Top News

CommonFloor launches virtual reality innovation in real estate called ‘Retina’

Online real estate platform CommonFloor.com introduces ‘Retina’, world’s first virtual reality innovation in real estate, where a consumer can take a 360-degree tour of a property through a mobile-application and a headgear.

This technological breakthrough offers ‘real’ property experience for the seekers allowing them to view/review/assess multiple properties from anywhere at any point of time, reports Business Standard.

Online real estate platform CommonFloor.com introduces ‘Retina’, world’s first virtual reality innovation in real estate, where a consumer can take a 360-degree tour of a property through a mobile-application and a headgear.

This technological breakthrough offers ‘real’ property experience for the seekers allowing them to view/review/assess multiple properties from anywhere at any point of time, reports Business Standard.

To use the device, a consumers needs to download the CommonFloor Retina mobile application, launch it and insert the phone inside the headgear. The application is currently available only on Andriod operating system, and can be used only on high-end mobile devices.

Commenting on the launch of the biggest technological innovations witnessed by the real estate world, Sumit Jain, Co-founder & CEO, CommonFloor.com, told Business Standard, “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.”

The headgear, which has is so far being manufactured by CommonFloor, will be sold for Rs 1,000 and will be available only on Flipkart by end of this week. The company is looking to tie up with vendors for manufacturing of the headgear, and will make it available across brick-and-mortar retailers in a few months.

The company so far has around 20 projects that can be experienced through CommonFloor Retina, and it plans to take this number to at least 1,000 be December 2015. The company charges developers between Rs 50,000 and Rs 5,00,000 per project for preparing the three-dimensional content needed for the application.

Lalit Mangal, Co-founder and CTO, CommonFloor.com told Business Standard, “We believe in making strategic investments in building cutting edge technology. This product is pegged to be a game changer in the real estate industry in India and globally. We will work closely with the builder community to scale-up the number of projects listed, thereby helping property buyers to choose from as many projects that may want to visit.” Besides domestic home buyers, the company is targeting non-resident Indians through this innovation.

To use CommonFloor Retina, a user simply needs to sport the headgear to experience virtual tour of the property of his/her choice. This offers buyers an unforgettable experience and insights about the property from the perspective of space and ambience among other features. The simple magnet on the headgear acts as a navigation tool. The App also saves the builders the cost and space to construct a model apartment. 

Launched in 2007 by Sumit Jain, Lalit Mangal and Vikas Malpani, CommonFloor.com has the largest number of property listings with more than 1 lakh residential projects listed on their platform from over 200 cities. The platform has already mapped 10 million homes and is committed to map every property in India on its platform. The Company has a team of 1000+ employees and their constant endeavor is to get the best talent to work with them.

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close