Panelists……………….

Tie Event

Sustainable Apartments

Apartment sale process

Builder is Boss Buyer has no say

Owners Make an Association to take on builder

Sustainable Apartments

• Historical view and Birth Pains of apartments

– Apartments were originally built to mitigate the cost and availability of land

• Now the reasons are moving –security- company-ease of maintenance-etc

– Typically no owner is involved in building stage

– Associations are formed after the apartments are made- Like fellow passengers in long distance trains

Clash of Titans

• Two Animals Builder and Individuals

• Transforms to Builders and Associations

Birthing problems and Living Objectives

• Builder gets benefitted by Low Cost

• Associations have to pay for all inefficiencies

• Savings do not start from ground zero

– They start from Minus one

• Individual homes V/s Flats

– Incentive to save Capex for Father

– Incentive to save Opex for Son

Possible directions

• Involvement at construction stage – Difficult

• Legislation on efficient building – Difficult

• Economic consideration – relatively easy

– With low Capex –relatively easier

– With No Capex easiest

• Generating awareness

• Incentivising efficiency – may be tax breaks etc