[A glimpse into the future of the property sector by Fadila Omar]

Breakthrough solutions in the Real Estate market

The real estate and legal industry are experiencing a widespread digital transformation and is seeing the tangible benefits of adopting technology and bridging the gap between those industry and tech.

This introduces the legal industry to what we like to call PropTech. The future of real estate law is changing with PropTech being at the heart of this digital revolution.

With the growth of PropTech there has been the introduction of different strands of technology and both positive and negative effects on the current property legal sector.

The property sector has recently started to see what these technologies can offer, and their use and dependability will only grow with time.

PropTech and HCL

At HCL we recognise how real estate technologies are helping the property legal sector to provide a better service and value to its customers. Certain technologies which are starting to appear in the property sector and are improving customer experiences are innovations such as, the use of drones, virtual reality tours, and augmented reality to enhance the visualization of a project and its plans. Buildings with PropTech are associated with quality and added value in the market. The true strength of PropTech application is combining them to gain the most from what they can offer.

Homebuyers and renters are increasingly using automated platforms more often than they have contact with human estate agents. This can be compared to self-service checkouts in the retail sector. We appreciate the benefits that the growth of PropTech has to offer, and we encourage our clients to learn more about the technological advancements and how HCL has the expertise to advise them on any related matters.

At HCL we can advise our current and future clients on any matters relating to PropTech. Whether you are a homebuyer/renter or a homeowner/landlord, we can help you protect your technology designs or make sure you are protected while using a form of technology. This applies to both individuals and businesses!

Like with all kinds of innovation, technological advancements create room for uncertainties and complications. However, to succeed we must think ahead, and in this current climate, that means thinking about and adopting new kinds of technology. Having a digital strategy is crucial now more than ever, and HCL can create that strategy for you.

Benefits of PropTech:

• Improved communication – for everyone involved!
• Better promotion – for property managers
• More real estate market innovations = increased investments = greater success
• Great transparency
• And best of all, better value for money!