PropTech, or Property Technology, refers to innovative technologies and solutions designed to improve or transform the real estate industry. Its adoption is reshaping the industry, offering stakeholders increased efficiency, convenience, and cost savings. PropTech benefits include streamlining property searches, enhancing transparency, and eliminating manual paperwork. It saves time with digital contracts, seamless payment processing, and improves experiences like home interior design and property inspections through VR. By providing clear, accurate information, it minimizes misunderstandings, prevents wasted resources, and significantly benefits consumers.