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Evaluating Critical Factors Impacting Real Estate Development Decisions

Author

Listed:
  • Pandya Jigar V

    (Department of Civil Engineering, School of Technology, Pandit Deendayal Petroleum University, Gandhinagar, India)

  • Patel Vikram M.

    (Adani Institute of Infrastructure Engineering and Management, Gujarat Technological University, Ahmedabad, India)

Abstract

We find that critical factors affecting real estate project decisions can vary while market changes in the city of Ahmedabad have led to the majority of landmark buildings facing obsolesce, redevelopment and spatial redundancy. Case studies can assist in data collection in the cultural context and accommodate indirect observations of the variables analyzed in the early stages of research (Teegavarapu & Summers, 2008; Rowley, 2002). Decisions have led to capital losses for some, while bringing about profitable opportunities for developers who take timely risks.

Suggested Citation

  • Pandya Jigar V & Patel Vikram M., 2020. "Evaluating Critical Factors Impacting Real Estate Development Decisions," Real Estate Management and Valuation, Sciendo, vol. 28(1), pages 112-126, March.
    • Handle: RePEc:vrs:remava:v:28:y:2020:i:1:p:112-126:n:10
    DOI: 10.1515/remav-2020-0010
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    References listed on IDEAS

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    1. repec:arz:wpaper:eres2014_165 is not listed on IDEAS
    2. Rose Neng Lai & Ko Wang & Yuqing Zhou, 2004. "Sale before Completion of Development: Pricing and Strategy," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 32(2), pages 329-357, June.
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    4. C. Tsuriel Somerville, 2001. "Permits, Starts, and Completions: Structural Relationships Versus Real Options," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 29(1), pages 161-190.
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    6. Kwabena Mintah, 2018. "Real Options Analysis in Residential Property Development Decision-Making in Australia: Perspective of Executives," International Real Estate Review, Global Social Science Institute, vol. 21(4), pages 473-520.
    7. Zan Yang & Shuping Wu, 2019. "Land acquisition outcome, developer risk attitude and land development timing," The Journal of Real Estate Finance and Economics, Springer, vol. 59(2), pages 233-271, August.
    8. Bhargav Adhvaryu, 2011. "The Ahmedabad Urban Development Plan-making Process: A Critical Review," Planning Practice & Research, Taylor & Francis Journals, vol. 26(2), pages 229-250.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    project decisions; critical factors; developers; case studies; AHP method;
    All these keywords.

    JEL classification:

    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory
    • E39 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Other
    • O22 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Project Analysis
    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns

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