‘Smart homes are becoming more affordable, accessible’

The Indian home automation market is expected to cross Rs 30,000 crore by the end of 2022. With the explosion of the internet, Internet of Things (IOT), the concept of Smart Homes or technology-enabled homes is one of the most significant innovations in the real estate market and it will drive the future.

In its initial phase smart homes in Indian real estate market could predominantly be seen in the luxury segment. But today even the mid-segment homes are equipped with smart home features. This is mainly because of two reasons: the quick rise in internet penetration and the affordability of smart devices.

Most people have a perception that smart living is not affordable. However, this is changing. Some futuristic smart-trend along with burgeoning aspiration of customers, have seen the advent of smart homes in the premium affordable category. Detecting a gas leakage or sustainable lightings are now a benchmark to start with. With lights now turning off with a simple voice command and window shades rising up or being drawn down automatically with the sun,” smart is the way forward”

Energy and Cost Saving: With designers and builders now being more conscious about sustainable development, some solution are in line with these and also economical for more people to be able to access these technologies. Some energy saving devices include solutions to turn off any appliance remotely ensuring optimum utilisation; wifi enabled smart lights and smoke alarms. Automatic switching off of lights, geysers are some of the other energy saving devices which add to the list.

Smart is without a doubt the primary way to build homes now. According to industry estimates, the Indian smart home market is currently valued at about $893 million; and expected to grow by leaps and bounds in the next five years showing a penetration of 9.5 per cent of homes by 2023 compared to 0.8 per cent in 2018.

Some recently launched residential projects in the country have already started offering smart home packages in urban homes. So, apart from broadband connections and affordability, other factors that will drive smart growth are infrastructure, local content and interoperability. This is an exciting time for consumers, builders and smart device providers who can look ahead to power Indian homes with comfort and convenience. The author is president of

CREDAI Bangalore