CFP last date
20 January 2025
Reseach Article

Role of 360-Degree Virtual Reality Tours for Real Estate

by Anupama Kaushik, Avi Mittal, Kaustubh Mogha, Jay Kakkar
International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 185 - Number 49
Year of Publication: 2023
Authors: Anupama Kaushik, Avi Mittal, Kaustubh Mogha, Jay Kakkar
10.5120/ijca2023923325

Anupama Kaushik, Avi Mittal, Kaustubh Mogha, Jay Kakkar . Role of 360-Degree Virtual Reality Tours for Real Estate. International Journal of Computer Applications. 185, 49 ( Dec 2023), 38-44. DOI=10.5120/ijca2023923325

@article{ 10.5120/ijca2023923325,
author = { Anupama Kaushik, Avi Mittal, Kaustubh Mogha, Jay Kakkar },
title = { Role of 360-Degree Virtual Reality Tours for Real Estate },
journal = { International Journal of Computer Applications },
issue_date = { Dec 2023 },
volume = { 185 },
number = { 49 },
month = { Dec },
year = { 2023 },
issn = { 0975-8887 },
pages = { 38-44 },
numpages = {9},
url = { https://ijcaonline.org/archives/volume185/number49/33024-2023923325/ },
doi = { 10.5120/ijca2023923325 },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Journal Article
%1 2024-02-07T01:29:14.632449+05:30
%A Anupama Kaushik
%A Avi Mittal
%A Kaustubh Mogha
%A Jay Kakkar
%T Role of 360-Degree Virtual Reality Tours for Real Estate
%J International Journal of Computer Applications
%@ 0975-8887
%V 185
%N 49
%P 38-44
%D 2023
%I Foundation of Computer Science (FCS), NY, USA
Abstract

360-degree video is gaining popularity because it is immersive and participatory. However, little is known about the opinions and attitudes of the general people regarding the application of this cutting-edge technology in real estate. The research supporting 360-degree property tours, buyer seller interactions is reviewed in this study along with studies that are related to them. Additionally, survey analysis, methodology and tools are described, along with the outcomes that were obtained. The use of VR tours in real estate platform is discussed, and suggestions are made for further study. The study's key findings, which are based on survey conducted, demonstrate that 360° video and its use in real estate platforms are well recognized by the general public, who mostly express anticipation, trust, and excitement when discussing it. However, property owners lack the technical know-how to create 360-degree tours. Finally, 360-degree property tours has been shown to be a successful tool that meets the requirements of new age buyers and sellers on real estate platforms.

References
  1. Vidanapathirana, M., Meegahapola, L., and Perera, I. 2019. Cognitive analysis of 360 degree surround photos. arXiv preprint arXiv:1901.05634.
  2. Banchi, Y., Yoshikawa, K., and Kawai, T. 2020 Evaluating user experience of 180 and 360 degree images. In IS and T International Symposium on Electronic Imaging Science and Technology (Vol. 2020, No. 2, pp. SDA-244).
  3. Jokela, T., Ojala, J., and Väänänen, K. 2019 How people use 360-degree cameras. In Proceedings of the 18th International Conference on Mobile and Ubiquitous Multimedia (pp. 1-10).
  4. Pan, Y. 2021 VR Reality of the Relationship between Augmented Reality and Virtual Reality in the Context of Virtual Reality. In Journal of Physics: Conference Series (Vol. 2066, No. 1, p. 012056). IOP Publishing.
  5. Mitra, S., Banerji, S., Das, R., Sarkar,S. Das,P., Saha, B., Rafiqul Islam,R. and Chakraborty, R. 2022 Virtual Reality (VR) and Augmented Reality (AR) Based 360 Degree Panoramic Environment Generator for Virtual Tour. In International Journal for Research in Applied Science and Engineering Technology. Vol.10.PP. 4929-4933. 10.22214/ijraset.2022.43632.
  6. Pereira, R. E., Moud, H. I., and Gheisari, M. 2017. Using 360-degree interactive panoramasto develop virtual representation of construction sites. In Trabajo presentado en Lean and Computing in Construction Congress (LC3) (Vol. 1).
  7. Pirker, J., and Dengel, A. 2021 The potential of 360 virtual reality videos and real VR for education—a literature review. IEEE computer graphics and applications, 41(4), 76-89.
  8. Krasnov, M. 2018 Using Virtual Reality and 360-degree Photos and Videos in Marketing. Master’s Thesis. Haaga-Helia University of Applied Science, Helsinki, Finland. Orihuela, P., Orihuela, J. (2014). Needs, values and post-occupancy evaluation of housing project customer: A pragmatic view. Procedia Engineering Volume 85, 2014, pages 412-419.
  9. Sulaiman, M. Z., Aziz, M. N. A., Bakar, M. H. A., Halili, N. A., and Azuddin, M. A. 2020. Matterport: virtual tour as a new marketing approach in real estate business during pandemic COVID-19. In International conference of innovation in media and visual design (IMDES 2020) (pp. 221-226). Atlantis Press.10.
  10. Lampropoulos, G., Barkoukis, V., Burden, K., and Anastasiadis, T. 2021 360-degree video in education: An overview and a comparative social media data analysis of the last decade. Smart Learning Environments, 8(1), 1-24.
  11. Pleyers, G., and Poncin, I. 2020. Non-immersive virtual reality technologies in real estate: How customer experience drives attitudes toward properties and the service provider. Journal of Retailing and Consumer Services, 57, 102175.
  12. Meyer, O. A., Omdahl, M. K., and Makransky, G. 2019. Investigating the effect of pre-training when learning through immersive virtual reality and video: A media and methods experiment. Computers & Education, 140, 103603.
  13. Southgate, E., Smith, S. P., Cividino, C., Saxby, S., Kilham, J., Eather, G., and Bergin, C. 2019. Embedding immersive virtual reality in classrooms: Ethical, organisational and educational lessons in bridging research and practice. International Journal of Child-Computer Interaction, 19, 19-29.
  14. Du, B., and Zhou, L. 2022. Real Estate Display System Based on Virtual Reality Technology. In International Conference on Machine Learning, Image Processing, Network Security and Data Sciences (pp. 123-130). Cham: Springer Nature Switzerland.
  15. Pleyers, G., and Poncin, I. 2020. Non-immersive virtual reality technologies in real estate: How customer experience drives attitudes toward properties and the service provider. Journal of Retailing and Consumer Services, 57, 102175.
  16. Tikhon P. Podshivalov 2022. Improving implementation of the Blockchain technology in real estate registration. The Journal of High Technology Management Research, 33, 100440.
  17. N. Batra, H. Gupta, N. Yadav, A. Gupta and A. Yadav, "Implementation of augmented reality in cricket for ball tracking and automated decision making for no ball," 2014 International Conference on Advances in Computing, Communications and Informatics (ICACCI), Delhi, India, 2014, pp. 316-321, doi: 10.1109/ICACCI.2014.6968378.
  18. Kaushik, A.,Verma, S., Singh,H.J., and Chabbra, G. 2017 Software cost optimization integrating fuzzy system and COA-Cuckoo Optimization Algorithm. Int. J. of Systems Assurance Engineering and Management. 8, 1461-1471.
  19. Prabhjot K, Soni AK, and Anjana G. 2012. Novel intuitionistic fuzzy C means clustering for linearly and nonlinearly separable data. WSEAS Transactions on Computers 11:65–76.
Index Terms

Computer Science
Information Sciences

Keywords

Virtual Reality 360-Degree Real Estate Statistical Tests Virtual Tour Survey.