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5 Real Estate trends that will change the industry in 2022

World is evolving and Real Estate trends are changing at a fast pace in this era filled with pandemics, economy fluctuations, change in standard of living, and climate change. A real estate player needs to understand the trends completely before investing time and money in the market. Over the next one to three years, the real estate market is likely to see a lot of change, from how realtors do business to how people buy houses.

1. The COVID effect:

The pandemic has pushed the boundaries of people and changed people’s state of mind in regard to how they want their home to be like. Now they want it to be more spacious, more livable, with indoor and outdoor spaces as well. We have seen a huge increase in demand for residents moving into single-family rental property to gain more indoor and outdoor space attached to their unit, and many are applying sight unseen. People has started to be prepared for the “next pandemic”. They want to be comfortable enough within the 4 walls of their home, with more activities taking place inside the home, enough for living, entertainment, career/job work, working out, school and more.

Co-working spaces being the talk of the hour

2. Co-working spaces:

Co-working spaces are essentially shared workspaces. They offer affordable office space for those looking to escape the isolation of a home office or coffee shop. These shared workspaces offer a suite of office-like amenities such as hot-desks, private meeting rooms, kitchens, coffee and more. As the COVID starts taking a turn and the country gets back to normalcy day by day, corporate is witnessing a shift in choices. Co-working spaces are getting into trend as they are more flexible and affordable too. The economy is uncertain so the idea of investing in a permanent working space seems to go in vein. Large tenants are looking for shorter leases and scalable managed spaces. Demand for fully outsourced, customized offices is here to stay.

3. Development of suburbs:

Development in suburbs is comparatively cheaper, this is a universally accepted fact, but especially post COVID the demand for developments have increased. With remote workers rising in quantity, we’ll see the migration away from major cities to more affordable, spacious hubs like the suburbs. Additionally, millennials’ desire to buy or rent single-family residences will remain a growing trend in the real estate market.

4. Inflation and interest rates:

The statistic shows the inflation rate in India from 1986 to 2020, with projections up until 2026. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. Largest impact on real estate will be created by rising interest rates. There is no way that banks can continue to lend at 2% interest. It’s not feasible. At some point, reality will take over and we’ll go back to more historic interest rates. As soon as that happens, buyers will have a harder time securing financing, and home sales will slow down.

5. Need for automation and digitalization:

The rising competition and industry complications demand a solution for digitalization of working. An ERP or business management software is required to eliminate human error and boost productivity that occurs in real estate and construction business processes. Software like Real Builder Construction ERP streamlines and automates all business processes, such as sales, human resources, procurement, inventory, etc., with the latest technology to deliver insightful and meaningful data/information.

For more enlightenment you can refer to the blog mentioned below that elaborately explains top benefits of construction ERP software in the Real Estate Industry

Top Benefits of Construction ERP Software in the Real Estate Industry

Top Benefits of Construction ERP Software in the Real Estate Industry

In today’s digital world, most construction and real estate businesses are found to operate in a traditional way. However, according to a survey of the construction industry by JBKnowledge, the workflows that are most dependent on software were identified: Accounting (85%), Estimation (60%), Project Management (50%), and Scheduling (50%) are the same workflows that rely heavily on spreadsheets, highlighting the major operational and financial risks in the real estate and construction business.

Real Builder — an integrated Construction ERP software, is required to eliminate human error and reduce productivity that occurs in real estate and construction business processes. Real Builder Construction ERP streamlines and automates all business processes, such as sales, human resources, procurement, inventory, etc, with the latest technology to deliver insightful and meaningful data/information.

This article discussed some of the benefits of Real Builder Construction ERP software to help real estate & construction business owners understand the importance of integrating it into their business.

Automation of Manual Tasks

Real Builder can help automate traditional business processes and increase the productivity of employees in an organization.

For example, if the marketing department must wait for customer data from the sales department to implement a new marketing strategy, it will reduce the overall productivity of the process.

With a Construction ERP system, all relevant data can be stored and updated in a centralized platform that everyone can access. In addition, the use of the best Construction ERP software eliminates manual tracking of data, breaks the traditional silos in the organization, and improves the efficiency of business processes.

Centralized Data Storage & Management

Every business process involved in a real estate or construction project must be carried out simultaneously to complete the project. To this end, Real Builder Construction ERP software provides a unified and secure platform to facilitate data storage and management. Business owners can dynamically track and analyze project data to help them accurately calculate the financial costs incurred. The synchronization and efficient tracking advantages of Construction ERP software improve project efficiency and productivity.

