The real estate business is complex. It involves resources such as land and construction supplies, liaison with multiple parties such as government, utility sectors, suppliers, end-users, and financiers. At the same time, it is a high risk high reward industry that is affected by numerous macro and microeconomic factors. It is therefore imperative that the real estate solution allows the real estate developer to have greater control over all processes and better visibility across the business. A suitable real estate development software caters to the entire lifecycle of building construction right from planning a project to its completion. Property developers and property managers can use these applications across different types of real estate projects such as office buildings, industrial units and residential and properties.
The real estate industry is dynamic. The real estate software should allow for the smooth functioning of the business. It has to be capable of satisfying client requirements and comply with industry standards. The main features of a well-developed real estate technical solution are:
Real estate projects are usually large scale projects with challenging schedules and resourcing needs. The real estate software should have features that enable project scheduling, task allocation and resource allocation to tasks. Views such as Gantt charts, costing view and resource utilization view should be available. The customer should be able to create project budgets, estimate costs and revenue and carry out cost analysis and revenue analysis.
Project control is a vital feature of real estate software. The following are must-have features -
The software application should empower the customer to set up processes for communication, collaboration, task allocation and status updates for all projects. It should include configurable templates and workflows. The goal is to provide basic standard processes across projects which can be customized as per individual projects.
The software should enable management of multiple real estate assets management with features such as -
Project and Portfolio Reporting
Reporting and analytics are a key part of all real estate software programs. The system should include the following -
The software should have features such that processes are automated as much as possible. Administrative tasks become seamless and require the least manual intervention. Automation capabilities include -
A well-designed real estate software solution will handle all aspects of real estate business- pre-development tasks, post-development activities, financing, construction, and property management. It will help you keep track of the top line and bottom line. The advantages of real estate software are -
NCrypted has worked with various organizations of varying sizes in the real estate business. We have a team of subject matter experts (SMEs) who can understand the big picture of the real estate market and at the same time, comprehend individual client requirements. We can design and develop user-friendly, technically robust applications so that you can manage your real estate business better and have greater control over your business processes.
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