Virtual Reality | The new reality of Real-Estate

virtual-reality-real-estate-game

Impact of Virtual Reality in Real-Estate industry

The wave of tsunami is flooding in the real estate market. Will you ride through the wave, or get crushed by it?

A way back before decade, virtual reality (VR) only seemed possible in the science fiction movies but the time changed when the tech was adopted by video game and entertainment industries. VR came up with the fresh headlines in 2014, when Facebook made $2 billion acquisition of Oculus VR.  Today, VR is booming up for all industries especially in real-estate sector as real estate marketers provide the buyers with headsets to explore the properties rather than visit site physically. More and more startups are entering this space and it is predicted to become the next hottest trend. As per National Association of Realtors research 95% of customers searching for real estate online, 51% actually finding their ideal home that way and the market of real estate is predicted to touch at least $80 billion by 2025. Isn’t that great?

But why there is so much of hype for VR in real-estate?

It is because of

  • Real estate brokers had to manage the tight schedule from one visit to the other dealing with the traffic, weather condition and much more and this tends to be very tedious task.
  • Real estate brokers had to deal with the heart-broken phrase everyday “It doesn’t look like pictures”.

Virtual Reality can resolve these hurdles and offers the possibilities to virtually visit the spaces in less time. This will naturally increase sales efficiency and enables the ability to convert into potential leads.

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Let’s zero down some ways on how can VR make the job of real-estate easier?

Gives 360 degree of insights to client: Using Virtual reality headset, you can showcase your project to the buyers and they can take stunning realistic 3D tours of their future homes. Buyers can experience movements in the house without being physically over there and can also experience activities like opening of doors, folding furniture, accessing built-in elements and much more. Instead of explaining to the clients what property will look like once it is finished, you can show them precisely how their future home would look even before the construction. Making a large investment solely based on plans written out on paper is risk and not all buyers will be willing to agree upon. But with such simple gesture and finger touch, buyers have the opportunity to augment their living standards once they take a tour. This helps in taking faster decision and feels less hesitant about investing in property that they can’t see physically.

Always Suggest to Read : What is Virtual Reality Technology and how does it works?

Enables the client to customize their homes: Suppose you are showing your client a fixer-upper; but how about if you can show your client a fixer-upper into many other layouts of the same property within minutes? It is always difficult to sell the homes that needs many reworks, but VR can make it easy for the buyers to imagine the potential. Within a few touches, you can showcase how kitchen would look like, new paint color on few walls etc.; this in-turn helps the client to feel more comfortable about the process and can hassle-free buy the space that needs some customization. VR can show them ‘what if’ possibilities before initiating any work. Our Clients had fabulous experience when they hired iPhone app developers from iPhone app development company known as iQlance Solutions.

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Show homes that are staying 7 seas far: As per research, 20% of the home buyers are making offers on home without even seeing them in person.  With the advancement of VR in real estate, the risk can be mitigated of buying properties from a longer distance! Many international construction companies finds it difficult to reach the destination by car and are left with only flight option as the destination is located in other country. With VR, it is easy for the company to walk through the building sites of property and can even remotely guide the workers through the tour. Additionally, buyers are able to take real-time experience of property compared to the simply viewing of images; there is far less chance of misunderstandings and miscommunication and hence they are able to take quicker and educated decisions.

Keeps cost down: It costs high to create show homes, scale models, printing collateral etc and all needs to be redesigned and remade when the concept changes. From marketing and engagement to conversion, VR reduces cost everywhere and helps in avoiding travel and hotel expenses, and traveling hassles. As things are kept transparent and buyers know in advance what they will have in their budget, there is little scope for objections or refund like situations which often groove our income besides bringing disgrace to an organization. Hence, seeing the cost structure VR can be effective and efficient way to connect fresh prospects especially when real-estate industry is involved.

How VR in real-estate can benefit you?

It provides

  • Great visual engagement
  • Unprecedented clarity
  • Branding
  • Mobility
  • Extended reach
  • Cost saving
  • Improved brand loyalty
  • Enables to get more ROI
  • Reduces sales cycle time
  • No special hardware or software is needed

It’s all about imagination

Today, VR is rolling the balls and creating new intuitive way to interact with computer or smartphone. It enables the real estate marketers to visualize like never before and offers wider field of view, where the concept of the virtual desktop is no longer confined by the size of the physical display screen on our desktop or palm of our hands.

At the end of the day, the real-estate industry focus on how to make it easy for the prospective buyers to visualize and how they would feel living in that particular property.  And for this, VR has the potential to disrupt and improve the real estate buying process all while increasing sales efficiency and without having to hire more staff.

So, are you looking to develop VR app for your next big project? Write to us on info@iqlance.com

What does it take to develop a mobile app like Uber?

uber-app-development

Taxi booking service is mushrooming everywhere and has emerged as one of the reliable way to commute within or outside the city. When we talk about taxi service, Uber is one of the name that has become synonymous with it.  Since it’s inception, Uber is pleasing users across the globe and the only point of contact between passengers and Uber is mobile app. Although there are hundreds of taxi booking mobile apps but what has evolved over a period of time, since the inception of Uber, is technology development on the booking front.

