On Friday, 17th November, Z Nation Lab in collaboration with 100 Open Startups organized the #InnovationAtCore Real Estate acceleration program. The program was designed to bring together real estate developers & technology startups focusing on the real estate vertical to solve some of the most complex issues faced by the Indian real estate industry through technology disruption and open innovation.
Advances in information technology have garnered enormous efficiencies in various industries, including manufacturing, transportation, communications, entertainment, retail, and financial services. Yet in real estate, the largest industry of them all, innovation has lagged.
In today’s constantly evolving world, even a traditional sector like real estate needs to change and innovate. The future of real estate is directly linked with innovation, start-ups can provide a way to this disruption and likely be potential industry leaders of tomorrow. Incumbent firms that want to not only survive but also thrive, should constantly follow developments and trends of these innovations.
The future real estate innovation landscape can be broadly categorized under the following topics:
- Construction Technologies
- Virtual/Augmented Realities and 3D
- Smart Homes
- Smart Cities
- New concepts of shared Work and Living Spaces
- Alternative Marketing and Funding
Real Estate players can participate in our #InnovationAtCore industry acceleration programs and become an integral part of open innovation by joining any one of the following three programs mentioned below:
- Startup Engagement Program
- Industry Accelerator Program
- Curated Program for a specific Corporate
At the launch of the #InnovationAtCore Real Estate acceleration program top executives from construction companies including Mr. Sumit Agarwal CFO Hiranandani Developers, Mr Atul Date from Rustomjee, Mr Sanjay Agarwal Executive Director Adani Capital, Mr Arun Shekhawat Sr VP Runwal Group, Sunteck Realty, Birla Estates, Kanakia Spaces, Kalpataru, Ekta Developers and many more came together to discuss the challenges faced by Indian construction Industry today and how they could be solved through open innovation. They interacted with startups founders to gain insights on the latest trends in the landscape and engage with them to find disruptive solutions to shape their business innovation strategy.