PRACTICAL - 1

AIM:- Literature Review

1. David Willams et all (2017), title Bridging Information Gaps in Real Estate Portals in
the paper David Willams’s study investigates the pivotal role of online real estate
portals in bridging information gaps among buyers, sellers and real estate agents. His
research likely examines bow these platforms contribute to increased market
transparency and transactional efficiency. Willams delves into the dissemination of
information, data, accessibility, and their impact on decision-making processes for all
involved stakeholders, shedding light on the platform’s role in creating a more informed
and efficient real estate market system.

2. John Smith and Scott Roberts (2018), title Transmative influence of online Real Estate
Portals in this paper study deeply explores how online real estate portals have reshaped
consumer behavior and market dynamics. By meticulous analyzing user interaction
patterns, smith uncovers how these platforms fundamentally altered traditional property
transactions, he investigates the shift from offline to online property searches,
highlighting changes in user preferences and their impact on market trends. Through
this research, author’s illuminates how these portals significantly influence decision
making processes for both buyers and sellers in the Real Estate market.

3. Samantha Lee (2019), title Evalutionary Trends of online Real Estate Platforms in this
paper Lee’s research focuses on the evolutionary Journey of online real estate portals,
explaining their expansion from property listings to comprehensive ecosystem. Her
study likely delves into additional services offered by these platforms, such as mortgage
calculators, virtual tours, or neighborhood insights. Lee investigates how these
expanded services affect user engagement, satisfaction levels, and the overall efficacy
of these platforms as holistic solution for property - related needs.

4. Emily Johnson et all (2020), title AI integration for Enhanced Real Estate Portal
Experiences, in this paper Johnson’s research focuses on the fusion of technology and
user preferences within online real estate platforms, particularly exploring the
integration of artificial intelligence and machine learning. Her study deves into how AI-
driven features enhance the over all user experience during property searches,
emphasizing Personalized recommendations, Predictive analytics and streamlined
decision-making processes their work sheds light on how these technological
advancements optimize user interactions within online property platforms.

5. Michael Brown (2021) title Navigating Regulatory Landscapes in Real Estate Portals in
this paper Brown’s study examines the intricate regulatory landscape surroundings
online real estate portals. His research likely includes an in depth analysis of the legal
and ethical implications these platforms face across various global market. Brown’s
work dissects the changes passed by differing regulatory frame works and explores how
these platforms navigate and comply with diverse sets of regulations, addressing
complexities such as data privacy concerns, real estate law compliance and operational
impacts across regions.
6. Deaky (2018) present a VR implementation developed for a real estate developer,
aimed at enhancing immersion for properties under construction. The VR4RE (Virtual
Reality for Real Estate) project, an innovation by Bluemind Software, utilizes advanced
VR technology to improve property visualization, saving time and money for buyers
and sellers. This latest development in the VR4RE initiative seeks to streamline real
estate transactions. Additionally, the paper reviews historical advancements in internal
technologies designed for effective presentation tools, showcasing the evolution of
presentation technology within Bluemind Software.
7. Evangelou (2024) investigate the impact of the COVID-19 pandemic on home
preferences in Cyprus. As people altered their homes for various daily activities, the
pandemic revealed constraints in existing housing and forced a transition to online
schooling, distant work, and social isolation. This study compares real estate
professionals' pre-pandemic opinions with changes in home preferences after the
pandemic. 36 real estate agents in Cyprus and 117 prospective homebuyers completed
qualitative questionnaires that were used to gather data. Descriptive statistics were used
in the analysis to show how preferences are shifting from apartments to houses, with a
focus on the demand for greater private space and flexible home designs. The study
addresses the significance of these shifts for real estate agents and investigates whether
they are transient or permanent.

8. Kamil (2021) examine the use of virtual reality (VR) technology to enhance various
aspects of rehabilitation evaluation, therapy, and research. Traditionally, VR has
focused more on computational features than on creating immersive experiences. This
study, centered on Quill Residences, assesses the value of interactive VR walkthroughs
for interior design. Using the ADDIE (Analysis, Design, Development,
Implementation, and Evaluation) methodology, the research developed a home tour
immersion framework (HTIF). It found that 90% of respondents believed interactive
VR applications were beneficial for making real estate purchase decisions, highlighting
the potential of VR to aid in informed home-buying choices.

9. Koch (2019) explore the underutilized potential of image analysis and computer vision
techniques in the real estate sector. Despite their success in various domains, these
technologies have been scarcely applied to real estate, which offers

rich opportunities due to the abundance of image content related to buildings and their
 environments. The paper reviews current trends in real estate image analysis (REIA)
and examines the potential of these techniques for the sector. It aims to establish a
foundation for more detailed analyses of real estate image data and to inspire innovative
approaches, methods, and services within the field.

