1. A computer implemented method for facilitating a real time interaction of a real environment with a virtual environment, the method comprising: capturing at least one real time image of one or more IoT based objects in the real environment using a mobile electronic device and scanning one or more characteristics of the mobile electronic device in the captured real time image; visualizing a stereoscopic image with a field of view, of the captured real time image of the one or more IoT based objects using a virtual reality platform, in the virtual environment and providing a guidance to perform one or more actions on the scanned characteristics of the mobile electronic device from the virtual environment; scanning at least one IoT based object out of the one or more IoT based objects in the real environment to observe one or more characteristics of the scanned IoT based object using a hybrid reality application stored in the mobile electronic device; receiving one or more scenes on an input/output interface in accordance to the observed one or more characteristics of the scanned IoT based object by using the hybrid reality application; performing one or more actions on the basis of a geo-location of the scanned IoT based object, from the virtual environment based on the received one or more scenes; controlling the scanned IoT based object by facilitating augmentation using a magnetic triggering capability of a Virtual Reality (VR) device; and providing a hand-free object interaction to facilitate further interaction with the at least one IoT based object.