CRM for Effective Sales and Marketing Strategy Implementation

Sales and marketing play a crucial role in the success of an organization. Implementing effective sales and marketing strategies can meet customer expectations and build a loyal customer base. Real Builder Construction ERP software provides a CRM that helps marketing and sales professionals store and track all data related to potential customers in real-time.

Any real estate or construction business aims to provide quality work and meet customer needs on time. Without taking advantage of Construction ERP software, it may be difficult for sales and marketing executives to track customer data and implement effective marketing and sales strategies.

Overall Reduction in Project Cost

In order to obtain new projects from clients, real estate and construction companies must provide an accurate budget estimate and the time required to complete the project. Based on these two crucial factors, as well as the design of the project, the reputation of the company, etc., the clients would propose a bid to the appropriate company.

The customizable Construction ERP software like Real Builder can accurately predict the costs of a project and the time it will take to complete it. They ensure that the project’s actual cost does not exceed a significant portion of the projected cost. In this way, construction or real estate companies can effectively use resources and workforce within the allocated budget and time frame.

Optimize Project Management

Many well-known builders and construction companies have faced downfalls due to improper project planning. It may cause huge losses to the company or lead to the completion of a poor-quality project. In addition, project delays or postponements due to poor planning can also damage the company’s reputation.

Before initializing a project, it is necessary to accurately map the resources such as raw materials, labor, engineers, etc., that are required to complete the project. Real Builder ERP software can be used to track resource procurement and financial costs incurred during the process. As a result, project managers can use a single platform to allocate budgets and resources effectively. In addition, with the advantages of construction ERP software, it is easier to complete projects on time, thereby increasing productivity and reducing costs.

Final Thoughts

Now that you understand the importance and benefits of Construction ERP software, the next logical step is to integrate it into your real estate and construction business.

Our Construction ERP software, Real Builder, specifically assists real estate developers with business challenges by automating repetitive tasks and tracking data in real-time. If you are looking for a Construction ERP for your business, please get in touch with our team to find out how we can increase your revenue and reduce operating costs.

How Construction ERP Management Software Benefit Contractors and Builders

A few years ago, the construction industry used to be calculated as one among the unorganized sectors. But, in recent years, with the entry of leading realty players in the market, the construction industry is increasingly and rapidly turning itself into an organized sector. In the present time, different types of advanced tools and technologies are involved in the construction industry that turns businesses more effective and powerful. In several tools and technologies, Construction ERP software India in real estate businesses is one of the major tools that are specially designed to control the different functions of the construction industry in an easier way.

In the real estate industry either big or small, it contains different types of tedious office works that are not easy to control manually. Office work like receipt generation, document management, payroll management, employee management, financial management, calculation of taxes, and many more are not easy works. In a manual system, you will definitely find different types of errors as well as consume your valuable time. By using real estate management software India you can easily handle and control these management systems in an easier way without any errors.

Further, Erp for real estate software is a highly secure, scalable, and customizable solution with advanced features that develop the functioning and presentation of real estate construction companies. The high security of the software only permits the official users to entrée the system and makes changes. Scalability is a software quality by virtue of which the system can readily and gracefully accept increasing amounts of data. Similarly, customization of software allows it to be tailor-made as per the needs and requirements of a company.

Reduce wasting of costs and time with construction Erp software

Along with managing all these functions Erp for construction software reduce wasting of cost as well as time. When you are using a manual system in the construction industry then the contractor has to do different types of paper works that will waste a huge amount of money yearly. But with construction management software one can reduce paperwork because they are all reflected on the program. By this, you can reduce the wasting of costs by using construction ERP software.

Moreover, the construction industry involves lots of planning to reach the goal. If you are doing manual planning in the construction industry then it will consume more than weeks to reach the goal. But with construction management software one can easily schedule the program in an organized manner and reach the goal in fewer days. Thus, by using a construction management system one can also save valuable time.

Construction management software is one of the most important and useful software for builder that will not only manage different functions of the organization but also improves the productivity of businesses. Along with this, the module is the best means of communication by providing the necessary information related to the tasks and schedules of construction wherein any worker can just log in and inquire about the work.

