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Digital Solutions can aid Affordability in Affordable Housing

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Ajay Tyagi, Chief Executive Officer, Rialtes Technologies

With the growing urban population in India, stress on the housing sector and its struggle to cater to such huge numbers is visible. Therefore, constant efforts from the Centre and the state governments are being undertaken to implement affordable housing projects. Sharing international perspective on ‘ensuring liveable and greener affordable housing’, Ajay Tyagi, Chief Executive Officer, Rialtes Technologies, addressed the National Housing Summit.

He commenced his address with a brief on Rialtes Technologies. “As a company, we are focused on ensuring that affordable housing remains affordable irrespective of pre-COVID or post-COVID”, said Tyagi.

Speaking on the impact of COVID on the housing sector, he said, “Many people lost jobs due to a nationwide lockdown imposed by the government (to shun the spread of the COVID-19 infection) that impacted businesses adversely.” Construction works were halted, migrant labourers migrated back to their home towns or villages. All of this raised various issues for the housing industry, however, there are various measures taken by the government to dilute the impact such as rent or mortgage forbearance, eviction suspension, support to the construction sector, etc. he added.

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“If we look at long term impacts of the situation we see – lower residential mobility, lower housing investment profitability, and dysfunctional construction sector”, he pointed out.

Highlighting the role of Rialtes Technologies and how it can aid the housing sector to overcome the crisis, Tyagi mentioned, “The most important is the experience that we have, the knowledge we bring to the table, the innovations that we do, and the credibility that we have.” Moreover, the people on board with Rialtes are widely experienced in the affordable housing sectors and had worked for some of the best real estate managers in the world, he added.

Further, Tyagi presented ‘GovHouse’, a digital solution for the affordable housing sector based on Salesforce platform. He pointed out that the digital platform is specifically designed keeping in sight the norms of the Government of India and the United States Government as these are the two core areas of operation for Rialtes.

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GovHouse is one such digital platform that helps to do proper waitlist management of the beneficiaries. Further, it can automate many processes. People can apply online through the website or through the mobile application. It also allows access to all the data on the go at the mobile app. Also, we have an entire software module that does property maintenance and finally, aiding in providing government clearances and approvals electronically.

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