We may wake up in homes that have adjusted the lighting and temperature to match our preferences, brewed our coffee, and even ordered groceries based on our consumption patterns. By 2047, we may expect to see IoT fully integrated into several homes, transforming them into intelligent living spaces. It is steadily becoming a part of our homes, work, shopping centres, parking lots, etc., especially post Covid. The Internet of Things (IoT) has almost miraculously changed the way we live and function today. Coworking spaces integrated within residential complexes will further blur the lines between work and leisure, fostering a holistic lifestyle. These spaces will cater to the needs of young professionals and digital nomads who seek not just a place to live, but a vibrant community and networking opportunities. Coliving communities, which have already gained traction in recent years, will flourish. India’s commitment to renewable energy sources will have a significant influence on shaping the housing sector of 2047.Īs the nature of work evolves, so too will the concept of living and working spaces. Solar panels, rainwater harvesting systems, and energy-efficient appliances will be standard features in homes across the country. Sustainable materials and green building practices will be ubiquitous, not only for environmental reasons but also due to the cost savings they offer in the long run. The battle against climate change will have a profound impact on housing design and construction. This middle class will thus be the key to drive the housing market in the near future. This expansion of the middle class in terms of population thus has a direct corelation to the boom in real estate because with disposable income growing in their hands, most of these people aspire to have a home of their own. It is expected to cross 38% by 2031 and over 47% by 2047. It has risen annually at nearly 6.3% between 19 and currently represents almost 31% of the overall Indian population. The Indian middle class is its fastest growing demographic in both percentage and absolute terms. Smart city concepts will be fully realized, with integrated technology systems optimizing everything from waste management to transportation. Green infrastructure, vertical gardens, and energy-efficient skyscrapers are likely to become the norm. The rise of megacities is inevitable, and urban planners are faced with the challenge of ensuring sustainable and liveable environments for millions. India is already the world’s most populous country, and by 2047, a substantial portion of its population will reside in urban areas.
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