Factors affecting profitability in residential real estate in Mumbai

Abstract

The success of a real estate company is important for several reasons: newlineFinancial stability: A successful real estate company generates significant newlinerevenue and profits, which helps to ensure financial stability for the company newlineand its stakeholders. This allows the company to invest in new projects, expand newlineits operations, and provide a steady income for its employees. newlineEconomic impact: Real estate companies play a significant role in the newlineeconomy, as they contribute to employment, infrastructure development, and newlinethe overall growth of the real estate market. A successful real estate company newlinecan positively impact the local and national economy. newlineReputation: A successful real estate company builds a positive reputation in newlinethe industry and among customers. This can lead to increased business newlineopportunities, referrals, and partnerships. newlineIndustry leadership: A successful real estate company can become a leader in newlinethe industry, setting trends and influencing the direction of the market. This can newlinelead to increased visibility and recognition within the industry and opportunities newlinefor growth and expansion. newlineGiven the fact that the success of a real estate organization is crucial for the newlinesuccess of the real estate market and overall economy, it s empirical to study newlinethe factors affecting the profitability and growth of a real estate organization. newlineThe research aims to study profitability in Mumbai s residential real estate newlinemarket by paying particular attention to its influencing factors and sustainable newlinegrowth indicators. newlineThe findings have been derived from the literature review, qualitative and newlinequantitative research, comparative analysis, observation, and logical access newlinemethods. The contribution of this research is twofold. First, it is the first study newlinewhere a qualitative study based on grounded theory was done through real-time interviewing of 11 Key leading real estate developers from Mumbai.