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Square Yards, a rapidly emerging proptech platform on the global stage, proudly announces the successful filing of 18 international patents in India and the USA. These patents span an array of cutting-edge domains, including virtual reality (VR), augmented reality (AR), extended reality (XR), artificial intelligence (AI), and data applications in the realm of real estate. PropVR, the technological arm of Square Yards, has achieved these intellectual property milestones by specializing in creating immersive digital twins using advanced 3D technologies, virtual reality, and augmented reality.
Among these patent submissions, Square Yards has already secured approval for three, firmly establishing its position as a pioneer within the global real estate sector and driving technological advancement and innovation. These granted patents encompass interactive 3D experiences for real estate, tools for remote collaboration enabling customers to explore properties, and algorithms for agent ranking. At the core of this intellectual property portfolio lies the development of next-generation real estate technologies that harness the capabilities of artificial intelligence and extended reality.
Tanuj Shori, founder and CEO of Square Yards, emphasizes the significance of this accomplishment. He highlights that by seamlessly integrating AR, VR, XR, AI, and data applications into the real estate sector, they are redefining the boundaries of what can be achieved. Square Yards has consistently embraced cutting-edge technologies to elevate the real estate experience and is excited about the unprecedented opportunities that they create for consumers. These patents underscore their unwavering commitment to innovation, disruption, and leadership in digital transformation within the global real estate industry.
These patents encompass a wide array of ground breaking innovations. They encompass the creation of immersive and collaborative virtual building experiences, leveraging follower state data, user preferences, and reaction data. Another set of patents focuses on enhancing real estate asset analysis, including assessments of liveability, worthiness, and future value, while considering accessibility to commercial and personal facilities. This approach brings enhanced transparency and efficiency to the real estate sector. Additionally, there are patents dedicated to refining agent ranking systems, streamlining sales processes, and optimizing real estate listings. These systems empower professionals with data-driven tools to elevate their sales and marketing strategies.
Square Yards' relentless pursuit of innovation aligns with its vision to simplify, enhance, secure, and future-proof the home-buying process. These patents mark a significant step towards realizing this vision, with Square Yards poised to redefine the real estate landscape for the benefit of consumers and industry professionals alike.
Square Yards stands as India's largest integrated real estate marketplace, positioned as a category leader across various aspects of the consumer home ownership journey. With a focus on urbanization and the increasing trend of disposable income, Square Yards has become a significant player in meeting India's growing residential demand, boasting over 8 million monthly visitors and a gross transaction value (GTV) exceeding USD 3 billion. Distinguished as one of the rare Indian start-ups to attain global recognition, Square Yards operates in over 100 cities across nine countries. It leads the way in tech adoption within the sector, boasting multiple patents in the VR and AI domains.
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