A recent survey by Schneider Electric has found that 78 % of customers with a budget of 50 lakhs and above , desire to purchase a smart home. Advantages of loT such as enhanced home security features , ability to carefully monitor energy resources , make it a valuable proposition to all categories of home buyers , ranging from aspirational millennials to risk averse
middle - aged consumers .
The smart home market is growing at the rate of 30 percent every year. Even middle income consumers in semi - urban regions are showing great interest in smart tech solutions . IOTIQ's Smart Home solutions along with lot building management leverages the real estate developer to disrupt his market and differentiate himself when competing with rivals in this
cut - throat competitive market .
IOTIQ's smart home solution includes automating electrical appliances at home , letting users control them using a mobile app , scheduling and timing appliances as well as using voice assistants like Google Assistant / Amazon Alexa . With appropriate workflows based on their usage patterns , IOTIQ devices users can save up to 10-20 % of their electricity bills . This saving can be achieved at a price that is less than 0.5 % of the total cost of home purchase which will be a potential attraction for all home owners .
The entire range of IOTIQ products can be integrated into a building at any stage of development without making any changes to the existing infrastructure . This means that even a fully constructed apartment building can be refurbished into a smart building without incurring huge labour costs . Realtors can add significant value to their unsold inventory by adding smart home capabilities to them , leading to renewed interest among prospective customers .
