One of the most significant achievements of modern science is the advancement in communication technology. Not only is a more large number of people connected to expanding networks thanks to the proliferation of high-speed internet and handheld intelligent devices, but a number of devices also interact and share vast quantities of data.
Several of these communications technologies also have an important impact on the real property sector such as 5G networks, Internet of Things (IoT) and smart sensors. Those technologies impact property management, construction management, network supply chains, real estate advertising, and tool and equipment development directly.
Pakistan’s real estate industry is in rapid evolution with multiple innovations coming onto the market as public and private actors have gained strength in the industry. It is therefore important to understand the impact of these communication technologies on Pakistan’s real estate sector.
Real estate, with its use of innovative technologies, is a vast and dynamic industry. Effective and rapid communication is a key factor in real estate success. Increasing numbers of companies going into the online environment after the coronavirus pandemic have made it even more necessary to provide buyers and investors with current and accurate information.
A number of opportunities for the real estate sector can be opened up through recent developments in network technology and sensor devices.