Real Estate developers turn to IoT, Artificial Intelligence to woo home buyers of Things (IoT) and Artificial Intelligence () are no longer buzzwords even for real estate developers as they increasingly deploy these as well as home automation to lure homebuyers.

Developers are warming up to the idea of incorporating automation products to their offering, a late addition to the standard amenities list so far.

Given the cost factor, developers refrained from deploying these products earlier. A huge reduction in technology and deployment costs has been a clincher.

Platforms that use -based algorithms and sensor technologies monitoring indoor environment and alerting residents for corrective actions are also being deployed to bring wellness intelligence into the connected home environment.

Real estate today is no longer confined to a brick-and-mortar structure with developers constantly looking for ways to offer value to their customers. It has evolved into creating a healthy environment for people to live, work and play, thereby improving the health and quality of life of households around the ,” said Shishir Baijal, CMD, Knight Frank India.

Wifi-enabled home automation products like video door panels, motion sensor based light and security management and appliance control products that remote manage air condition, television, geysers and other electricity drawing appliances that are app-controlled are slowly becoming part of new developments, especially in the metro areas.

New age startups have overcome earlier teething issues and are now developing affordable products that can be easily integrated with existing plans. These products now offer monetary savings and come with important features like appliance malfunction warnings.

Picostone, a home automation , has been working with builders to develop and deploy products across mid-size and luxury projects.

“Developers are looking for automation products that are affordable and durable with a host of features that range from basic remote control of appliance to security features,” said Virang Jhaveri, co-founder of Picostone Technologies.

Given the rising acceptance and the trend of deploying such products, investors are also watching the space with keen interest.

“There is huge growth potential for home automation products in India and this growth has been further augmented by the innovative products developed by startups in this space. We estimate the conservative early growth of this segment by 30% to 50% on- for the next five years,” said Nilesh Jain, head – Metaform Ventures LLC, a US-based investment firm that has invested in this segment in India.

Jain said there is a growing demand in India, especially from metro cities and estate developers, unlike in the western countries where home automation has become an accepted norm.

Knight Frank India has also collaborated with Delos to offer DARWIN Home Wellness Intelligence platform that utilises Delos’ proprietary cloud-based algorithms and sensor technologies to help enhance health outcomes in the home and mitigate harmful indoor environmental concerns.

DARWIN interacts with an ecosystem of Delos-approved products and to bring wellness intelligence into the connected home environment to create spaces that help reduce stress, improve sleep quality, increase performance and enhance overall well-being to advance health into the built environment.



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