Residential buildings consume significant energy and play a key role in increasing demand all over the world. The major sources of energy consumption in buildings are heating, ventilation and air conditioning (HVAC) system, lighting and plug loads. The concerns have been raised over balancing the demand and supply, occupants comfort and rapid depletion of energy resources. Therefore, an efficient utilization of energy is an essential component in buildings to cope with these challenges. In this work, an extensive survey is carried out on state-of-the-art work for occupants comfort management and efficient energy utilization. The main areas under consideration include indoor environmental comfort, energy optimization, computational algorithms , control strategies, energy consumption sectors, energy sources and simulation tools. Index Terms-Energy Efficient Buildings, Smart Grid, Smart Buildings I. BACKGROUND With an exponential increase in utilization of energy resources , the world's primary energy resources are at the brink of depletion. Buildings sector consume up to 40% of total energy in developed countries [1] and responsible for 30% of CO 2 emissions. Heating, ventilation and air conditioning (HVAC) systems are the major sources of energy consumption in buildings. The emissions of CO 2 , the dearth of energy resources and economic concerns demanding an efficient utilization of buildings' energy with an optimal control of occupants' comfort. People usually spend about 90% of their time in buildings. The primary objective of building energy and comfort management (BECM) system is to achieve and maintain occupants' indoor environmental comfort while alleviating the use of energy at the time of building operations. Indoor comfort is the key component in buildings so as to preserve occupants' health, productivity, working efficiency and gratification. Generally, indoor environmental comfort parameters: thermal, visual, plug loads, air quality and humidity are considered in BECM systems. Thermal comfort is a state of mind in which occupants' satisfaction with respect to thermal environment is expressed [2]. The transfer of heat between human body and its surrounding significantly affects the degree of thermal comfort. Visual Comfort is the measure of maintaining desired illuminance level inside a specific zone. Whereas, plug loads are the end-use energy utilizing devices other than HVAC and lightning loads [3]. Pollution-free air and presence of water vapours in indoor environment are also the metrics of occupants' comfort. Authors in [4] investigated dynamic and adaptive models for energy optimization. Besides dynamicity, consumers' satisfaction is also analyzed. Results of the survey demonstrate that 40% of energy can be saved for both HVAC and lightening control loads. Moreover, significant attention is given to user preferred control as well as occupancy based control. By utilizing the modern information and communication technologies , the proposed model is more reliable and computationally efficient. In [5], indoor environmental comfort parameters of building along with energy conservation are reviewed at large scale. Computational algorithms are widely demonstrated so as to optimize the performance of buildings. Moreover, various control mechanisms and simulations tools are discussed in detail. II. OPTIMIZATION OBJECTIVES Authors in [6] mainly focus on the operation of HVAC, as it directly affects consumers productivity and indirectly affects energy conservation. The main purpose of the proposed work is to optimize the energy consumption and occupants' thermal comfort. In [7], Christos et al. developed a concept of grid connected microgrids which mainly depend on photovoltaic source. The ultimate objective of the presented model is the minimization of energy consumption cost and thermal comfort of consumers. The cost is minimized by utilizing maximum renewable energy and minimum grid energy, moreover optimal control of thermal load based on occupancy pattern reduces significant energy consumption cost. A model comprises of peak demand reduction and short-term energy prediction is presented in [8]. The minimization of peak energy consumption is achieved by maintaining peak load with in a predefined limit. Moreover, users activities are analysed so as to forecast short-term power demand. The optimization of thermal comfort is considered as a primary objective function in [9], as thermal comfort is a core component while describing the operation of HVAC system. The proposed paradigm aims to learn user thermal comfort profile, so as to control the HVAC operation by providing and maintaining the occupants thermal preferences. Besides maximizing the thermal comfort, energy conservation is also achieved. Authors of [10], [11] presented their models with an objective of maximizing users satisfaction while keeping the