The integration of technological advancements into the traditional value of owning a house has created new living spaces, giving a makeover to real estate from sprawling buildings to smart homes. Making a residence more responsive, efficient, comfortable and secure via a smartphone or computer with the help of cutting-edge technology, digitalization has reimagined the essence of real estate and luxury living in India. Smart homes, equipped with IoT devices to automate domestic tasks, have made life easier and more convenient & connected.
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According to a joint report by Resurgent India and NAREDCO, the smart homes market in India is estimated to surge by 9.14% from 2024 to 2028, clocking a market volume of $9.2 million. The anticipated growing market of smart homes is driven by several factors such as rapid urbanization, rising disposable income, robust technological advancements, and changing consumer preference. This apart, government initiatives and the rise of smart cities are also playing pivotal for soaring of the market across India, including Delhi-NCR.
The evolution of smart home technologies has transformed from basic automation to sophisticated integrated systems incorporating AI, IoT, and voice control. This move has overwhelmingly impacted everyday living, introducing smart appliances, advanced security systems, and energy management solutions that enhance convenience, security, and energy efficiency. In Delhi-NCR, especially Gurugram, consumer attitudes towards smart home technologies are increasingly positive, as they want to live with convenience and secure lifestyle. Recent trends in smart home innovations focus on affordability and improving user experience, making advanced technologies more accessible to a broader audience.
Commenting on the same, Ashish Sharma, AVP operations, Brahma Group, says, “The rise of smart homes, expected to grow by 9.14% from 2024 to 2028, reflects a paradigm shift in urban living where technology blends convenience and mobility with Gurugram’s thriving green building sector. This is expected to increase by 2025, emphasizing the strong commitment to achieving environmentally sustainable development. In addition, these technologies are energy and water efficient and increase indoor air quality and property values. Besides, as green buildings are on the rise in Gurugram, it exemplifies India’s shift towards sustainable construction practices. Furthermore, Gurugram’s emergence as a global smart home hub shows rapid urbanization and technology adoption. With ongoing innovation, we are witnessing tremendous growth and transformational impact, driving the growth of smart and green urban infrastructure in the coming years.”
As per the report, the green buildings market is gaining prominence and becoming a larger player of new development in India’s real estate, which is likely to contribute $39 billion by 2025
The green buildings may create a market worth $11 billion in the commercial segment, while $28 billion in the residential real estate.
It vividly shows that property buyers are keen on sustainability and green lifestyle. The skyline of Gurugram heralds that people have embraced sustainable practices and have a penchant for green buildings characterized by eco-friendly materials, waste management, and energy-efficient designs.
