IoT, AI, and smart building solutions are revolutionizing real estate: Experts at CII REBT Conference
"India’s rapid urbanization and economic expansion present significant opportunities for collaboration in green buildings, smart urban planning, and digital solutions," said H.E. Mr Kimmo Lähdevirta, Ambassador of Finland to India at the conference on real estate and building technology organised by CII at Bharat Mandapam, New Delhi. Finnish companies are playing a key role in India's transformation through energy-efficient infrastructure, modular construction, and smart water management, he added.
Mr Anshuman Magazine, Chairman, CII National Committee on Urban Development and Housing and Chairman & CEO, CBRE - India, Southeast Asia, Middle East & Africa, underscored India's rapid urbanization and the unprecedented scale of real estate development, spanning residential, commercial, logistics, and infrastructure projects. “The pace of construction in India is unparalleled, with ongoing developments in smart cities, industrial parks, and data centers," he said, adding that AI and construction technology will be key enablers in scaling up sustainable and cost-efficient infrastructure.
The real estate sector contributing over 7% to the GDP, projected to become a $1 trillion market by 2030, said Mr Amit Gossain, Chairman, REBT Show and Managing Director, KONE Elevators – India and South Asia. He stressed the role of technology and sustainability in shaping the sector. "IoT, AI, and smart building solutions are revolutionizing real estate, ensuring energy efficiency, security, and data-driven decision-making," he added.
Dr Shailesh Aggarwal, Executive Director, BMTPC, stressed upon the transformative role of off-site construction in boosting efficiency and sustainability in real estate. He said that off-site modular construction is key to reducing construction time, waste, and environmental impact.
The Conference on Real Estate & Building Technology was part of the Real Estate & Building Technology Show (REBT Show), bringing together industry leaders, policymakers, and experts to discuss the future of real estate and construction in India.
The 5th edition of REBT Show 2025 is being organised concurrently with CII's biennial flagship multi-sector industry event, the 26th International Engineering and Technology Fair (IETF 2025). IETF 2025 is a premier international platform, that showcases cutting-edge advancements across multiple industries, including engineering, infrastructure, and technology.
During the event, CII, in collaboration with Cushman & Wakefield, released the report on Indian Real Estate 2030: Technology, Sustainability, and Growth, providing insights into the sector's future. The report covers the growing role of AI, IoT, and digital twins, along with the shift towards green buildings and net-zero energy structures. The report also examines the impact of smart technologies and sustainability-focused policies in driving efficiency and growth.
20th February,
New Delhi