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PropTech (Abbreviation for "Property Technology") is a term used to describe the development of real estate and construction technology. This innovation is emerging as a result of the convergence of the three major fields of real estate, construction and information technology. This can result in a platform that integrates technology with real estate to optimise the way we live, work and affect our environment.

PropTech can be divided into two categories:

  1. Building automation
  2. Smart City

Building automation includes various systems that can control heating, cooling, lighting, sound insulation and security systems in buildings. Smart cities cover a wide range of technologies that make cities more sustainable and efficient for residents and visitors by dates collected by sensors and other IoT (Internet of Things) devices.

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