Wave Group to invest Rs 10 crore in AI tech for Wave City project in Delhi-NCR
Real estate developer Wave Group's said that will invest Rs 10 crore in Artificial Intelligence (AI) technology for its Wave City project in-Delhi NCR. The company aims to make these investments in the next three years.
It wants to develop the region's first Hi-tech Operational Smart City with an aim to establish new standards for sustainable living, affordability, and cutting-edge services, all powered by advanced AI-managed systems. The key AI-powered features to be introduced in Wave City include an Intelligent Traffic Management System, which ensures efficient traffic control based on volume by utilizing location tracking on buses and video analytics.
Other features include ATM theft detection, Forensic Identification, Parking Management. Additionally, the deployment of 'Smart Dustbins' equipped with infrared sensors and GSM devices will help in timely garbage clearance, promoting cleanliness and hygiene as part of the 'Swachh Bharat Campaign.' Wave City also plans top-end security with 500 guards, CCTV cameras, and an ANPR system for reading and scanning car number plates.
«In this age of tectonic technology advancement and diverse choices, India's real estate has witnessed a huge and encouraging response from investors, including young and mid-career professionals who are digital natives. These homebuyers are hands-on with technology and are very aware of the global tech trends in the real estate business,» said CJ Singh, Chief Operating Officer, Wave City.
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