The chief officer of technology information of Dexus, Mark Hansen has been keeping close tabs on the rising technology and he has also described that the evolution of augmented reality as exponential. According to him, two years back, this technology can be marked as clunky and was not commercially ready. However, they are seeing this technology as a commercially viable option these days but he has suggested for using this technology after two more years. He thinks that after two years, this technology will be a core component on the way property selling professionals are presenting and selling the properties.

He has stated that Augmented Reality would eventually become one of the critical parts of this real estate marketing. He also added that if any of the professionals are not involved in Augmented Reality in any way, then they will start falling behind the pack from the way, they should actually sell or promote the service or the product they are selling. AR is known to be a digital technology as it allows users for seeing the surrounding of that property through the screen along with an extra layer of the interactive information, which has been inserted within the vision.

Therefore, a new app has been developed by the Commercial Real Estate, which is a part of the Domain Group and Macquarie University’s Virtual Reality Lab, they use AR technology. They use this technology because it is helpful to make the property date accessible to offices in order to lease or buy one. This app also allows a database of 400 buildings which are in the CBD areas of the capital cities. It helps to show all of the key information of the property along with amenities, tenant industries and vacancies of those properties.

According to the head of product at Commercial Real Estate Maty Paule, it was a natural fit for the real estate industries. Real Estate is all about location and appearances on the time, two emerging themes in Augmented Reality are geolocation and image detection he also added. In order to get access to the property data within the current location, the process is a powerful proposition. The possibility of customizing a property’s visual appearance is to understand the development or the renovation prospective is also known to be a game changer.

There are also advanced plans for the application that would help to expand within the other types of commercial assets, whichever the properties do have. This process includes developments, industrial and retail property and so on. In this discussion, Virtual Reality Lab director Manolya Kavakli of the Macquarie University also added a piece of advice that was tipped for becoming more widely used than other virtual reality. Everyone is considering this Augmented Reality as four times bigger than virtual reality and because of that, the market share will be also much bigger according to her.

It is true that everyone has mobile phones nowadays and on that device, GPS based Augmented Reality has become very accessible. There are a lot of professionals who have stated their own vision about this technology and also the usage it has to make the process more advanced without making waste of time for the process. Associate professor Kavakli of that Macquarie University said that on the coming time, there will be more improvement on this AR experience. They all have added that in order to make this technology more advanced; there are plenty of changes that can be adapted to make this technology more reliable and technically advanced for the entire real estate property selling and marketing process.