NEWS

Builders turn to IoT, Artificial Intelligence to woo home buyers

October 08, 2018

Internet of Things (IoT) and Artificial Intelligence (AI) are no longer just buzzwords even for real estate developers as they are increasingly deploying these in addition to home automation in a bid to catch fancy of buyers.

Developers are warming up 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 huge reduction in technology and deployment costs, more developers are opting for such products. Platforms that use cloud-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 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.

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Source:magicbricks.com