Advances in Consumer Research
Issue 4 : 106-122
Original Article
The Impact of Interactive Digital Visualization Tools on Purchase Intention of Home Buyers
1
Associate Professor, NICMAR University Pune
Abstract

The adoption of virtual tours for real estate marketing gained momentum during the pandemic. This study highlights the impact of virtual tours in real estate marketing in influencing Consumer decision making related to purchase. Based on the responses of the potential home buyers who were exposed to the virtual tours, the effectiveness of the virtual tour related to product knowledge, quality aspects and purchase intention was captured through a survey. Although the virtual interactivity significantly enhances understanding and engagement, it alone is insufficient for final purchase decisions; particularly among first-time and low-budget buyers who prefer physical site visits for assurance. The study also finds a strong correlation between virtual interactivity and purchase intention in mid to high-budget segments. Two-way communication and neighbourhood simulation were identified as features that can significantly improve VR’s effectiveness. This technology has the potential to change the traditional customer journey of real estate sector and also reach out to wider base of customers like NRIs through e-commerce or digital platforms.

Keywords
Recommended Articles
Original Article
Sustainable Mindfulness Interventions in Higher Education Institutions: A Review Study
...
Original Article
From Adoption to Outcomes: Assessing the Impact of Digital Payment Systems on Financial Inclusion and Financial Well-being in India
Original Article
Geopolitical Oil Shocks and Sectoral Stock Returns in India: The Exchange rate channel during Middle East Conflicts..
...
Original Article
Adoption of ChatGPT Among University Students: Examining Self-Efficacy, Digital Literacy, Trust, Motivation, and Usage Behavior..
...
Loading Image...
Volume 2, Issue 4
Citations
1275 Views
1331 Downloads
Share this article
© Copyright Advances in Consumer Research