A recent report by Resurgent India and Naredco projects that India’s smart homes market is set to experience significant growth, with an anticipated increase of 9.14% from 2024 to 2028. This upward trajectory will culminate in a market volume of approximately $9.2 billion. The robust growth is attributed to a confluence of factors, including rapid urbanisation, rising disposable incomes, and notable technological advancements. As urban centres expand and modernise, the demand for innovative smart home solutions becomes increasingly pronounced.
Government initiatives aimed at developing smart cities play a crucial role in propelling this market expansion, particularly in metropolitan areas like Delhi-NCR. The evolution of smart home technologies has transcended basic automation, integrating advanced systems utilising Artificial Intelligence (AI), Internet of Things (IoT), and voice control capabilities. These cutting-edge innovations have transformed daily living, introducing smart appliances, advanced security frameworks, and energy management solutions that enhance overall convenience, safety, and efficiency for residents.
In regions such as Gurugram, there is a palpable shift in consumer preferences towards these smart technologies, driven by a collective desire for heightened convenience and security. This trend dovetails with the increasing emphasis on green buildings, which are gaining traction across India’s real estate landscape. By 2025, the green buildings market is projected to burgeon, potentially reaching $39 billion, with commercial segments estimated at $11 billion and residential developments at $28 billion. A spokesperson from Brahma Group notes, “The rise of smart homes reflects a paradigm shift in urban living, combining convenience with sustainability. Gurugram’s green building sector exemplifies India’s commitment to eco-friendly development, integrating energy-efficient designs and enhancing property values.”
