期刊名称：International Journal of Innovative Research in Science, Engineering and Technology
印刷版ISSN：2347-6710
电子版ISSN：2319-8753
出版年度：2017
卷号：6
期号：1
页码：1383
DOI：10.15680/IJIRSET.2017.0601157
出版社：S&S Publications
摘要：Risks generally denote the negative impact to the real estate project’s progression in regard to these willaffect to the construction schedule, project cost and the quality of the products. This article highlights the importance,consequences and impacts of risks in the real estate development projects. The success rate of real estate project isdecreasing as there is large scale of project and participation of entities. It is necessary to study the risk factors involvedin the project. This paper focused on types of risks involved in the project, risk factors, risk management tools &techniques. Identification of risk of the project in terms of the total cost of the project has been divided underTechnical, Financial, Sociopolitical and Statutory cost centers. Large real estate projects have to tackle the followingissues: land acquisition, skilled labor shortage, non-availability of skilled project managers, and mechanization of theconstruction process to cater to the growing demands. Non- availability of supporting infrastructure, political issueslike instability of the government leading to regulatory issues, social issues, marketing forms an important part in theseprojects as this is a onetime investment and the purchase cycle is long , long development period makes the sameproject be at different points in the real estate value cycle. This paper leads to an analysis part of risk management onthe basis of several analysis techniques, checklists, risk register, expert view etc. Qualitative & Quantitative assessmentis carried out for risk involved in project. This study is useful for analyzing large scale real estate projects inMaharashtra; also suggest mitigation steps for different categories of risks.
