These patents are filed for the tech developed by PropVR, Square Yards’ technology arm that specialises in creating immersive digital twins using 3D technologies, virtual reality, and augmented reality.
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Among the patents filed, three have already been granted, which are in the field of interactive 3d experiences for real estate; remote collaboration for customers to experience properties; and agent ranking algorithms.
“By integrating AR, VR, XR, AI, and data applications into the real estate industry, we are pushing the boundaries of what’s possible. We have always been an early adopter in the use of breakthrough technologies to enhance the real estate experience and look forward to creating unparalleled opportunities for consumers,” said Tanuj Shori, Founder and CEO, Square Yards.
The patents cover a range of innovations revolving around creating immersive and collaborative virtual experiences of buildings, based on follower state data, user preference data, and reaction data.
Another series of patents facilitate real estate asset analysis by determining the livableness, worthiness, and future value of real estate assets, alongside accessibility to commercial and personal facilities, delivering greater transparency and efficiency in the real estate sector.
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Apart from that, there are other patents that focus on facilitating agent ranking, improving sales processes, and optimising real estate listings. These systems will empower professionals with data-driven tools to elevate their sales and marketing strategies.The patents are issued by the United States Patent and Trademark office (USPTO).