Startups are bringing IoT and AI to real-estate | real estate | Hindustan Times
Imagine a home that sends you a text message if the gas pipe is leaking or when your fridge is out of milk. Imagine waking up to your go-to playlist streaming on your home music system automatically.
Imagine zeroing in on a neighbourhood to buy a home and being able to look at price trends and your payment plans for them on your phone. As real-estate starts to incorporate Internet of Things (IoT), artificial intelligence (AI), chatbots and blockchain, the buying, selling and actually living in homes promises to be more efficient, safer and better controlled.
New tech start-ups are aiming to reduce tedious and time-consuming tasks that buyers and brokers did. Instead of manually shortlisting homes, you can create a virtual wishlist of homes in your budget. It’s now possible to liquidate your assets in real time. Even the running of the home can be smoother.
Ramamurthy (goes by one name), 50, a mechanical engineer from Bengaluru has lived in a smart home for a few months. He says the use of water and electricity has reduced by at least 40%. “I can turn off a running tap by pressing keys on my smartphone,” he says. “I can also check how my real-estate assets across the country are performing on a mobile app.”