Smart homes of today – The Hindu

Smart homes have taken the real estate industry by storm, emerging as a significant element influencing property values ​​and buyer preferences. Driven primarily by the demand of tech-savvy Gen Z and millennial home buyers, what was once a luxury has now become a strategic investment, significantly increasing both the appeal and market value of homes.

In India, the smart home revolution has replaced traditional living spaces with cutting-edge technology that promises greater convenience and efficiency. The dream of the home of the future is becoming a reality as automated lighting, sophisticated security systems and smart appliances become more prevalent. With the rapid adoption of smart technology, it is essential to evaluate its impact, address potential challenges, and consider its future trajectory.

According to a recent industry report, India has witnessed a significant growth in smart home devices, reaching 8-10% by 2023. The report estimates the smart home market to be around ₹90,000 crore in 2023, with it expected to expand to ₹. 1,40,000 crore by 2028. In particular, security devices are projected to grow rapidly, with around 14% market share over the next four years.

latest in technology

Many cutting-edge smart home technologies are set to redefine home automation. These innovations not only enhance the functionality of homes but also play an important role in increasing property values. Property developers are putting in extra efforts to bring A-class home automation technology to their home buyers.

From thermostat to voice assistant

Smart thermostats adjust heating and cooling based on user preferences and behavior. Additionally, they can also be controlled remotely through smartphone apps. Their energy-saving capabilities can significantly reduce utility bills, making them a valuable amenity for potential buyers. In response to market demand, electronics brands are bringing out the latest devices and models.

Smart lighting devices help you manage lighting intensity, color, and schedule from your smartphone or through voice commands. They can create personalized lighting scenes, increase home security by simulating occupancy and reduce energy consumption. The combination of aesthetic appeal and practical benefits makes smart lighting very attractive to tech-savvy buyers.

For many buyers, home security is a top priority. Smart security systems provide advanced solutions to meet this need. Devices like video doorbells, security cameras, and smart locks provide real-time monitoring, remote access, and instant alerts. Integration with smart home hub ensures seamless control and monitoring, further enhancing the attractiveness of the property.

Modern smart appliances, including refrigerators, ovens and washing machines, provide unparalleled convenience and efficiency. These appliances can be controlled remotely, provide maintenance alerts, and even suggest recipes based on available ingredients. Their advanced features not only improve the functionality of the home but also attract buyers looking for connected, modern living spaces.

Voice technology has become central to the smart home experience. Voice-enabled devices manage other smart home devices, provide information and automate routines. Smart Hub, which integrates various smart home devices into a single control system, enhances the user experience by providing centralized control and automation capabilities. Together, these technologies are changing the home automation landscape, providing both increased convenience and increased property value.

Tips to Maintain

Maintaining a smart home involves several key practices for best results. The most effective solution is to regularly update passwords across all devices and applications that control the smart home, ensuring strong security with options like multi-factor authentication. Additionally, the software on the devices should be updated on a regular basis to ensure that they function seamlessly. Incorporating maintenance features during initial installation, such as power conditioners and uninterruptible power supplies (UPS), which protect against power surges and ensure uninterrupted operation, is important. Furthermore, regular servicing of the equipment is important to keep it in healthy and effective working condition.

Smart homes represent a significant shift towards sustainable and efficient living driven by technological innovation. By carefully selecting devices that meet individual demands while embracing advances in smart home technology, homeowners can truly optimize their living spaces for the future. Although managing a smart home may seem a bit laborious, the benefits in terms of security and convenience far outweigh the effort. Smart homes improve daily life with automated functions, saving both time and money in the long run and making them a worthwhile investment.

The author is executive chairman of the residential business of Embassy Group.