Internet of Things (IoT) and Artificial Intelligence (AI) are finding possible use in the real estate world too with the builders increasingly deploying these in addition to home automation in a bid to lure the homebuyers.
Developers are gradually becoming receptive to the idea of incorporating home automation products to their offering, a late addition to the standard amenities list so far. Given the cost factor, developers had earlier refrained from deploying these products.
However, with considerable reduction in technology and deployment costs, more and more developers are opting for such products. Platforms that use cloud-based algorithms and sensor technologies to monitor indoor environment and alert the 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 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 world,” said Shishir Baijal, CMD, Knight Frank India.
Wifi-based home automation products like video door panels, motion sensor-based light and security management products and appliance control products that remote manage ACs, TVs geysers and other appliances that are app-controlled are becoming a part of new developments.