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SMART CITIES AND REAL ESTATE- TOGETHER TOWARDS A SMARTER INDIA!

  

Technology driving the Real estate 

Smart cities are not a unique concept but what is quite impressive here is that any business you pick is going to be significantly influenced by a smart city project. In other words, most industries are at the drawing end of the consequences of a planned smart city. Nevertheless, there are a few industries, like real-estate, that affect the development of smart-cities as much as the other way around. A smart city is dynamic and sustainable; in terms of infrastructure, data connectivity, connectivity, etc. And real estate plays a focal role in making a smart city, smart. 



Sustainable houses are the need of the hour, and a smart city infrastructure would mean the most effective waste management systems, minimum spending of perishable resources, recycling, smarter administration of services, and careful use of infrastructure. All of this while each and every device would be connected in real-time optimizing itself and creating humungous amounts of data for analysis and troubleshooting. How will real estate keep up? 

Well, the Real-Estate industry has already taken several steps in this inclination. But as much as the RE industry is changing the shapes of smart cities, the cities are reconstructing the way we work and construct. 

Here are some of the most important changes brought about in the residential real estate industry- 

The impact of data- 

The growing availability of data makes sure that the developer has better knowledge about the project, neighborhood, water-levels, and other surroundings. This will make for many better-designed projects, a scientific way to site selection, and a smarter design that is inclusive of all parameters associated. There can be data collected about the underground water level and soil qualities, the number of footfalls in the past in that particular area, and any possible weaknesses of the site that the constructor or the client should be aware of. 

Growth beyond tier I cities- 

As part of this smart city revolution, our Congress has taken up other enterprises too like building Industrial Corridors connecting cities in order to improve connectivity and transport of materials and finished products. This enables developers like us to have access to cost-effective raw materials and also opens plenty of doors to the development of tier 2 and tier 3 cities as a lot of industrial growth shifts to those cities. The paucity of lands in metros has already been quite an issue, and we needed new boundaries to explore. 

Get smarter with technologies- 

An inescapable yet effective by-product of these initiatives is the overall presentation to technologies like the Internet of Things (IoT), Artificial Intelligence (AI), Machine Learning (ML), and even Virtual Reality (VR) as well as Augmented Reality (AR). Developers will make investments in AI for better lead generations, adjust ourselves with various data centers, and move to a more modern way of managing the business. At the same time, undergoing projects, the inclusion of VR games, etc. helps us in duplicating our vision of the project to the customers’. Further-more, the latter part is already in full play as we speak.

 



A big step towards sustainable construction- 

Smart cities also mean better water & traffic management, reducing space utilization while maximizing practices which is actually a choice today for developers. Smart cities will require smarter constructions as investors become more aware of the entanglements of their way of living. This also further boils down to the use of raw materials, the use of transport, materials used for construction, and methods disposed of. In terms of the final buildings, smart ones will need to be energy-efficient and self-sustainable. 

 

We at Shree Balaji Group are accustomed to providing nothing but the best to our customers. Luxury, Location & Convenience at your doorstep. If you belong to those who have a luxury niche, the life that will suit you, you can check out the premium luxury apartments in Vadodara|Mehsana|Ahmedabad by the one and only Shree Balaji Group. 

 

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