10. Leimontaitė (2023) examine how advancements in real estate management have
significantly evolved over recent decades due to more efficient methods, innovative
techniques, and the widespread use of information technology. Managing real estate for
short- and medium-term rentals involves crucial aspects such as planning,

11. servicing, and maintaining accommodation quality, starting from the initial step of
arranging property viewings. The COVID-19 pandemic notably impacted the real estate
sector by restricting physical property visits. In response, tools like 360- degree
photography and virtual tours emerged to enhance property presentation and
management strategies. This study evaluates the practical application of 3D video tours
and assesses their benefits and limitations in the context of short- and medium- term
rental businesses.

12. Manoj (2013) investigate how Indian investors' decisions in the real estate market are
influenced by their behavioral traits. According to the study, the most significant
component is the motivation of real estate agents and developers (mean value = 3.46),
while the least significant factor is the occurrence of unpredictable occurrences (mean
value = 1.75). The study also looks at overconfidence and the impact of religion and
education on investing behavior. It comes to the conclusion that Indian investors'
actions in the real estate market are significantly influenced by their religious beliefs.

13. Naeem (2023) examine how digital real estate has revolutionised national economies.
They address issues with property transfer that are lessened by the development of
digital real estate technologies, such as incomplete information and convoluted
processes. In addition to following PRISMA principles, this study uses a bibliometric
and systematic review strategy that includes historical, institutional, and keyword
analysis. Four key topics emerge from thematic analysis: digital decision-making
systems, data networking tools, data gathering technologies, and information
communication technologies. The report asserts that digital real estate could have a
substantial impact on future urban planning and real estate development, and it offers a
 framework to help stakeholders, urban planners, and decision-makers integrate digital
tools and technologies.

14. Nguyen (2021) examine commonly cited papers from the Web of Science database
covering the years 1990–2019 in order to assess changes in real estate research. The
study divides international real estate research into two primary categories using co-
citation analysis, and it also identifies nine major research themes, such as property
performance, housing costs, and urban growth. Two more prominent groupings
identified by the investigation are housing and investment property. The report also lists
the top five journals that are cited in this discipline. Based on quantitative
bibliometric methodologies, the results provide insights into the multidisciplinary
nature of real estate research and are thought to be the first thorough co-citation
analysis in this field.

15. Patil (2022) address the challenges of finding and managing property rentals and sales
through a physical search in urban areas. They propose a web-based platform designed
to streamline the process for both property owners and potential tenants or buyers. The
developed application allows users to register, list properties, and communicate directly
with owners. The system has been tested and validated, demonstrating accuracy and a
range of features. It aims to enhance trustworthiness in property transactions and
facilitate property management nationwide, making it easier for users to rent, buy, and
sell properties efficiently.

16. Sinha(2020) investigate real estate sector. This industry is a significant employer in the
unorganised labour market and accounts for 6.5% to 7% of India's GDP. Real estate has
prospered since liberalisation thanks to rising middle-class wages,

foreign direct investment, and quick growth in cities like Chennai, Mumbai, Delhi, and
Kolkata. The industry still has trouble keeping supply and demand in balance despite its
development. The need for housing has increased over the past ten years, but
government efforts have not kept up with this demand. As a result, private companies
have controlled the market with little attention to what customers want. The industry
has experienced a slump in recent years due to industry constraints, frequent regulatory
changes, and economic challenges. The paper critically analyzes current trends and
issues within the real estate sector and suggests corrective measures to revive its
previous success.
17. A study by Michael Nadler focusses on identifying critical success elements and
indicators for improving the integration and intelligence of real estate projects and
smart cities. They present a brand-new, thorough evaluation framework that was
created by examining pertinent frameworks, scientific literature, and indexes. This
framework was validated by choosing seven standards for each level according to
predetermined criteria and applying it to a comparative benchmark study. Smart
governance, smart people, smart infrastructure, smart energy, smart environment, smart
technology, and real estate status are the seven areas it addresses.
18. Ullah(2018) examine how disruptive technologies are being adopted in the real estate
industry, concentrating on nine major technologies: wearables, drones, big data, cloud
computing, software as a service (SaaS), drones, 3D scanning, virtual and augmented
reality (VR and AR), artificial intelligence (AI), and robotics. The study looks at how
these technologies are used and how information is provided to customers to help them
make better decisions. The review evaluates the state and application of these
technologies in real estate today, drawing attention to their advantages, drawbacks, and
the relationships between the main players— consumers, agents, the government, and
related industries—based on 213 published publications. Additionally, it suggests a
theoretical framework that connects technology adoption models with stakeholder
needs in order to facilitate the shift to smart real estate and lessen consumer regrets.

