Javascript on your browser is not enabled.

Advertisement

Chandrashekhar Siva

Chandrashekhar is a avid reader and an enthusiastic writer and blogger who loves to write about various topics which have a bearing on the lives of the people. He has a master's degree in computer science and is working as a manager in an IT firm in Chennai.

More From The Author >>

Virtualspaces is Changing the Way Real Estate Business Works

What is a model house? A model house which is also known as a show house or a display house is a display version of the house that the developer proposes to construction.

Virtualspaces is Changing the Way Real Estate Business Works
Virtualspaces is Changing the Way Real Estate Business Works

Own a house starting from XXX laths all inclusive. We see this line almost every day. And some prices excite us as they are under our budget and some make us feel distressed as we feel that we cannot afford it. At a glance this line looks so simple and straight forward and the only meaning of it is that it includes the entire price related to your house when you buy it.

But unfortunately that is not the fact. Did you know that the words “all inclusive” have a different meaning to it? It means that you pay for the advertisement cost of the builders? Yes, you read it right. No, they do not add the charges incurred for placing the advertisement in the print and electronic media. That cost is too minuscule for the builders and they hardly worry about that. On the contrary it is the model houses that are the cost centers for the builders.

What is a model house? A model house which is also known as a show house or a display house is a display version of the house that the developer proposes to construction. The cost of this house is almost the same as the cost that the builder incurs while building the dream house that he promises to build for you. This cost is apportioned to all the houses that the builder is building in that particular locality. So as the customer we end up paying for the model house which we would never use in our life as it will be destroyed once the construction is completed.

There is another expense which although is borne by the customer but has no control over is the interiors. The customer has two options either go with the interior provided by the builder or get their own interior decorator. More often than not due to non availability of time we accept the first choice and end up compromising on both our choice and the money that we pay for it. In simple words we make adjustments in our planning.

But we are on the verge of seeing a major revolution happening in Real Estate Industry. Hemant Velury along with Abhijeet Naik are using the concept of wearable technology to help both the builders and the customers. They have created a patented Virtual Reality technology which will help the builders to visualize floor plans virtually. This will lead to reduction of cost as the builders will not be spending lakhs in constructing model house for their customers.

How does it help the end customer? First and foremost the customer does not pay for the model house anymore. That reduces the cost of the house significantly. Second with the help of the amazing technology they can sit with the builder/interior decorator and propose the changes that they want for their house and get it customized according to their need.

The technology is ready to be deployed and Hemant & Abhijeet are working with their team of technocrats to get it implemented all lover India to help the builders reduce their cost and increase their sales. And also help the home buyers get the optimum deal for their dream house.

The name is Virtual Spaces and it is India’s first complete immerse Virtual Reality application. You can know more about it by visiting the site www.virtualspaces.in.

Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house


Tags assigned to this article:
Virtualspaces Real Estate Business

Around The World

Advertisement