SMART HOMES IN DEMAND

Digitally enabled homes significantly elevate living experiences and offer comfort, convenience, security and sustainability in residential spaces. Powered by smart devices and advanced technologies, these homes are increasingly becoming the demand of today's homebuyers. The digitally enabled Home Market in India was valued at USD 1,790.9 million in 2018 and is expected to reach USD 13,574.1 million by 2026, growing at a CAGR of 29.8% (during the forecast period 2019-2026), according to a report by Allied Market Research. 

Automated homes can mean different things to different people. Home automation enables automating various devices in your home to work together in a connected way. The concept is currently evolving as home automation meets an increasing range of products. Responding to this burgeoning demand, developers across major cities are launching housing projects with technologically driven homes. Here are some of the reasons why homebuyers prefer smart homes:

• Tech-savvy buyers: With the advent of technology, tech-savvy homebuyers are looking for innovation in their homes. They like the fact that their home is a tech hub with the latest devices and technologies. This technological revolution is expected to get faster and more powerful with home automation and artificial intelligence offering comfort and convenience in new and innovative ways. Piramal Vaikunth, a luxury township in Thane by Piramal Realty, has recently announced the launch of DigiSelect homes, creating a futuristic living. These digitally enabled homes are seamlessly connected through IoT, voice assistance and app control, attracting tech-savvy homebuyers.
• Improved lifestyle: There is no denying that automated homes can make life easier. These homes make your life comfortable without moving all over the house to perform various tasks such as open and close curtains, customize lights or even open the main door. With smart devices, you can perform these household operations while resting on your couch. The recently launched DigiSelect residences at Piramal Vaikunth offer features such as app-controlled air conditioning, smart locks, presence sensors in washrooms and intelligent lighting that will provide multiple possibilities for homeowners at the convenience of their fingertips.
• Work-life balance: Today, many people are working from home, which has led to longer working hours, disrupting schedules along with added responsibility of doing their household chores. With automated home features like smart dishwashers, smart robot window cleaners, robotic vacuum cleaners, cleaning robots for dry and wet cleaning, people can plan and manage their day better and enjoy time with their loved ones.
• Security: The safety and security of your loved ones are of utmost priority, with new technology, home security systems have become advanced. The main locks have an IoT app-controlled interface, allowing keyless entry to your homes. CCTV surveillance and biometrics are other technological advancements that are highly tested and provide an additional layer of security. Smart homes warn and protect you from potential threats like an accidental fire or a system malfunction.

One of the key benefits of home automation is that they offer peace of mind to homeowners, allowing them to remotely monitor their homes, countering accidents and dangers such as a forgotten plugged iron left unused or the main door unlocked. They also help consumers improve efficiencies such as conserving energy, water, and other resources, which helps save both natural resources and money for the consumer. In the long run, smart homes will significantly improve the quality of life of individuals and families by beginning their journey to intelligent luxury.

Mohit Gupta

Senior Executive Vice President - Sales, Piramal Realty

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