Yugen Infra: Smart & Green Construction & AI Technology in Real Estate
Sustainable construction practices and materials, and technological advancements in real estate are gaining traction, reflecting a broader commitment to environmental stewardship and resilience in the face of climate change.
Sheeshram Yadav - Managing Director, Yugen Infra
As urbanization accelerates across the globe, the real estate industry faces the dual challenge of meeting growing demand while reducing its environmental footprint. Technological advancements in PropTech are at the forefront of addressing this challenge, particularly in the Asia Pacific region. With AI-driven tools enhancing site planning, IoT improving facilities management, and new digital platforms streamlining property transactions, developers are finding ways to boost efficiency and productivity. Here are some ways real estate transforms with technological advancements that are promoting productivity, efficiency, and sustainability.
Smart building systems: One such innovation is the development of smart building systems, whose global market is projected to exceed $500 billion by 2032, underscoring their growing importance in the real estate sector. These systems integrate various building-wide functionalities into a single IT-enabled infrastructure, significantly enhancing operational efficiency and reducing energy consumption. By using digital technologies to converge heating, ventilation, air conditioning, lighting, and security systems, smart buildings not only improve user comfort and safety but also contribute to energy savings.
Renewable energy: This technology plays a crucial role in driving sustainability in real estate. Solar panels, wind turbines, and geothermal heating systems in building design are becoming increasingly common. These renewable energy sources not only reduce the reliance on fossil fuels but also lower the operational costs for property owners. For instance, solar panels can significantly reduce electricity bills, while geothermal systems provide an efficient way to heat and cool buildings. These technologies help mitigate the environmental impact of real estate developments and support global efforts to combat climate change.
Green construction: When it comes to sustainable construction, green construction technologies are gaining prominence. Among these, cellulose insulation is a cost-effective and eco-friendly alternative to traditional materials. Composed of 75-80% recycled content, such as newspapers, cellulose insulation not only reduces waste but also offers superior thermal and acoustic performance.
Another promising innovation is the development of materials capable of carbon capture and storage (CCS). By integrating CO2-absorbing substances into construction materials like concrete, the industry can significantly reduce its carbon footprint. Furthermore, the use of renewable resources such as bamboo, hemp, and mycelium in building materials offers a sustainable alternative to conventional options, greatly reducing the environmental impact of construction activities.
AI-powered tools: The integration of AI-powered tools is enhancing building performance and promoting sustainability. AI-driven energy auditing tools analyze consumption patterns and suggest energy-efficient upgrades, helping building owners save on costs and reduce their carbon footprint. AI is also being used in site planning with the aim of optimizing the layout and orientation of buildings to maximize natural light and ventilation, thereby reducing energy needs.
As the real estate sector evolves, adopting these innovative technologies is essential for creating a more sustainable and efficient industry, paving the way for a greener, more efficient future.
NBM&CW - July 2024
