Karachi: Artificial intelligence (AI) is poised to revolutionize Pakistan’s real estate and construction sectors, offering new avenues for efficiency, transparency, and sustainability, experts said during the 18th Build Asia International Conference and Exhibition.
Speaking at the event, an AI consultant emphasized that AI is a game changer for the industry, particularly in areas like risk assessment, market trend analysis, and property management. Tools powered by AI enable stakeholders to make informed decisions while fostering innovation in construction practices.
Academia was also highlighted as a crucial player in this transformation. Experts pointed out that integrating AI into educational curricula, particularly in fields like architecture and urban planning, could prepare future leaders for the evolving landscape. Partnerships with industry leaders for student internships and hands-on experience were suggested to bridge the gap between theoretical knowledge and practical applications.
Ethical considerations in AI use were stressed, including data privacy, algorithmic bias, and job displacement concerns. For instance, experts called for the ethical evaluation of AI tools like facial recognition technology in buildings to ensure responsible deployment.
Specific AI-powered tools were showcased at the event:
Allytics, which uses video analytics to monitor construction site conditions, safety, and productivity. Everguard.ai, which employs real-time data analytics to enhance worker safety by detecting hazards and ensuring compliance with safety protocols.
With AI continuing to evolve, its integration into Pakistan’s real estate sector is expected to set new benchmarks for efficiency and growth while addressing longstanding challenges in the industry.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
