Role of Real Estate Management Firms Toward Sustainability in India

Abstract

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.

Keywords

• sustainable
• real estate
• management
• indian real estate
• environmental