As India embraces this technological evolution, the future of smart homes looks promising and transformative. Technology has seamlessly entered our private spaces, and the real estate sector is no exception as it adapts and adopts the concept of smart homes. Artificial Intelligence (AI) and the Internet of Things (IoT) have revolutionised how we live bringing convenience, efficiency and security to our doorstep.
Owners of smart homes can control appliances, thermostats, lights and other devices remotely by using a smartphone, or tablet via an internet connection; this can either be wireless or through hardwired systems.
Technologically smart homes are a relatively new concept in real estate in India as this model way of living already exists in the West. These energy-efficient gadgets not only provide hassle-free and convenient living but also keep us safe and secure in our homes free from theft and burglary. From automated lighting to smart speakers and thermostats to advanced security systems this trend will not only elevate our way of living but make us feel safe. However, this trend is driven by several factors.
Increased Internet Speed: With the advent of 5G in India, more and more Indian homes are now able to operate their smart gadgets seamlessly.
Affordable Technology: Prices of smart devices have now become affordable in budget-friendly options which are now becoming accessible to a large segment of the Indian population.
Creating Awareness: Indian citizens are now aware of technology that is not only convenient but also affordable. Owning these energy-efficient gadgets will lead to enhanced security and convenient living.
Government Initiatives: The Government of India (GOI) through the Smart Cities Mission and Digital India (DI) encourages citizens and propels them to adopt smart technologies in urban and semi-urban areas.
Benefits of Smart Homes
The installation of smart technology into our homes offers various benefits:
Energy Conservation: Smart technology can reduce the consumption of electricity by optimizing the use of lighting, heating and cooling systems. Thermostats can learn user preferences and adjust the temperatures in air conditioners and the fridge, while automated lights can ensure lights are on only when needed.
Seamless Security Systems: Homeowners when out of station can keep an eye on their property with security systems alerting them of any suspicious activities and controlling locks remotely, providing peace of mind and enhanced protection.
A Convenient Way of Life: Homebuyers can turn on the air conditioning before arriving home or set the coffee maker to brew in the morning with the help of smart devices and voice commands.
Challenges Ahead.
The future of smart homes looks bright and promising but there are many hurdles that the builders and developers along with the respective governments need to overcome.
Protecting Data Privacy and Security: A risky and rough road ahead as a breach of data privacy and security poses a threat to homeowners.
Reliable Internet Connectivity: Homeowners must ensure that there is an uninterrupted supply of the internet for the optimal functioning of smart homes.
Cost Barriers: While the price of smart home devices is decreasing and buying and installing them is a one-time investment, the maintenance of these devices, in the long run, is a cost-saving barrier to an average Indian household.
Smart homes are the future of India and hold immense potential. As technology continues to become affordable, smart homes will become a reality in every Indian home offering a blend of convenience, security and affordability. This is just the beginning as India is poised to be at the forefront of the technological revolution.