New Delhi: Generative AI (GenAI) has the potential to add USD 14-17 billion to India's growing real estate economy over the next seven years by enhancing operational efficiency, according to a report.
Consultancy firm EY-Parthenon and realtors' apex body CREDAI, in its report 'GenAI in Indian real estate - Scaling the next frontier of innovation' released on Thursday, stated that the adoption of GenAI could increase sales velocity by 30-50 per cent and reduce project costs.