Report: GenAI could add $14-17 billion to India's real estate
Generative AI (GenAI) might bring a massive $14 billion to $17 billion boost to India's real estate sector over the next seven years, according to a fresh report from EY-Parthenon and CREDAI.
Released Thursday, the study highlights how GenAI could speed up sales by 30% to 50% and cut project costs, making the industry more efficient overall.
GenAI can compress land-to-launch cycles 20-30%
The report points out that GenAI can compress land-to-launch cycles by 20-30%., driving 30%+ sales acceleration, and improve cost efficiency between 5% and 20%.
Chaitanya Seth, Partner - Real Estate practice, EY-Parthenon India, calls GenAI essential for staying ahead.
CREDAI President Shekhar G Patel believes using GenAI in planning, design, construction, and customer engagement will help developers meet market demands faster and deliver better quality homes.