In the past 5 years, we can say most tech industries have grown more than in the past 20 years combined and also impact the future of Real Estate. Both companies and people have invested heavily in the development of tech startups through seed funding, funding series, and crowdfunding alike lately.
One start-up got our attention lately, its name is Virtuix. They are a VR Start-up Company that has built a great product named Omni One.
This product is a VR Treadmill. What it actually does is a combination between an actual treadmill and a VR suit. It allows you to actually walk through virtual environments. Now we’re seeing the picture of the future of Real Estate.
This image may help you get a better understanding.
The main focus of the company is the eSports market. This is what their product is built for. So people can play VR Shooters competitively and make the experience as immersive as possible.
Can it also impact the future of Real Estate sector?
I believe so, yes.
But, how can a very expensive toy for gamers make an impact in the future of Real Estate industry?
Here, at Panorender, we do work on projects with clients in this industry. We build interactive virtual environments.
We are all about interactivity, navigating through virtual worlds, therefore we see this as an opportunity.
This would allow an even more immersive experience. As a user, you can literally walk through the virtual environment, get a better feel of it through interactive features, ambient music, and even feel some wind or temperature through the haptic vest.
This is not “Ready Player One”, so it’s not for consumer applications...not yet at least.
But, when it comes to commercial applications, it would surely help. Maybe it is not for everyone out there, it’s a premium product, so it would only attract high-end Real Estate companies. And we all know that when big guys innovate, even the small players will put some emphasis on innovation to build the future of Real Estate.
How could it actually build the future of Real Estate?
Big Real Estate companies would benefit from this product because they would really get a better feel of the projects they invest in.
They take on huge projects only and work with world-class architects and designers. With this level of expertise, every small competitive edge matters. Every technique and technology that helps in bringing value matters more to them than to smaller players.
This product could be implemented by Real Estate and Architecture companies alike. It would help in presentations, development, and testing alike.
Architects can create more immersive experiences for their projects of open spaces, venues, penthouses, etc. and help them get ahead of the competition while pitching for investment.
Imagine the person you are pitching your new park to will not only have a VR headset, but he will strap into a haptic suit on a treadmill. He can freely walk around and receive more stimuli than usual. He can hear birds chirping, somewhat feel the temperature out there, feel someone bump into them by mistake, etc.
It seems all vanity, to be honest. These seem to be superficial features that only add selling points.
And maybe you are right. But it also adds functionality. Plus, every technology that can help a company get an edge, even though a premium product such as this one, may be worth all the extra effort put in for winning projects worth hundreds of millions of dollars.
Can it help Architects Develop better projects?
Yes, of course.
So far, we’ve explored how architects can use treadmills to better showcase their works for the purpose of pitching, which may seem more like vanity rather than functionality.
As I wrote a few dozens of words above, it also adds functionality for development. This is critical, as the future of Real Estate is not based on pretty and immersive presentations alone.
Humanity as a whole is pushing towards a more virtual lifestyle, especially when it comes to working environments.
Look, this or next year Apple will launch AR Smart glasses. As we all know, Apple has a reputation for being trendsetters. Therefore, I assume these will be huge.
In a matter of years, you will only use your laptop or smartphone as a means of power processing to feed data into your glasses. You won’t be needing 3-5 screens for your development process anymore, you’ll have virtually unlimited screens you could add onto your glasses at any size you want. Virtual offices will fully come to power. But we’ll discuss more about this in a future post. Plus, you can do this with an Oculus 2 alone.
A VR treadmill will increase the productivity of architects by placing them inside the rendering of their venue, at a micro-scale.
No more scrolling for zooming in and out 1000 times an hour. The architect will be able to add details in the form of furniture, decorations, art, and many more, as well as changing wall design, floor color, lighting based on the time of the day/year, and much more.
They will be able to build from the ground up a project in an immersive way in a productive and efficient manner from the macro to the micro aspects of their works.
We believe in the power of immersive environments. This is why we try to bring it to its upper limit every day. That is due to us knowing the benefits of such interfaces over classical ones.
Humanity is evolving towards more digital ways of working. Big products come in promising to revolutionize digital environments through virtual reality, virtual environments, virtual offices, virtual everything.
This is why investing in endeavors to introduce a more realistic experience in virtual reality is so important. VR and AR technology bring the future closer, even the future of Real Estate.