Ambience Group Promoter Reviews 2024 Trends in Delhi NCR's Residential Real Estate Sector



In 2024, various trends are expected to significantly impact the residential real estate market in India. The year looks promising, hinting at a return to the pre-pandemic market conditions of 2019. Predictions indicate that inventory levels and the percentage of first-time home buyers may revert to those earlier norms.


The Promoter of Ambience Group Promoter explains, "The pandemic has changed priorities, making comfort, safety, and overall well-being more important. This shift has increased the demand for smart homes, which include automated systems for lighting and security, as well as AI-driven amenities. These smart features reflect the changing needs and desires of today's homeowners."

A major trend for 2024 is the rise of smart homes. "Technology integration in homes is no longer a luxury; it's an expectation," says the Ambience Group Promoter. The combination of technology and real estate, known as PropTech, is driving innovation in the industry. Virtual and augmented reality are transforming property exploration, allowing buyers and tenants to tour properties remotely with immersive experiences. Meanwhile, artificial intelligence (AI) is enhancing market predictions and property valuations by analyzing data more accurately.

Blockchain technology is also gaining traction, promising greater transparency and security in real estate transactions. Smart building technologies using the Internet of Things (IoT) are becoming more common, providing benefits like energy efficiency, automated maintenance, and increased security in both residential and commercial properties. "The upcoming use of 3D printing in construction could revolutionize building processes, making construction cheaper and faster," adds the Ambience Group Promoter. These technological advancements are reshaping the real estate market, leading to more efficiency, sustainable practices, and better user experiences.

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