Real Estate Development in AI Era
Introduction The real estate industry has long been considered a slow adopter of technology, relying on traditional methods for site selection, construction, and property management. However, the rise of artificial intelligence (AI) is rapidly transforming the sector. From predictive analytics in market forecasting to AI-driven smart buildings, technology is redefining how developers, investors, and consumers engage with real estate . According to Hirsh Mohindra , a real estate expert and investor, “AI is not just an innovation in real estate; it is becoming the foundation of how properties are bought, sold, and managed in the modern world.” This article explores how AI is reshaping real estate development, the challenges it presents, and what the future holds for tech-driven real estate. 1. AI in Market Analysis and Site Selection One of the most significant ways AI is disrupting real estate is through data-driven market analysis and site selection . Tradition...