Square Yards acquires AI-based platform

Integrated real estate platform Square Yards on March 17 announced the acquisition of PropVR, an AI-based platform specialising in creating immersive digital property experiences using 3D technologies, virtual reality, and augmented reality.

Founded by Srinath Kandala and Sunder Jagannathan, PropVR’s AI-based platform can convert any floor plan or physical space into an interactive 3D walkthrough in minutes and can cut the real estate marketing spends by 80 per cent while increasing the customer engagement levels by up to 400 per cent, said a press release.

The platform helps property developers, real estate agents, architects, and interior designers to showcase the properties virtually using immersive 3D walkthroughs and inbuilt video conferencing solution.

Tanuj Shori, Founder & CEO of Square Yards, said, “With PropVR, we are not only looking to redefine the digital real estate experiences for our customers, agents and property developers but in the long term, we want to digitise and index the built world by creating the digital twins of every single organized property in India.”