider integration simplicity and update frequency for a market database provider.

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For quite some time now, Silicon Valley has been known to be the hub of real estate technology startups, but the activity is gradually shifting to other regions. New York City, contrary to the common perception that Silicon Valley is greatly favored, emerges as the most promising location for investment in CRETech.