Unlocking India’s Future: Smart Homes and Green Buildings

India is on the brink of a transformative shift towards smarter, greener living spaces. By 2028, the Smart Homes Market is projected to soar by 9.14%, reaching a substantial USD 9.2 billion.

This growth is fueled by the integration of IoT devices, which promise enhanced security, energy efficiency, and unprecedented convenience in our homes. Imagine homes that anticipate your needs and optimize energy usage automatically—this is the future that startups in smart home technology are bringing to life.

At the same time, India’s Green Buildings Market is set to skyrocket to USD 39 billion by 2025. This surge reflects a nationwide commitment to sustainable construction practices. From innovative technologies like cool roofs and geothermal heating to the widespread adoption of solar power and energy-efficient appliances, green buildings are becoming the cornerstone of new developments across the country.

The recent white paper "Pathways to Sustainable Living & Building Practices" unveiled at the prestigious 3rd NAREDCO Mahi Convention 2024, outlines these transformative trends. It predicts that commercial green buildings alone will generate USD 11 billion, with residential projects contributing a staggering USD 28 billion to this burgeoning market.

Dr. Ananta Singh Raghuvanshi, President of NAREDCO Mahi, highlights the real estate sector shift towards sustainability. Prop Tech startups are spearheading this movement with AI and IoT- powered solutions that optimize energy management, improving building efficiency and cutting energy use by up to 20% in commercial complexes.

India’s urban population is set to reach 600 million by 2031, driving higher demand for smart city solutions and advanced real estate technologies. This surge will spur innovation, transforming urban living and work environments significantly.

Join us in shaping a smarter, greener future where every building contributes to a brighter tomorrow.