This is an exciting time for the evolution of technology. Technological breakthroughs are happening daily as our ability to change our reality appears to be limited only to our imagination. Specifically for real estate development, driverless cars, stronger and lighter materials such as graphene, energy-efficient solar cells, photovoltaic paint, 3D printers, Li-Fi and others are current technologies evolving at an exponential rate to even more futuristic possibilities. However, although technologies that will be integrated into our daily lives through ongoing and future real estate development are evolving quickly, the systems that will need to approve the integration of these technologies, the legal, governmental and financial systems necessary for real estate development, are light years behind evolving technologies.
This article will explore the nature of the legal, governmental and financial systems as they relate to evolving technologies in real estate development to better understand how the technologies can be integrated into future developments.
