Smartphones and internet-based technology have been on the rise over the past decade or so. However, the onset of the COVID-19 pandemic added several new dimensions to digital technology. We now work, attend classes, bank, shop, socialise, and even consult doctors online. Our phones and computers are smart – they recognise our faces, voices, movements, and search trends. So, why not our homes? The dream of owning smart homes and residences that recognise our personal preferences and sense our movements and needs has long captured our imaginations. They are no longer a dream. Smart homes are the latest trend in real estate technology – one that is here to stay.
Imagine leaving home after a long day at work. A tap on your smartphone gets the hotpot at home going, slow cooking your favourite meal, which will be ready by the time you get back. Now as you pause at the door, facial recognition technology-enabled security systems unlock the door without having to reach for a key. You walk into the living area, and your favourite music turns on, the mood lighting for a relaxing evening, and the coffee maker starts brewing. Your bedroom air conditioning senses the outside weather and sets the temperature to a comfortable reading. The air purifier modulates itself according to the day’s Air Quality Index, and all the appliances turn themselves off as you go out for a walk. Isn’t that the dream? Not anymore. That’s just the Internet of Things (IoT) – the technology that is all set to revolutionise real estate development.
The demand for smart home technology is fuelled by the digital revolution and the steamrolling effect of innovations that have now become the norm rather than the exception. According to current estimates, there are nearly 13 million smart homes in India, and by the year 2025, there is likely to be a 12.8% increase in smart home solutions in the country. Much of this is likely to be concentrated in and around the major metro cities of the country, such as Delhi, Mumbai, Bangalore, and Chennai. These cities also have the highest concentration of tech companies and startups working on smart living technology. As 5G penetration grows deeper, the demand for smart homes will also greatly boost. Top developers and builders in major cities are already adapting to this trend.
Smart home technology, often referred to as home automation or domotics, is much more than just a number of gadgets working to smooth out your daily chores. The benefits that they bring homeowners and families are priceless. Here are a few examples -
Smart home technology is not only for the tech-savvy urbanite. It is the perfect solution for the real estate industry that is looking to transition to sustainable, green practices. Smart homes are built to conserve energy through motion sensors, optimal use of natural resources, and optimisation of technology like rainwater harvesting, waste management, solar energy units, and composting. Smart homes work best when they leverage green spaces and waterfronts and make technology to reduce energy consumption and reduce the carbon footprint of your home to provide you with better health and a better lifestyle.
Smart homes are indeed the future. If you are a real estate investor looking to earn rental income or looking at asset appreciation, smart homes are the thing for you. The younger generation of homebuyers is looking towards technology to make life convenient, hassle-free, and comfortable, with a dash of glamour. Smart homes offer them this opportunity and more. If you are a homebuyer looking to set up your own nest and build a beautiful life for your family, the convenience, savings, and value of smart homes are certainly worth your investment.
Moveable property is a category of assets that is equally significant but sometimes ignored in a society where property is typically seen as a permanent and immovable asset. We will examine the principles of movable property in this comprehensive book, learning what it is, why it is significant, and how it could be essential in many areas of our lives.
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Owning a residential property in Mumbai is a significant accomplishment, both personally and financially. Real estate properties are always in high demand, and it is a dream for every Mumbaikar to own one. However, it is crucial to register your property to establish your legal ownership of it. By paying the registration fee and stamp duty and completing the registration process, you ensure that you are the legal owner of the property.