Realty Group's Leap into Metaverse: Hyderabad's Real Estate Sets a New Benchmark

Jul 11, 2023

The real estate industry in Hyderabad is gearing up to embrace the transformative power of the Metaverse, an emerging concept that is poised to revolutionize the way real estate professionals operate and properties are bought and sold. Numerous realty firms in Hyderabad have exciting plans to integrate Metaverse technology into the city's real estate sector.

The Metaverse encompasses cutting-edge technologies like virtual reality (VR), augmented reality (AR), social commerce, and artificial intelligence (AI), merging the physical and digital realms seamlessly. Within this immersive environment, individuals can digitally explore residential spaces, engage with property sellers, and personally experience properties in a virtual setting.

One such pioneer is the Ramky Group, which is set to introduce RamkyVerse, a dedicated Metaverse platform where potential buyers can transport themselves virtually to various landscapes and encounter Ramky Estates' properties using customizable avatars. RamkyVerse will feature three virtual auditoriums, offering customers an immersive living experience of Ramky Estates' projects while providing them with information about ongoing properties under construction.

The Ramky Group recognizes the inherent challenges associated with making property-buying decisions, including the inability to physically visit properties still in development and geographical constraints faced by individuals residing far from the property location, including non-resident Indians (NRIs). Moreover, time limitations and accessibility issues for property viewings, consultations, and negotiations further complicate the process.

By leveraging advanced technology, Ramky Estates aims to overcome these obstacles and deliver innovative solutions. RamkyVerse, the virtual reality marketplace, signifies the company's entry into the realm of virtual reality, making it the first residential developer based in Hyderabad to embrace this groundbreaking technology.

Source: newindianexpress