How Smart homes have the potential to revolutionize the way we live.

By – Mr Gaurav Mavi,
Co-founder,
BOP Group

A trend that is gaining popularity in the evolving real estate market is Smart Homes. As a real estate consultant with years of experience, I have seen that there is a rise of homes with modern technology that suits our daily life. Lighting of the house activated by voice and security systems which are automated are examples of resources that are now becoming necessities for nowadays home owners, rather than wishful futuristic technologies. Let us see why smart homes are more than just a fancy quirk and how they will change how we live in the future.

Benefits of a smart home:

Control at your command: Smart homes give the ultimate convenience of controlling household appliances, and even electrical systems from your smartphone or tablet, wherever you are. This can eliminate the fear of forgetting to turn something off and saving a tonne of time.

Energy Efficiency on Autopilot: Smart homes can help you become more environmentally conscious and potentially lower your electricity bills, making it cost-efficient in nature.

Enhanced Security and Peace of Mind: Security is a major advantage of smart homes. Smart features like remote monitoring which allow you to view live camera feeds of your home from anywhere and automated alerts which can notify you of unusual activity. Smart locks can be controlled remotely, so you can let someone in even if you’re not home.

Smart Homes in India: Boon or Buzzword?

India’s real estate sphere is experiencing a surge of demand of smart homes and the numbers are expected to increase by the year 2025. A reflection of this rising wave speaks volume on two fronts — affordability and accessibility. Security is an essential factor in driving the demand for smart homes, with the features of remote monitoring and automated alerts fuelling the curiosity in security conscious societies.

However, some practical considerations exist. The setup of a smart home system demands investment in compatible devices plus new systems — an initial expensive outlay. Moreover, smart homes have an insatiable appetite for consistent internet supply since functionality can be easily hampered by irregular speeds or outages; not forgetting that smart device operation can be curtailed by frequent power cuts (a stark reality in some parts of India). In short: Demand grows as cost blooms amidst these technological vulnerabilities imposed by geographic contexts.

Smart homes in India are now becoming more practical. However, affordability, internet reliability, and user-friendliness are still aspects that need improvement for widespread adoption. As technology matures and the market expands, smart homes are likely to become a more practical option for many Indian households.