Real Estate companies are in desperate need of a channel that can generate, qualify and retain customers, in a manner that imbibes trust while being quick and easily automatable. Additionally, operating both these channels also requires human reps, making it expensive both in the short and long run. Phone calls are annoying the last thing a 9-5 working VP needs is someone calling him every 30 minutes. Emails are often slow and clunky and lack the personal touch needed to qualify and close leads. In the Real Estate Industry, Sales and Support are built on two factors, trust and speed.īut tools that real estate companies use, like email and phone calls, do little to inspire either. For the real estate sector, communication with a customer presents a unique challenge. While the technology used is cutting edge, the way real estate companies talk to their customers is not. Real Estate startups like Nestaway (Raised $104.2M), PropTiger (Raised $85M), NoBroker (Raised $71M), ZoloStays (Raised $35M), SquareYards (Raised $53M), and CoLive (Raised $12M) have seen large-scale investment from institutional investors.ĭevelopers like Prestige, Embassy, Puravankara, Bagmane, Synergy, Mantri, and Brigade have also expanded rapidly to serve booming demand.Īs another investor commented: “Find me a more compelling asset class than logistics in northern India-I’d take that gamble all year long.”Ĭompanies leverage technology and big data to help customers save costs, find better deals and list their properties faster. The need for technology in the sector is ever-present. It’s expected to grow to US$ 1 trillion by 2030 and contribute to 13% of the GDP by 2050. In India alone, the real estate sector is valued at US$120 billion. Real Estate is the driver of development across the globe. Here is a list of our partners who offer products that we have affiliate links for.Why do companies need a WhatsApp Chatbot for Real Estate? And why do they need one more than ever in 2022, in a post-COVID world? Opportunity While we work hard to provide accurate and up to date information that we think you will find relevant, Forbes Advisor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Forbes Advisor. Second, we also include links to advertisers’ offers in some of our articles these “affiliate links” may generate income for our site when you click on them. This site does not include all companies or products available within the market. The compensation we receive for those placements affects how and where advertisers’ offers appear on the site. First, we provide paid placements to advertisers to present their offers. This compensation comes from two main sources. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. The Forbes Advisor editorial team is independent and objective.
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