With the current scenario in the market, Uber is boosting more and more entrepreneurs with the idea to repeat its feet and create something similar. However, developing a Taxi mobile app like Uber and going live on app store and play store is just not that easy and two separate application with different functionality:

  • Passenger app – for those who looks to book taxi
  • Driver app – Get orders and they ride passenger to their destination

Its features plays vital role; let’s zero down some of the basic ones:

Basic features of passenger app:

  • Register/login: You can provide varied options to register like social media integration, e-mail etc.
  • Booking Interface: Here customer needs to add address, select a cab type and set the pickup location
  • Tracking: Track driver’s location, status updation during or after a ride
  • Fare calculator: Calculates the estimated cost from source to destination before booking
  • Payments: Cashless, plain cash , can pay automatically via plastic money and invoice is received to phone or e-mail
  • Push Notifications: Keeps the user updated on order status, estimated time, taxi arrival, car model, driver’s contact number, car number and much more
  • Messaging, ratings and reviews, booking history: Messaging driver for the perfect pick up, feedback and ratings given by the customer for the service provided, displays the details of previous booking

Basic features of driver app:

  • Register/profile/status: Required to provide extra verification details like taxi number, licence during registration, status functionality helping them to adjust the schedule and availability
  • Booking: Options to accept or reject the incoming order, information of customer location, booking history etc.
  • Push Notifications: For order alerts, taxi booking data, for order updates and completion of ride
  • Navigation: Google Maps integration to get optimal direction of customer’s destination
  • Cost estimation and reports: Provides the estimated cost with discounts and offer the insights of trip status, payroll, history etc.

Furthermore, to streamline process and driver from the central point, a web app is required to manage and review all in-app activity like interactions, ride routes, payments and much more.

How Uber Works?

Passengers let the Uber know that they need a ride; Uber asks you about the location; finds the nearby driver and notifies the duration of driver’s arrival. After completion of ride, cost is automatically charged from your card and then passenger needs to provide feedback about the ride.

uber-infographic

So to build such paradigm, what technology stack does Uber rely on?

It relies on some giant foundations like:-

Geo-location: The cab providing service like UBER depends on GPS (Global positioning system) technology to track the current position of the customer. When Uber started its venture, the technology wasn’t that progressive, but today the things have become easier. The geo-location depends on:-

  • Identifying a device’s location: To identify the location of the customer, Uber app for iOS uses CoreLocation framework which provides classes and protocols to configure and schedule delivery and send location event to the server. This framework also enables the Uber to define geographic region and track the device moments as it crosses the boundary.

The Uber app for Android uses Google’s Location API which can manage underlying location technology meeting all the needs to tailor the app when integrating location-based features.

  • Providing the right direction: For developing iOS app, MapKit is used to display point-to-point directions on map. It registers the app as routing app then makes direction available to the Map apps and other mapping software.

For developing on Google, Google Maps Android API is used to make routes and directions possible.

  • Integration with mapping software: Uber implemented Google Maps for both iOS and Android version and to avoid paying Google for access of their solutions, Uber opt for mapping technology companies to solve the logistic issues.

Messaging or Notification: After you order a ride, Uber sends you a couple of notifications like when driver accepts the request, driver is few miles away, cancellation of ride etc. Uber text messages are powered by the Twilio telecommunications provider and you may choose to receive these messages either via SMS or through the push notifications. To implement push notifications in the iOS app, Uber uses Apple Push Notifications Service, and for the Android app Uber uses Google Cloud Messaging (GCM).

Payment Integration: For calculating fare, Uber looks for the factors like base fare, cost/mile and cost/min. Uber promotes a cashless system which means you can pay via plastic card, e-wallets or use a promo code which removes error prone human-to-human cash transfers. Uber chose to partner with Braintree, one of the leaders in the mobile payment market, to accept card payments and also uses PayPal’s Card.io service for credit card scanning on iOS.

The iOS users can make of the Apple Pay for making the payment and the Android users can use the Google Wallet for the same purpose. It is better to collaborate with some online payment company to make the experiences better and faster.

Advantages of Uber like app

  • Reduce the number of drunk drivers
  • Saves your money for commuting
  • Provides opportunity to make extra cash for the driver
  • Makes the way to the customer’s destination really beautiful

Advantages of having mobile app

  • Having a white label mobile app gives your taxi business a broad visibility and an automatic customer boost.
  • Reduces the overhead costs generated by managing everything manually and connecting passengers to the drivers in real-time enables the business to grow smartly in autopilot mode.
  • Leads to the higher profit as the taxi service provider can develop their own app and save on the commission paid to the cab platform.

How much does it cost?

Well it depends! There are several factors affecting the total cost

  • Your budget
  • Number of features
  • Design of UI/UX
  • Backend development
  • Web development
  • Security

If you wish to develop a basic taxi service app then it will cost around $15,000 USD to $20,000 USD; Uber like app $20,000 USD to $35,000 USD. It takes 2 to 3 weeks approximately to design the app and 10 to 12 weeks approximately for development process. Lastly, the cost varies according to Toronto app development company you hire to get your job done.

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