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Dissertation on Real Estate

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Submitted By velayudhan
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Dissertation on the Real Estate Sector of Mumbai and the Indian Middle Class

Abstract

The global financial meltdown had hit the real estate sector all around the globe, and Mumbai real estate sector is one such amongst them. The specific segment is plagued by reduction of demands, lowering of prices, inventory accumulation etc. In order to maintain their sustenance, they now want to target the middle class segment of the society. The entire purpose of this dissertation was to identify in the present economic conditions of the country, the target customer for such real estate sector. In order to conduct the research, a mixed research methodology is adopted deploying both qualitative research as well as quantitative research. Relevant research instruments were chosen, and 10 respondents were interviewed for the qualitative research and 300 individuals were undertaken in the quantitative research methodology. It was found that indeed the middle class with their high aspiration levels, and disposable income were the ideal target for real estate. However, in order to further attract the target customers, a host of suggestions are made. This dissertation is created through thorough referencing from academic journals, books, reports, newspaper articles etc. This paper would also be immensely helpful for students aiming to understand a clear picture of the real estate sector of Mumbai on ways to maintain its growth.

Table of Contents Abstract 2 Introduction 5 Background 5 India’s Real Estate Sector 6 Real Estate Housing in Mumbai 8 A Brief History 9 Present condition of the Mumbai Real Estate Market 9 Brief look at the future of Mumbai Real Estate 10 Concept of Affordable Housing 13 Key Players 14 Problem Statement 15 Purpose 15 Research Objectives 15 Dissertation Structure 16 Conceptual Framework 17 Literature Review 19

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