A woman experiencing metaverse wearing VR headsets
A woman wearing VR headsets. (Image by Riki32 from Pixabay)

Tech Mahindra and Mahindra Lifespaces Partner to Drive Innovation in PropTech

New Delhi — Tech Mahindra and Mahindra Lifespace Developers Ltd., the real estate and infrastructure development arm of the Mahindra Group Friday announced the launch of a platform to provide 3D immersive experiences to customers, that will redefine their home-buying experience. The platform aims to generate images of homes and a complete home environment, in a near-real manner using photo realism features and capabilities provided by Epic Games’ Unreal Engine 5.

It will give customers an immersive 3D experience of Mahindra Lifespaces’ newly designed real estate properties. They will be able to teleport themselves into their future homes, collaborate remotely with family members and communicate with them to speed up their purchase decisions.

“For buying new apartment homes, the traditional process has been that customers will visit the project site, look at models of the project and visit/show apartments. With the advancements in Prop Tech, it’s time we disrupted these traditional buying approaches. Metaverse offers an opportunity where potential home buyers can be teleported to their future homes, and experience their homes and surroundings fully, even before they are built in the physical world. This makes customers completely sense and experience their new homes, without leaving anything to the imagination. The platform built by Tech Mahindra for Mahindra Lifespaces, will provide a first-of-its-kind near-real experience of apartments to end customers, using Epic Games’ Unreal Engine capabilities,” said Tech Mahindra Emerging Technologies Global Head Rajesh Dhuddu.

To support hundreds of concurrent users experiencing this remotely and that too in a multiparty environment, Tech Mahindra will leverage its extensive network and infrastructure to build high-fidelity 3D environments using Epic Games’ Unreal Engine 5. This will further be combined with cutting-edge technologies such as Conversational AI (Artificial Intelligence), and NFTs (Non-Fungible Tokens) to enable buying of digital artefacts pertaining to homes.

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