GenAI could speed India's real estate sales up to 50%
India's real estate sector is getting a major upgrade, thanks to Generative AI (GenAI).
According to a new report from CREDAI and EY-Parthenon, GenAI could speed up sales by 30% to 50% and make launching new projects 20% to 30% faster.
Early adopters might see their teams working up to 50% more efficiently, while the cost of finding new customers could drop by nearly 50%.
GenAI halves deal evaluation times
GenAI isn't just about speed; it's also making decision-making way quicker: think weeks or days instead of months.
Experts say this could double or triple the value for companies in the sector.
AI tools are expected to cut deal evaluation times by one-half and reduce land closure delays by about one-third.
Plus, with personalized customer experiences powered by AI, developers can better match what buyers want, leading to more closed deals and happier clients.