Role of Real Estate Management Firms Toward Sustainability in India

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 dema...

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Main Authors: Sanchaniya Rashmi Jaymin, Asif Suraiya Abdul Siyad, Geipele Ineta
Format: Article
Language:English
Published: Sciendo 2023-12-01
Series:Civil and Environmental Engineering
Subjects:
Online Access:https://doi.org/10.2478/cee-2023-0046
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author Sanchaniya Rashmi Jaymin
Asif Suraiya Abdul Siyad
Geipele Ineta
author_facet Sanchaniya Rashmi Jaymin
Asif Suraiya Abdul Siyad
Geipele Ineta
author_sort Sanchaniya Rashmi Jaymin
collection DOAJ
description 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.
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spelling doaj.art-e123fcc6c0c94fefb0efc769e822db692024-02-26T14:29:49ZengSciendoCivil and Environmental Engineering2199-65122023-12-0119251151910.2478/cee-2023-0046Role of Real Estate Management Firms Toward Sustainability in IndiaSanchaniya Rashmi Jaymin0Asif Suraiya Abdul Siyad1Geipele Ineta21Department of Civil Construction and Real Estate Economics and Management, Riga Technical University, Riga, Latvia.1Department of Civil Construction and Real Estate Economics and Management, Riga Technical University, Riga, Latvia.1Department of Civil Construction and Real Estate Economics and Management, Riga Technical University, Riga, Latvia.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.https://doi.org/10.2478/cee-2023-0046sustainablereal estatemanagementindian real estateenvironmental
spellingShingle Sanchaniya Rashmi Jaymin
Asif Suraiya Abdul Siyad
Geipele Ineta
Role of Real Estate Management Firms Toward Sustainability in India
Civil and Environmental Engineering
sustainable
real estate
management
indian real estate
environmental
title Role of Real Estate Management Firms Toward Sustainability in India
title_full Role of Real Estate Management Firms Toward Sustainability in India
title_fullStr Role of Real Estate Management Firms Toward Sustainability in India
title_full_unstemmed Role of Real Estate Management Firms Toward Sustainability in India
title_short Role of Real Estate Management Firms Toward Sustainability in India
title_sort role of real estate management firms toward sustainability in india
topic sustainable
real estate
management
indian real estate
environmental
url https://doi.org/10.2478/cee-2023-0046
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AT asifsuraiyaabdulsiyad roleofrealestatemanagementfirmstowardsustainabilityinindia
AT geipeleineta roleofrealestatemanagementfirmstowardsustainabilityinindia