In a first of its kind, CommonFloor.com, an online real estate platform has launched CommonFloor Retina, a virtual reality innovation in real estate that is available to the masses. This technological breakthrough offers ‘real’ property experience for the seekers allowing them to view, review and assess multiple properties from anywhere at any point of time.
Commenting on the launch, Sumit Jain, Co-founder & CEO, CommonFloor.com, said, “As a new-age online realty player, technology and innovation are part of our core DNA. Property buying demands huge time and financial investment by the buyer and it is our constant endeavour to create tools and technology that makes property search easy for the consumer and gives them a wow experience. CommonFloor Retina is a result of one such quest that adapts technology smartly to the consumer’s advantage.”
Here is how to use the CommonFloor Retina
- Launch the CommonFloor Retina application on the android phone
- Launch the App and insert the phone inside CF Retina headgear
- Experience the property through virtual reality
The user needs to sport the headgear to experience virtual tour of the property of his/her choice while the simple magnet on the headgear acts as a navigation tool.
The application is compatible with the following android phones
- Nexus4 and above
- MotoG 2nd Gen
- Samsung Galaxy 4 and above
Started in 2007 by Sumit Jain, Lalit Mangal and Vikas Malpani, CommonFloor combines property search, apartment management and vendor management and caters to a person’s complete residential requirements.
It has the largest number of property listings with more than 1 lakh residential projects listed on their platform from over 200 cities and has mapped 10Mn homes already.
Sumit Jain, co-founder of CommonFloor.com completed his bachelors in technology from the prestigious Indian Institute of Technology, Roorkee in 2006 and was the member of the technical staff at Oracle India Pvt Ltd, Bangalore before becoming an entrepreneur.
According to the market reports, India’s real estate market is estimated to reach $180 Bn (over Rs 11 lakh crore) by 2020. In just residential property, the top eight Indian cities will see an additional demand of 2.8 million units in the next five years, according to property consultant Cushman & Wakefield.