Today, sustainable real estate management is an essential and timely issue. Real estate is one of an enterprise’s most valuable assets, and its appropriate management is a prerequisite for attaining a competitive edge. Modern real estate management should incorporate aspects that reflect market demands, environmental issues, the user wants, and the business environment sustainably. This study studies and analyses the elements influencing sustainable real estate management practises in India. This study acquired primary data from both residents/users of real estate and market actors. The research employs a combination of qualitative and quantitative methodologies, including case studies of the real estate management market and literature reviews on sustainable real estate management, as well as structured observation and surveys with closed-ended questions. The data indicate that the environmental element, which is the least developed among Indian real estate management firms, has the greatest influence on the overall sustainability of real estate management organisations. This should be the focus of the proposals, allowing real estate management businesses to highlight their environmental sustainability practises as the foundation for adopting of the idea of sustainable real estate management in India.
1 June 2024 in Civil and Environmental Engineering
Green building’s development reduces the reliance on fossil fuels and reduces the total negative environmental effect. The main objective of this research is to develop a model for the implementation of green practises in the public sector constructions in India. We aimed to assess local construction professionals' knowledge and comprehension of green building construction in the public sector by distributing an empirical questionnaire to them. Participants were asked to rate their knowledge, understanding, and importance of the eight withholding factors and six contributing factors identified in the seminal literature. We use analysis techniques like descriptive and factor analysis such as descriptive and factor analyses to analyse the survey responses. A comprehensive model proposed to facilitate the purpose of promoting the successful adoption of green building practises within India's public sector construction projects was primarily based on the insights gained from factor analysis. Based on the findings of this study, the author suggests a model for implementing green building techniques in Indian public sector constructions. The model discusses obstacles to green building initiatives, considers implementation variables, and offers suggestions such as policy ease, and green building promotion.
1 January 2021 in Baltic Journal of Real Estate Economics and Construction Management
The world economy seems to be experiencing one of the most severe downturns in recent memory. The latest pandemic has had a detrimental effect on the economies of several nations, including India. The International Monetary Fund forecast India’s growth rate at 1.9 % for fiscal year 2021, down from 5.8 % previously. This poses a significant challenge to the Indian economy. The resumption of work was complicated by the workers’ surprising return to the employers from underground. Developers struggled to locate enough job-creating jobs due to the labour market severe constraints. The populace is burdened by the great pestilence that threatens the nation. Indian real estate, which was still emerging from the implications of demonetization (November 2016) and other changes, was jolted by this pandemic, with building development halted and real estate transactions paused. Indian real estate should plan itself for a post-COVID-19 environment and be prepared to take several new and technology-driven moves to get back on track. The secondary data research methodology is used in this paper and the aim of the research is to discuss the pre-pandemic real estate market and the effect of COVID-19 on the Indian real estate market. Additionally, it discusses the risks and prospects confronting various real estate industry participants.
1 January 2025 in Baltic Journal of Real Estate Economics and Construction Management
This study examines the adaptive reuse of properties for the development of social housing, focusing on the benefits, challenges, and best practices associated with this approach. Through a comprehensive literature review and analysis of case studies, the research investigates how adaptive reuse can address housing shortages while promoting sustainable urban development. The study identifies key economic, environmental, and social benefits of adaptive reuse in social housing, including cost savings, reduced environmental impact, and community revitalisation. It also explores the technical, financial, regulatory, and social challenges often arising in such projects. The research presents a detailed analysis of successful adaptive reuse case studies, highlighting effective strategies to overcome common obstacles. Based on these findings, the study proposes a set of best practices for planning, designing, and implementing adaptive reuse projects in social housing. The paper concludes with policy recommendations and suggestions for future research, highlighting the potential of adaptive reuse to contribute significantly to sustainable and inclusive urban housing solutions.
The primary aim of this research is to investigate the relationship between strategic sustainability and firm success within the real estate sector. Specifically, it aims to assess how strategic sustainability factors, notably business strategy and management, influence sustainability performance. By exploring this uncharted territory, the study seeks to provide insights into the role of strategic sustainability in enhancing an intangible value in terms of sustainability performance. Through quantitative data gathered from the Latvian real estate industry, the research study demonstrates that greater emphasis on business strategy efforts and activities is positively associated with improved sustainability performance. Moreover, it establishes a correlation between enhanced management practices and higher sustainability performance. Ultimately, this research contributes to our understanding of how strategic sustainability can drive the long-term sustainability and success of real estate businesses, benefitting regions, nations, and the global community.
1 January 2023 in Baltic Journal of Real Estate Economics and Construction Management
Financial and real estate crises have been the most prevalent forms of economic catastrophe over the past three decades. In 2008, India endured a financial crisis unprecedented in its history. Canada seems to be creating a real estate bubble recently; Bloomberg Economics puts Canada as the OECD’s second greatest housing bubble in 2019 and 2021. In the case of the Indian real estate bubble, the capital and large cities saw the largest increase in house prices initially, then comparable increase spread gradually to smaller towns and provinces. Thus, this paper conducts a comparative study of the real estate markets in India and Canada and presents a basic analysis of the Canadian real estate market based on the Indian experience with the real estate crisis. Specifically, the article explores the recent economic history and deduces the elements that contributed to the real estate catastrophe. After collecting data and gaining a thorough knowledge of both nations’ real estate markets, the article performs a comparison study employing indices such as the housing index, the corruption rate, and the Business Survey Index (BSI). The research indicates that property prices in Canada are projected to rise because of a significant association between corruption and house prices and a decline in the BSI index. The research provides some recommendations to avert a full-fledged real estate meltdown.