Rise in demand for smart homes post-Covid-19
Hakim Lakdawala, group promoter, Goodwill Developers, says that using technologies is the only way to curb the pandemic
The current pandemic is expected to have a lasting impact on the way we live, study, work, socialize, and take care of ourselves and our loved ones. As a result, consumers have begun to imagine what the post-COVID-19 landscape might look like, especially with regards to home arrangements and everyday necessities.
Since COVID-19 can spread between people via commonly touched surfaces, smart homes and smart technologies can potentially minimize the impact of the virus. This is especially true for innovations that reduce human-to-human contact, automate processes, and increase productivity amid social distancing.
A technology that can help eliminate the need of touching such items is IOT. It can help prevent diseases like COVID-19 by eliminating the need to touch items to operate them in various scenarios, be it at home or at workplace. Realtors are adopting such practises and have started to plan out IOT enabled homes which will minimize human contact. Work from home is the new normal for many and homeowners will be on the lookout for a property that effortlessly accommodates business needs.
Realtors will also be focusing on security services and smart solutions for homebuyers. Voice-controlled electronics decrease the amount of high-touch surfaces in people’s households. This includes TVs, lights, thermostats, speakers, and more. Sensor based taps and flushes will be of use to avoid surface touch.
For real estate players, the reasons increase the marketability of the products while banking on newer technologies to create an innovative ecosystem within the homes. Moreover, factors such as improved lifestyle increase in disposable income of people and surge in awareness about automated systems that shall help minimize human touch will boost the adoption of smart home devices, in turn driving the smart home market growth in India.
The demand for residential real estate should show signs of pick-up in 3 to 4 months once the pandemic settles, and buyers will prefer smart homes and integrated townships in the post-COVID-19 world, according to the recent research paper. In short, customers are actively looking for a problem-free all-in-one approach which enables them to focus on their priorities at their convenience and help strike a work-life balance.