Smart homes, still in its infancy in the country are the result of the demand of home buyers’ exposure to cultures. Industry insiders point at the pool of IT/ITes employed sections and especially those in the senior rung form the target audience for such mechanized homes. These are a means for those whose professions involve high levels of stress. The comforts, enablement and security that smart homes offer are a means to relax and generate more time to spend with their families.

However, the buying pool is not restricted to the software crowd. The target audience has expanded a lot and includes a larger section of gadget-conscious younger generation of home buyers with a well-defined yen for automated homes. These are generally those buyers who fall in the age group of 29-40 and regardless of career orientation; they are upwardly mobile, highly aspirational and eminently qualified for home loans and the real estate industry never fails to charm these home buyers.

In Bengaluru, the hub of technology, customised homes are also increasingly trending. Buyers have the liberty to choose their interiors, layouts, fittings and furnishings and even added amenities although at a premium

Smart homes offer technological features wherein home owners can operate almost anything in their homes (including lights, air conditioners, security systems, curtains and blinds) with just a click!  Many Indian cities have been migrating slowly from regular homes to designer spaces and as disposable incomes increase, ‘smart’ is the new way.

These homes are still within the luxury segment and confined to high-end localities where capital values are high. Even properties in the secondary market go in for a thorough renovation and improve the quality of housing by fitting in electronic functionalities so that before a hazard- fire or otherwise, you are aware of the disaster within seconds through Internet of things (IoT).

Areas such as Koregaon Park and its vicinity where there is influx of NRI crowd and expat population are the ones that boast a few smart homes with high-end amenities. As for the newer areas, demand is restricted to regular flats mostly. However, developers are not wary of venturing into giving an option of customized homes.

Source : TOI