1. A computer implemented method for a real time interaction of real environment with 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; visualizing a stereoscopic image with wide field view, of the captured the real time image of the one or more IoT based objects using a virtual reality platform, in a 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; and performing one or more actions on the basis of a geo-location of the scanned IoT based object, from the virtual environment according to the received one or more scenes.