Improve productivity of your construction business in Covid 19 crisis through the best real estate management ERP software

Nowadays, from the Corona Crisis many real estate owners facing different types of problems while handling their businesses like managing employees, inventories, building construction, and many more. Don’t worry with the right selection of Real Estate ERP Software you can easily handle these hectic tasks in short durations. In this regard, Real Builder Management Software provides a smooth process so you can run your businesses without putting in too much effort. The software programs designed for the real estate industry are scalable so you are able to grow with them as your business continues to grow. There are many things one can do with real estate software and they comprise the following:

Manage employees – When you have Real builder management software you can easily manage numbers of workers without any hassle. This software offers you multiple employee logins and hierarchies according to your organization structure. With this system, you can manage the daily reporting of your employees and also monitor their performance in real-time. The software is one of the Best Constructions Management Software that will make your task more efficient during Corona Crisis.
Manage inventories – Construction businesses include a huge quantity of materials. It is not an easy task to handle worksheet of inventories manually. Due to having manual work for creating worksheet of inventory section many real estate owners have to suffer from different types of errors. In order to manage all these problems, you can use Construction Inventory Management Software. With this software, you can worksheet on inventories in a few minutes without any errors. Also, this software provides you alert notifications so you can easily recheck your list of inventories.
Manage building construction – Almost every real estate owner wants to manage work more efficiently so that they can easily make their reports of building construction without any hassle. When you use the Building Construction Management Software of Real Builder you can easily fetch yearly, monthly and daily reports. You can also keep abreast of all pending activities so you do not leave anything of impotence out.

Further, you have big real estate business or small one need proper supply chain management system so that you can easily handle co-ordination of people, properties, process, vendors, information and resources. From that, you can deliver the best products or services to the end customer. By using Real Builder Real Estate Supply Management Software you will easily handle such types of situations in an easy way. The software offers you quick response and real-time information through which you can make quick decisions without any problem. Also, the software is cost-effective and user- friendly so you will never face any type of disappointment while using this software. The software is the best solution for a real estate management system.
Apart from that, Real Builder real estate management software offer number of other benefits such as helps you in keep recording of profits, losses and operational cost; help you in getting financial reports without any errors, help in managing tenant accounts, and many more. Thus, to manage the real estate business in Corona Crisis effectively real estate management software by Real Builder is the best choice.

Manage Your Construction Projects Effectively Through Construction Management ERP Software

Construction Companies either small or big can maximize their benefit from boosting their business practices by way of initiating a properly designed, developed, implemented, and supported construction management software package. Construction Companies include various types of tasks that are not easy to handle manually. It requires advanced tools and software that can easily handle without any hassle as well as provide real-time management system. By using advanced and the best Construction Management software India one can easily handle many tasks easily and save valuable time and resources. The construction management software module is designed perfectly that can handle different projects in a more effective manner.

Further, in construction industries, it is vital to understand the flow of raw material as well as difficult for one to manage it manually. It may take several times and from that, you will not able to find the real-time results. In order to control such situation advanced construction management software with Construction Inventory Management Software India plays an important role. It will always provide you real-time updates about the material distribution or returns. Along with that, this module will also track every purchase order and materials supplied to various construction sites of a company. By using this module one can easily track different items and materials used in the construction process without wasting their valuable time.

In Real Estate construction businesses various types of endless opportunities but also it is very stressful to manage different tasks especially when you do not have all the necessary tools. Real Estate business means not only need to put measures to attract tenants and maintain them. One should also require a proper management system so that you can easily handle different tasks and manage them in an easiest way. Real Estate Management Software India is specially designed to assist property owner, investors and property managers in an easier way. Managing documents in a traditional way are very tedious and messy that may reduce by using this module and find it much easier to handle your real estate business.

When you decided that your construction projects require construction management software, one of many things you have to consider before purchasing that you need a system that can handle your payroll internally or if you are going to use an external service for payroll. Software that involves advanced Payroll modules helps you track easily all details related to payroll. It will easily generate reports in real-time and help you in getting standard reports that are required for year-end tax reporting. Advanced Construction Payroll Management Software India can also handle multiple job codes for each employee in the system. From this, you can see what types of jobs each employee is spending the most time on.

There are so many options and possibilities available in Construction management Software packages that are why it is easy to become confused during selecting the best construction management software tools. For the best software visit reputed web-shops where you always find reliable and user-friendly software at the best price.

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