Technology reshaping real estate –Operators
According to real estate professionals, technology will have a big impact on how the sector develops in the future.
The real estate market is not an exception to how technology continues to be a catalyst for change across all commercial and industrial sectors, according to David Onaja, Chief Executive Officer of Brooks Africa.
He said, “Real estate’s future is being rapidly shaped by technology and as we meet ever-increasing problems, we must adopt new technologies. The strategy and approach to some parts of the constantly changing real estate landscape will depend heavily on the awareness and forward-thinking of stakeholders.
“The real estate industry is seeing an increase in demand for smart house technology, which enables remote management of amenities like lighting, security and heating and cooling. This is now a reality, thanks to the Internet of Things, which also makes life more convenient.”
Olawale Ayilara, the chief executive officer of Oxygen Holdings, claimed that technology was essential to the functioning of the Nigerian real estate market.
“In the future generally, technology is integral to how the property market and everything will operate. So, we all need to see how we can invest in technology to enhance how we do business,” he asserted.
Hakeem Ogunniran, the chief executive officer of Eximia Realty Company, emphasized the sector’s significance for the economy while stating that technology had disrupted the industry. As a result, players needed to build on their successes and reimagine old platforms to provide better values if they wanted to stay relevant and continue doing their jobs.
