Determinants of the Success of Real Estate Projects: A Study of Select Firms in Hyderabad

NICMAR Journal of Construction Management and Research, Volume XXVII No. II & III, pp 38-52, 2012

19 Pages Posted: 4 May 2013

See all articles by Ramakrishna Nallathiga

Ramakrishna Nallathiga

NICMAR; Center for Good Governance

M. Kumar

National Institute of Construction Management and Research (NICMAR) - Construction Industry Staff College

D. Kumar

National Institute of Construction Management and Research (NICMAR) - Construction Industry Staff College

G. Kumar

National Institute of Construction Management and Research (NICMAR) - Construction Industry Staff College

Date Written: April 1, 2012

Abstract

Real Estate sector has been growing at a rapid pace in India during the last decade and a large number of construction projects have been completed in India. Much of the commercial construction activity has been driven by Information Technology (IT) sector, especially in a city like Hyderabad, where the demand for residential house construction has also been coming largely from its employees. This IT-led construction boom has also been experienced in several cities of India. Given such strong demand, it is important to know how the construction companies are coping with the pace by successfully completing the projects. The insight of factors that lead to successful completion of projects is useful to Project managers in real estate sector. In general, many companies consider Cost, Time, Quality and Performance as main elements for the success of a project. There are many other factors, either primary or secondary, that have a place to play an important role in achieving a project success. This paper deals with exploring the factors that contribute to achieving project success. It is confined to residential and commercial housing sector in Hyderabad. A structured questionnaire is applied to find the factors determining success in relation to Client, Consultant and Contractor. This helps in understanding the major factors determining project success which can be useful to the project managers as they can be applied to new/ongoing real estate development projects.

Keywords: Real estate development, Construction projects, Project success, Determinant factors and Project management

Suggested Citation

Nallathiga, Ramakrishna and Kumar, M. and Kumar, D. and Kumar, G., Determinants of the Success of Real Estate Projects: A Study of Select Firms in Hyderabad (April 1, 2012). NICMAR Journal of Construction Management and Research, Volume XXVII No. II & III, pp 38-52, 2012. Available at SSRN: https://ssrn.com/abstract=2260068

Ramakrishna Nallathiga (Contact Author)

NICMAR ( email )

NICMAR, 25/1, NIA Post Office, Balewadi
Pune, Maharashtra 411045
India
91-20-66859146 (Phone)

HOME PAGE: http://www.nicmar.ac.in

Center for Good Governance ( email )

Dr MCR HRD Campus, Road No. 25, Jubilee Hills
Hyderabad, Andhra Pradesh 500033
India
91-40-23541907 (Phone)

HOME PAGE: http://www.cgg.gov.in

M. Kumar

National Institute of Construction Management and Research (NICMAR) - Construction Industry Staff College

NAC Campus
Kondapur
Hyderabad, Andhra Pradesh 500032
India

D. Kumar

National Institute of Construction Management and Research (NICMAR) - Construction Industry Staff College

NAC Campus
Kondapur
Hyderabad, Andhra Pradesh 500032
India

G. Kumar

National Institute of Construction Management and Research (NICMAR) - Construction Industry Staff College

NAC Campus
Kondapur
Hyderabad, Andhra Pradesh 500032
India

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