Technology pushing transparency, on-time delivery in realty sector

Technologies like data analytics, cloud and blockchain are enabling real estate developers monitor projects real-time, sell properties online

Just last week, the Supreme Court ordered a forensic audit into projects of embattled real estate firm Unitech Ltd, which has been fighting a legal battle with homebuyers over delays in delivery of projects. While Unitech has been making headlines, many of the biggest names in the real estate industry are also facing flak over missing project deliveries, since the timely handover of homes has become critical for the real estate industry in the RERA (Real Estate (Regulation and Development) Act) regime.

Eyeing this as an opportunity, several firms have built SaaS (software as a service) based solutions for effective monitoring