Country’s progress and sustained economic growth is a reflection to the way we dwell in the place we thrive and strive. Building healthy dwellings and developing niche in sync with Industry 4.0 interface which are based on IoT,data analytics and smart grids are the latest revolution to march ahead by applying it in real estate sector.

1. REALESTATE
TREATISE
HEALTH, HOUSING AND
INNOVATION
Page: 2
Pin in technology driven
dwellings – as millennials are
opting it. It’s a new normal away
from carrot and stick approach
towards technology as tool based
success in housing construction
/real estate.
Page: 3
New Technology Ushering Space
Efficiency – Prerequisite to
qualifyfor Industry 4.0 purpose –
Business As Usual Offering, Novel
Offering and Innovation driven
changing real estate landscapes
Page: 4
Blockchain and Data Analytics –
Adding newer dimension to real
estate portfolio
Key Footnote
MARCHING TOWARDS BUILDING HEALTHY
DWELLINGS AND INDUSTRY 4.0 BASED
DEVELOPMENT
Let’s connect the blocks and put it together
where they belong: “Cities and Communities” –
Real Estate Treatise
INTRODUCTORY KEY NOTE:
Country’s progress and sustained economic growth is a reflection to the way
we dwell in the place we thrive and strive. Building healthy dwellings and
developing niche in sync with Industry 4.0 interface which are based on IoT,
data analytics and smart grids are the latest revolution to march ahead by
applying it in real estate sector.
Authored by: Dr. Prachi Ugle Pimpalkhute
Eco Endeavourers Network
Striving for the planet in peril

2. LET’S PIN IN TECHNOLOGY BASED
HEALTHY DWELLINGS
What the millennials are opting for?
Industry 4.0 or technology based services is a societal
transformation which we are experiencing. Earlier the
need was prevalent with IT and manufacturing sectors. IoT,
artificial intelligence, big data, data analytics, blockchain
technology and virtual reality are key subject matters that
make up the technology driven industrial revolution- being
applied in building healthy dwellings or real estate sector.
The market demand is for digitally-optimized new
construction and investors and developers are now more
than often ready to infuse modern building management in
new construction and also as well-structured renovations
and innovative construction techniques in existing
buildings. In lieu of it, internet-connected sensors and
devices have become a competitive requirement for
commercial real estate.
MARCHING FROM CARROT AND STICK APPROACH
TOWARDS SUCCESS IN REAL ESTATE
Personifying urban resilient Technology
Since cities are nodes of major economic growth and are major
energy guzzlers, marching from the carrot (Good) and stick
(Bad) approach towards success via “Best Fit Approach” has
become eminent. Technology driven approach envisages the
importance of applying it to building in planning, execution
and construction – with sensor based services, data
networking and AI acting as key nodes to strengthen the way
urban dwellers, dwell and thrive towards comfortable and
healthy dwelling. A new avenue for real estate service
providers and developers is by involving themselves during
the first phase of property construction lifecycle and optimize
the buildings to the requirements of the project. Another
newer avenue is digital upgradation of existing buildings into
smart buildings, as upgradation saves cost and time as is
required in new construction projects. However, the futuristic
urban town planning and city development should be based on
used technological driven smart buildings outfitted with
sensors that shall track changes in the fabric of the buildings in
lieu of natural disasters like flooding. Since sensors transmit
wirelessly, damage caused is less. Smart buildings are a key
climate change control tool. Indoor navigation which uses GPS
shall help the users find their way out- this shall reduce
manpower and a good cost saving option. Also, they can be a
regular households feature along with its use in commercial
properties. Real estate service providers might use sensors in
shopping malls to directly connect with owners and offer
services to end customers. The result could be stronger tenant
engagement and customer relationships. (Delotite Global,
2018).
Cost-benefit ratio will determine how fast
existing building inventory goes digital, as
investment is more likely to pay off in highly
sought-after and posh locales, that’s probably
where digitization reaps success. For real
estate service providers and developers,
another potentially disruptive aspect of
digitization is flow of data from building users.
“Can this data turn into a second source of
revenue in the future, is what we await to see?”

3. NEW TECHNOLOGY USHERING SPACE
EFFICIENCY
Prerequisites to qualify for industry 4.0 purpose
New technologies significantly change the use
of real estate, ushering in space efficiency,
flexibility, and qualitative improvements.
Declining demand for space (and the associated
trend towards the rental market) drives
modernization of existing spaces. According to
UNIDO, one of the key prerequisites a building
must have to qualify for Industry 4.0 purposes
concerns the capacity for digitalization and
networking of the property with all of its
internal functions and elements. This means
that the actual building will become intelligent
so as to autonomously control itself and adjust
to changing parameter.
Business – As – Usual (BAU) Offering
Conventional building services
Assumption of high-tech repair and other
services
Instruction and training in handling and
maintaining technological building
equipment
Data analysis, including guaranteed
protection of personal user data
Conceptualization of optimal usage models
Optimization of spaces
Novel Offering
Operation of an integrated space
management system
Requirement for building-specific and
transparent quotation costing
Preparation of an optimal renter portfolio
Data protection guarantee with regard to
building data
Conceptualization of an optimized operator
model
Assumption of operator risks
INNOVATION DRIVEN CHANGING REAL ESTATE LANDSCAPES
 Inclusive spatial planning technologies
 Digital design & construction technologies
 Tools and processes used for the design, development and
construction of residential, commercial and industrial real
estate projects
 Digital and innovative construction technologies can be
divided in several areas: Virtual reality, simulation
technology, Enhanced architecture and design software,
Project and cost management tools, Smart building platforms
and artificial intelligence, Construction and workforce
management solutions, Building material innovation,
Material sourcing platforms, Project finance and investment
platforms. Examples include: Building Information Modelling
(BIM), Offsite construction, New cutting-edge technologies
(NCETs), Indoor mapping, different applications like 3D
cadastre and GIS-applications
“As property data becomes an important source
of income, it will drive the adaptation of
existing spaces to modern requirements”.

4. BLOCKCHAIN AND DATA ANALYTICS
Adding New Dimension to Real Estate Portfolio
“Blockchain offers open source, wide protocol for property buying, conveyancing, recording and
crowdfunding etc. It can reduce costs, stamp out fraud, speed up transactions, increase financial privacy,
internationalize markets, and make real estate a liquid asset.” – International Blockchain Real Estate
Association (IBREA), They have already been used to resolve land disputes, reaching consensus without the
involvement of any intermediary, implementing legal relations through the smart contracts. Real estate
applications have still more in common with supply chain than digital currency, so blockchain has the
potential to transform the real estate industry. Data analytics focuses on developing tools designed to
identify, collate and analyze relevant data to enhance operational efficiency, inform decision making and
improve the experience across the residential, commercial and industrial real estate sectors. Examples
Include: Big data aggregation and management tools, information crowd sourcing tools, content, data and
information portals, tenant and visitor in-venue experience and engagement solutions, tenant and visitor in-
venue loyalty, transaction and value add solutions, automatic valuation Technology.
KEY FOOTNOTE
The real estate sector is the largest and most valuable asset class in the world, with relatively minimal
innovation. As an asset class, direct real estate appeals to a broad range of investors and is seen as a relatively
low-risk asset. As sector partakers, such as developers, investors, agents and financiers, continue to
profitably provide real estate product to the market as required, the need of the hour is - from service
providers to developers, financers to portfolio managers – the need of the hour is to understand latest
innovation and implement strategies to integrate advancements into the projects and businesses in order to
stay ahead in the real estate sector pack.