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  /  Real Estate   /  How The Use of Virtual Reality (VR) is transforming Construction, the face of Real Estate Industry

How The Use of Virtual Reality (VR) is transforming Construction, the face of Real Estate Industry

How The Use of Virtual Reality (VR) is transforming Construction, the face of Real Estate Industry

It is an exciting time to witness technology undergo a complete metamorphosis and the impact it has on our everyday lives. One could argue that technology is for present, however, technology has also helped us see what could be the future or for better words, how future can be visualized. Right from education, healthcare, business development, virtual reality is presently one such technology, where in one can predict future reality, identify issues in any concept and rectify them, before the occurrence of the actual event

Thus, Virtual Reality (VR) is the use of computer technology to create a simulated environment.

Is VR the future of construction?
Is VR the future of construction?

Real Estates, or constructing any piece of architecture is a work of art, where vivid imagination plays a vital role. An architect or a a designer, preemptively imagines how they want the structure or the estate to be. The engineers thereafter imagine the practical applicability of such structures. Virtual reality proves to be a boon in such cases. It has enabled these professionals to actually have an almost realistic idea of the final stage of such projects, without sketching or creating mini-models. Virtual Reality has stimulated growth in various facets of construction — design, real estate site walk-throughs,business information modelling, team efficiency. Additionally, notable work has also been done in its potential to save lives using VR. In the year 2017, a study showed that 48000 lives were lost due to occupational accidents, out of which 24.20% was attributed to the construction sector. In such scenarios, VR can prove to be an actual prevention strategy to safeguard individuals from such hazards. Here are top 4 proven ways in which you can use VR to take your real estate project to new heights:

1. Better training — Lesser Hazards

VR has changed the face of training of real estate project managers. VR has enabled project managers receive more realistic training than ever. Application of VR enables demonstration of real life work conditions and safer environments to test and evaluate procedures without compromising on the practical experience. Through VR, learners get hands on experience with dangers associated with such projects with little or no repercussions. This also helps the managers to radically decrease the risks associated with the laborers, projects, construction quality and the over all experience of the project both in terms of the project and the hazards associated with them.

2. Effective Designing and Pitching

VR enables the schematics of a project to go one step further with respect to accuracy and detail. By providing a detailed, virtual view of the project, architects and designers are able to showcase the finer details just by putting it in the room/space, they are designing. VR Technology enables the industry to show their clients potential layouts and various ways in which they can utilise their such spaces. It also makes it easier for clients to understand the scale and potential of a project. The technology is utilised post design, during construction as well, by allowing workers to speak to someone offsite who can remotely walk them through it. Thereby making the designing and pitching a lot more effective and impactful respectively.

3. Rapid scaling up using 3D modeling softwares

As each and every structure is distinctive, scaling in this particular industry has not been a trouble-free task. VR can make the process hassle free by making it simple to share crosswise over groups and get new groups rapidly acting upon the pertinent issues of the project. Creating a 3D model on the site is a tedious task and is commonly inaccurate lacking detail and time consuming to create a comprehensive, all encapsulating model simultaneously. However, such errors can be easily dealt with using a 3D modeling software, which can create highly detailed and accurate models with ease and lesser costs.

4. Remote Virtual Site Visits

Contractors & Individuals answerable for the supply of raw material, labor and manufacturing on a project, may not generally have the option to visit the site often. By using VR technologies, one can live stream a 360 degree video in real time to track the construction process. The same could also be used to show the entire building process to the customers who would want to check the status of the construction live and with ease without any hassle of contacting the construction company.

VR has already started transforming the standards of real estate industry. However, the benefits of VR are being utilized by only a few top players of the market. It is undeniable that more developers will soon follow the suit and use this advanced technology to make their projects more efficient and risk free. 
It is only a matter of time, when one would make the bookings by getting a feel of the property, without brochures, templates or designs.

Sophisticated, immersive and creative virtual reality is at the onset of ruling the future of real estate industry. If you are a developer, use it to the best of your abilities.

All the luck!

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