Virtual/Augmented Reality is becoming more and more prevalent especially in the current COVID pandemic. Real estate developers have seen the impacts of VR/AR and are exploring new use cases.
The multi-faceted use of VR/AR in real estate development can be used for construction design, as well as for the visualization of estate property for clients. There are several companies in the market that are implementing VR/AR to view residential estate properties. However, there is still a need for commercial estate developers to employ these technologies at a larger scale. High costs and time are the current main issues for VR/AR in commercial estates.
Nevertheless, the successful usage of VR/AR technology in commercial properties will be highly advantageous for its construction and sales services.