Future of Real Estates
Document Type:Thesis
Subject Area:Management
According to Andrew Baum, chairman of Property Funds Research and advisor to several real estate organizations including Redevco and CBRE Global Investors, there are three main proptech movements which are now currently influencing the real estate sector. Smart Buildings A smart building is a building that uses automated processes to control the building’s operations including ventilation, heating, air conditioning, security, lighting and other systems. A smart building uses actuator, microchips and sensors, to collect and manage data according to a business’ services and functions. This infrastructure allows operators, facility managers and owners to improve asset performance and reliability, which optimizes how space is used, reduces energy use and reduces the environmental impact of buildings. According to a report by Jones Lang LaSalle Incorporated, an American professional services and investment management company specializing in real estate, smart buildings are expected to be the workspace of the future.
The platform aids by providing information for prospective buyers and sellers and enables them to initiate and conclude asset based transactions. These asset based transactions are majorly in purchases and financing of such purchases. The platform has also changed the way investors fund their projects. For instance, Sharestates, a crowd-funding platform for accredited real estate investor that empowers people to build a real estate on the spot. By setting up a crowd funding portfolio, the company has helped developers to open up their project to interested investors quickly and at a low cost. According to Deloitte, a financial risk advisory firm, Commercial Real Estate owners should acknowledge that Proptech revolution will surely improve the sector. Over time, the information generated by Internet-enabled buildings will be a valuable resource in real estate development.
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