The evolution of PropTech has revolutionized the real estate sector in five phases. It began with data management tools in the 1990s and progressed to shared economies and tech-integrated sales platforms in the 2000s. The third wave saw listing platforms like MagicBricks enhance accessibility, followed by AI and automated valuation models improving efficiency and customer experience in the fourth wave. The fifth wave introduces AR/VR and blockchain, enabling secure and immersive property transactions. These advancements have made real estate smarter, faster, and more transparent, paving the way for a tech-driven future in the industry.