Despite being one of the biggest drivers of the Indian economy, the sector is bogged down by several challenges. Prime among these is the lack of digital tools and processes that increase efficiency, price volatility in a dynamic market, inability to plan inventory or schedule timelines, tedious and time-consuming process of obtaining building permissions and regulatory compliances.

To achieve a higher order growth in business, the real estate sector needs to adopt a structured approach that is digitization-led. This will increase productivity, enhance quality, effective business control and, above all, increase customer satisfaction. Further, adapting to AI, IOT, ML, AR, VR platforms to elevate industry standards will ensure that construction is made easier, faster, better, and cheaper.