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JLL says it could now have world's largest 3D-enabled property portfolio
REAL estate consultancy JLL could now have the world's largest 3D-enabled property portfolio - a result of its partnership with Foyr, an Indian startup that provides visualisation and customisation services for interior spaces, and in which JLL recently led a US$3.8 million Series A funding round.
JLL said on Monday that Foyr's technology can create 3D experiences as well as virtual fit-out and visualisation of commercial interiors at the touch of a button. "For clients, this means being able to efficiently plan their office spaces through advanced visualisation technologies without drawing out floor plans."
JLL added that Foyr has test-fitted more than two million square feet of commercial space for the company's clients in the Asia-Pacific - making its 3D-enabled property portfolio "potentially the world's largest".
Foyr's technology has since November 2016 been integrated with JLL's tools across many of its Asia-Pacific markets, including Singapore, Japan, Australia, Hong Kong, India, China and Malaysia.
Albert Ovidi, chief operating officer of JLL Asia Pacific, said: "The future of our industry lies in using technology to enhance the way we invest in, manage and occupy real estate. Foyr's solutions, which blend virtual reality and real-time market intelligence, offer a unique, immersive experience."
The latest round of financing will enable Foyr to deepen research and development in three key areas: artificial intelligence, virtual reality and 3D-technology platforms; as well as grow in new markets.
Launched in March 2015, Foyr uses virtual reality and real-time market intelligence to provide visualisation solutions to home owners, architects, interior designers, builders and the real estate industry.
Foyr's founder and chief executive officer, Shailesh Goswami, said: "Real estate is a high-value transaction, and we want to empower investors and occupiers to make informed decisions by providing advanced technology for visualisation of their projects. We see it as a win-win situation for corporates and startups to work together to bring the industry forward."