Smart Real-es­tate

Tech­nol­ogy driven homes are no longer just a mat­ter of lux­ury but are be­com­ing an es­sen­tial part of ur­ban liv­ing. Realty Plus ex­am­ines the plethora of tech­nol­ogy prod­ucts avail­able for the tech-savvy real-es­tate as well as the chal­lenges of the seg­ment.

Realty Plus - - Table Of Content -

As the world gets in­creas­ingly in­ter­con­nected and tech­no­log­i­cally ad­vanced, the per­sonal lives too are get­ting mech­a­niza­tion driven. Cater­ing to this de­mand of home­own­ers for se­cu­rity and home au­toma­tion, there is a del­uge of com­pa­nies, es­tab­lished as well new­bies that are of­fer­ing rel­e­vant ser­vices and prod­ucts. Al­ter­na­tively, real-es­tate de­vel­op­ers can now opt to in­clude home au­toma­tion from ground up or of­fer buy­ers a "pack­age" op­tion, thus pro­vid­ing value to cus­tomers while min­i­miz­ing cap­i­tal lock-in. Su­mit Vir­mani, CEO, Parametrique Elec­tron­ics So­lu­tions Pvt Ltd, a Delhi- NCR based in­te­grated home au­toma­tion so­lu­tions provider briefs, “The realestate cus­tomer to­day prefers value ad­di­tions like high speed in­ter­net con­nec­tiv­ity, home au­toma­tion and safety & se­cu­rity fea­tures in the project. The de­vel­op­ers real­iz­ing this de­mand are equip­ping their prop­er­ties with fi­bre-op­tic ca­bling, video door phones, high def­i­ni­tion se­cu­rity cam­eras and in­te­grated build­ing man­age­ment sys­tems, among oth­ers.” As rightly pointed out by Vir­mani, the per­ceived value of a res­i­den­tial project is no longer based only on fac­tors such as the lo­ca­tion, fa­cil­i­ties and de­sign. The home­buyer de­sires a life­style. De­vel­op­ers too are in­clin­ing to­wards cre­at­ing a USP for their project by in­clud­ing au­toma­tion prod­ucts and ser­vices. But, the chal­lenge fac­ing the de­vel­op­ers is find­ing the ro­bust, scal­able and long last­ing au­toma­tion prod­ucts, spe­cial­ized ven­dor and cost-ef­fec­tive ser­vice main­te­nance over the years. “When we started the com­pany about 4 years back, first as­pect that we no­ticed was the deficit of in­te­grated so­lu­tions. De­vel­op­ers were deal­ing with ven­dor com­pa­nies that did not have tech­nol­ogy spe­cial­iza­tion or lacked trained man­power,” added Vir­mani.

the so­lu­tions

Tra­di­tion­ally, home au­toma­tion sys­tems were seen as com­plex and ex­pen­sive, but this is no longer the case. Some of the so­lu­tions be­ing im­ple­mented by de­vel­op­ers in­clude: • Smart Me­ter­ing • Op­ti­cal Net­work for high in­ter­net band­width • Video Sur­veil­lance Sys­tems • Some De­tec­tion Sys­tems • HVAC and Light­ing con­trols • Wire­less con­nected house­hold elec­tronic de­vices • Re­motely con­trolled win­dows & doors Talk­ing about the cor­rect im­ple­men­ta­tion of tech­nol­ogy Vir­mani ex­plains, “En­gag­ing a spe­cial­ized au­toma­tion provider right at the plan­ning stage is crit­i­cal in get­ting the ba­sic tech­nol­ogy in­fra­struc­ture in place and keep­ing the costs down. For in­stance, the fi­bre op­tic ca­bles are laid out dur­ing the elec­tri­cal works and are pre-de­cided along with the de­vel­oper, if the same are to be con­nected at each floor level or to in­di­vid­ual hous­ing unit. Also, it is ad­vis­able to keep at least the next 3-4 years re­quire­ments of res­i­dents while pro­vid­ing au­toma­tion in a project. The home au­toma­tion should be scal­able and third party com­pat­i­ble. Fur­ther­more, an­nual main­te­nance by the ven­dor adds to the life-cy­cle of the au­toma­tion prod­ucts. ” Real-es­tate sec­tor in In­dia is evolv­ing and fast adopt­ing global tech­nolo­gies. Go­ing for­ward, home au­toma­tion will be con­sid­ered the ba­sic fea­ture of any project as it will drive the smart con­nected com­mu­ni­ties and en­ergy man­age­ment for sus­tain­able de­vel­op­ments. Prop­erty de­vel­op­ers are over­com­ing the learn­ing curve and the au­toma­tion prod­ucts are be­com­ing far more stan­dard­ised, ro­bust and price com­pet­i­tive, re­sult­ing in greater value, lower cost and a more mar­ketable devel­op­ment projects.

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