In this day and age, technology has transformed homes to more than just a dwelling with walls and doors. Home Automation has, in fact, taken the world of real estate by storm.
Common household items such as refrigerators, washing machines, ovens, the lighting system, almost every electrical item can be connected to smartphones. All you have to do is give instructions to the devices while you leave office. To your surprise you will have your clothes already washed and dried, food warmed up in the oven and the lights switched on, all of this by the time you reach home.
In addition to this, there are several other new and unique smart home devices such as water sensors to keep track of water levels and leaks if any, and smart apps to regulate air conditioners remotely that are yet to be launched for making life easier and relaxed for an individual.
Why are people opting for home automation?
Driven by technology, smart homes are now a ranked as a top priority for housing spaces. Their main objective is to make routine living comfortable, opulent, practical, pleasurable, secured, and reliable. Home automation is no longer associated with the rich and affluent, but are considered an option available to all sections of society in India.
Going by the current standard of living in India, smart home automation has become significantly affordable and every household across the country is using some form of smart home technology.
Real estates incorporating smart home ideas
Home automation is likely to have a great impact on real estate, as home buyers no more want traditional homes. They want their homes embedded with smart technologies like home automation system, digital keys etc. People are enthusiastic to make these technologies an important part of their homes.
Predominantly, smart home automation is a desirable solution to keep buildings and independent homes safe while they are uninhabited. This could either be during the day when the owners are out on a vacation or at work. Similarly, smart monitoring features installed at home help adults to keep a watchful eye on their children and aging parents remotely through smartphone apps.
Smart homes didn’t mean much if you looked back a few years ago. Today, most of the real estate companies in India have understood the fact that home buyers are looking for smart homes that increase their comfort level.
It is usually furnished with special wiring to facilitate occupants to control a wide range of smart devices. It is equipped with smart products that are connected via Wi-Fi or similar protocols for controlling and automating functions such as lighting, temperature, safety, entertainment etc within the home.
An added benefit is a noted boost in property value, as some attractive features are likely to attract discerning home buyers. Every builder has a different reason to offer smart home systems such as – purely marketing, driving upgrades, differentiating from competition, etc.
How are Indians currently reacting to smart home ideas?
Smart homes, as a fully-fledged offering from real estate companies, are currently attracting buyers only from metropolises across India. The market for smart homes in the country has been increasing progressively. According to The Hindu, the acceptance of smart homes in India is rising from 15-18% in Tier 1 cities and 5-10% in Tier 2 and Tier 3 cities.
This variation in data is mainly due to the increase in the number of working couples in cities who have double incomes. With both partners being breadwinners, the family is financially capable of purchasing smart homes or even get their existing homes embedded with smart technology.
Today, many reputed real estate companies in India are equipping their properties with smart features in an effort to offer differentiated experience from competitors. According to sources, Bengaluru based real estate developer Embassy Group has partnered with Amazon to launch Alexa-enabled smart homes. The residential homes that are a part of Embassy Group will come pre-installed with Amazon Speakers.
Homeowners will be able to control their home appliances with their voice as well as remotely monitor their homes. In short, smart home technology is going to revolutionize the residential sector in the coming years. Figure out the best home automation solution that makes sense for you and home buyers.
The future of smart homes in India
While an average Indian individual with a stable income is open to the idea of smart home automation, they are eager to spend no more than 1-3% for home technology. The upper-middle-class and wealthy sections of society are willing to spend at least 5-8% of their income in smart home solutions. At this juncture, the percentage is low, but will gradually increase in the future as and when novel smart technologies are launched in the market.
Home automation will become important and default buying criteria for home buyers in the future, as smart homes are attracting the younger generation.