19. Verma (2023) explore the critical issue of property price prediction within the real
estate sector, highlighting its impact on buyers, investors, and industry professionals.
Their review paper examines various methodologies and statistical techniques used in
forecasting property prices. By integrating these approaches, the

authors provide a framework for researchers and practitioners to understand the factors
influencing house prices and recommend effective machine learning models. The
review emphasizes the importance of detailed positional analysis and advanced
predictive techniques to enhance the accuracy of property price forecasts in the
dynamic real estate market.

20. Yi, Y. J. (2024) evaluate the value of simulating in-person site visits for interior design
education through the use of 360-degree panorama-based Virtual Reality (360VR). In
addition to comparing the educational benefits of 360VR to traditional site visits, their
study includes an online survey to learn more about the 360 VR experiences of the
students. The survey's findings indicate that 360VR enhances students' understanding
and participation in the design process, which benefits layout visualization and
instructional effectiveness. When compared to on-site visits, 360VR showed a
considerable improvement in spatial planning, finish choices, and total scores;
nevertheless, there was no statistically significant difference in the overall learning
results between 360 VR and traditional methodologies.
 REFRENCE

1. Williams, D., et al. (2017). Bridging information gaps in real estate portals. [Study
investigating the role of online portals in increasing market transparency and
transactional efficiency].

2. Smith, J., & Roberts, S. (2018). Transformative influence of online real estate portals.
[Exploration of how these platforms have reshaped consumer behavior and market
dynamics].

3. Lee, S. (2019). Evolutionary trends of online real estate platforms. [Study on the
expansion of online portals and their additional services].

4. Johnson, E., et al. (2020). AI integration for enhanced real estate portal experiences.
[Research on AI-driven features enhancing user experience in online property
platforms].

5. Brown, M. (2021). Navigating regulatory landscapes in real estate portals.

[Examination of the regulatory challenges and implications in global real estate
platforms].

6. Deaky, A. (2018). VR implementation for real estate developers: Enhancing immersion

for properties under construction. Bluemind Software’s VR4RE project innovation.

7. Evangelou, N. (2024). Impact of the COVID-19 pandemic on home preferences in

Cyprus. A comparative analysis of pre- and post-pandemic real estate market trends.

8. Kamil, A. (2021). Using virtual reality (VR) for enhancing rehabilitation evaluation and
interior design walkthroughs in Quill Residences. Development of the Home Tour
Immersion Framework (HTIF).

9. Koch, R. (2019). Exploring the potential of image analysis and computer vision
techniques in real estate. Current trends in real estate image analysis (REIA).

10. Leimontaitė, R. (2023). Advancements in real estate management for short- and
medium-term rentals. Evaluating the role of 3D video tours and 360- degree
photography post-COVID-19.
11. Manoj, P. (2013). Behavioral traits influencing Indian investors in the real estate
market. Religious beliefs and overconfidence impacting investment decisions.
12. Naeem, K. (2023). Digital real estate: Revolutionizing national economies through
technology. Systematic review and bibliometric analysis of digital tools in real estate.

13. Nguyen, V. H. (2021). Co-citation analysis of real estate research: 1990– 2019. A
review of international real estate research themes and journals.

14. Patil, S. (2022). A web-based platform for property management and sales. Enhancing
trustworthiness and efficiency in urban real estate transactions.

15. Sinha, R. (2020). Real estate sector in India: Trends, issues, and regulatory challenges.
An analysis of the sector's impact on employment and GDP.

16. Nadler, M. (2020). Critical success factors for real estate integration in smart cities. A
framework for smart governance, infrastructure, and real estate development.

17. Ullah, F. (2018). Adoption of disruptive technologies in real estate. Examining the role
of AI, VR, drones, and big data in transforming the industry.

18. Verma, P. (2023). Property price prediction methodologies in real estate. Analyzing
machine learning models and factors influencing housing prices.

19. Yi, Y. J. (2024). 360-degree panorama-based virtual reality (360VR) for interior design
education. Comparing VR and traditional site visits for design students.

20. Zhang, W. (2022). "Blockchain technology in real estate transactions: Enhancing

transparency and reducing fraud." Journal of Property Technology Research, 14(3),
112-130.