Real estate market to grow to $5.8 trn by 2047 as digital adoption accelerates amid cost and compliance pressures
India, May 7 -- India's real estate sector, currently valued at $650 billion, is undergoing a major digital transformation as developers increasingly adopt data-driven technologies to improve efficiency amid rising cost pressures, tighter regulatory compliance and more informed and engaged homebuyers, according to a joint report by FICCI and KPMG.Long characterised by fragmented workflows, paper-based processes and limited visibility across stakeholders, the sector is now deploying artificial intelligence (AI), digital twins, blockchain, drones and IoT-enabled systems across the real estate value chain, the report titled Reimagining India's Real Estate Landscape: The Role of Technology in Value Chain Transformation noted."Long characteris...
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