Jul 7, 2009
This might be bad news for real estate listing agencies, as Google plans to enter Real Estate market by using one of the most powerful tools “Google Maps”. Google plans to get into the classified real estate business via a new tool that uses Google Maps and connects buyers and renters to available properties.
While most of companies in the real estate sector use Google maps which are an easy ,free and detailed guide to information there are other options available.Google which was so far a friend in the business for them is now a rival in their business. Google’s revenues has taken a plunge and the profits margin has decreased by quite an amount in the current recession,due to this surmounting pressure the company had to evolve other ways of generating revenue and this is perhaps the best thing which would help people to locate and the Google maps itself.Google has taken a start in Australia and soon plan to enter other markets as US.
“Whatever the outcome, it makes perfect sense that Google is taking this route; numerous real estate listings services already use Google’s mapping service and the company needs to find new ways to make money in order to keep its revenue stream growing. If it doesn’t, the company faces the prospect of its stock going south. And Google can’t afford to have its stock sink because it needs that currency to keep its offices stocked with smart engineers.” :Gigaom
Well this added revenue would also help the company in enhancing its Google Map service to Google Street View, an amazing technology where in you would be able to click on any location of a map and look at the 360 degree street view from that point and this would be enabled by camera’s to be installed in various automobiles.We’ll have to wait and see how and when the technology comes to reality.
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