AI can cut real estate construction costs, halve project timelines, and reduce delays, benefiting homebuyers

Artificial Intelligence (AI) is emerging as a game-changer for real estate projects. It has the potential to reduce construction costs, shorten project timelines, and minimise delays and wastage, directly benefiting homebuyers, Boman Irani, chairman of Credai, told HT.com on the sidelines of CREDAI Natcon 2025, which is being held in Singapore.

“The use of Artificial Intelligence in real estate will transform the way projects are executed,” he said. “AI enables us to improve efficiency, cut costs, and accelerate timelines by reducing delays and wastage.”