In this era where you can do the chores on the click of a button, everything has become easier in its advanced virtual form. And so home technology is also smarter than ever. The ultra-rich who can afford a more convenient lifestyle with the help of technology prefer to live in a home that offers all such advantages. Smart Homes can comprehensively perform all functions of the house integrated to a common interface device which may be a laptop, tablet or even a smartphone. The demand for smart homes is rapidly rising in the market given the conveniently modern lifestyle they offer.
A survey was conducted by AZ Research Partners, Bangalore on behalf of Schneider Electrics India among the buyers as well as builders of premium residential complexes starting from 50 Lakh to 5 Crore and above. The research concluded that the smart homes market in India is going to double in revenue every three years. A year-on-year growth of 30% is expected in the market. The high level of awareness among the people of metros and upper-end segments of tier II cities has led to such tremendous growth in the sector. [Read more…]