India's real estate market is undergoing a significant transformation, marked by the rise of smart cities and AI-driven homes.
Smart CitiesAidriven HomesReal EstateSustainable LivingTechnologyReal EstateOct 11, 2024
The Smart Cities Mission is a government initiative launched in 2015 to develop 100 cities across India into smart cities. These cities will be equipped with advanced infrastructure and technology to improve the quality of life for residents.
Smart homes use AI and IoT to automate various household tasks, enhance security, and improve energy efficiency. Devices like smart thermostats, security systems, and home assistants can be controlled and monitored remotely, making daily life more convenient and sustainable.
Smart cities offer numerous benefits, including improved traffic management, efficient waste disposal, enhanced public services, and a more sustainable living environment. They use technology to address urban challenges and improve the quality of life for residents.
The challenges include data privacy and security concerns, the digital divide, and the need for robust infrastructure. It is essential to address these issues to ensure that the benefits of smart cities and AI-driven homes are accessible and inclusive for all.
Smart homes can optimize the use of resources such as water and electricity, reducing the environmental impact of households. For example, smart irrigation systems can water gardens only when necessary, and smart thermostats can adjust temperatures to save energy.
Former Chief Secretary Manoj Saunik has been appointed as the Chairman of Maharashtra Real Estate Regulatory Authority, succeeding Ajit Mehta.
The government has proposed significant relief for taxpayers in terms of capital gains tax on real estate properties, giving them the option of paying a 20% tax rate with indexation or a 12.5% tax rate without indexation.
A 72-year-old real estate developer was duped of ₹4 crore and 3.5kg gold by a wanted real estate agent, who promised him a vacant plot in Worli for development.
The fund, Sundaram Alternative Opportunities Series – High Yield Secured Real Estate Fund IV, has a total corpus of Rs 1,500 crore and is 70% deployed. This significant investment underscores the growing interest in the real estate sector.
A leading figure in the Mumbai real estate industry has urged the Lodha brothers to resolve their ongoing dispute amicably, drawing a parallel to the Raheja family's successful resolution of a similar conflict.
Banks, property, real estate, market, construction. Bhopal has witnessed a significant surge in housing sales, reaching 3,565 units in 2024, a 10% increase from the previous year, with a total value of Rs 2,344 crore.