The harsh reality of the market today can become a catalyst to drive innovation. Developers, builders and manufacturers alike are looking for ways to not only sustain business, but growth. Though there is much speculation on how to achieve such sustainable business, many have contemplated going the way of cost-effective measures, both front and back end, passing savings onto consumers. The other, is to deliver innovative new technologies that few can compete against, that eventually finds itself a necessity.
This paper further looks at possible benefits, ways smart cities can change our lifestyle and possible opportunities and risk involved. Additionally there is an interview with Ayesha Khanna she did with McKinsey Quarterly which she further discusses smart cities and sites already in development.
Sherwin L. Sucaldito, REALTOR®, GREEN, ABR, CRPM
The Institute of Luxury Home Marketing
Green REsource Council, GREEN
Accredited Buyer’s Representative , ABR
Certified Residential Property Manager, CRPM