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Evaluating and mitigating execution risk in Indian real estate development

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dc.contributor.advisor Christopher M. Gordon. en_US
dc.contributor.author Howard, Neal (Neal David) en_US
dc.contributor.other Massachusetts Institute of Technology. Center for Real Estate. Program in Real Estate Development. en_US
dc.coverage.spatial a-ii--- en_US
dc.date.accessioned 2012-01-11T20:17:48Z
dc.date.available 2012-01-11T20:17:48Z
dc.date.copyright 2011 en_US
dc.date.issued 2011 en_US
dc.identifier.uri http://hdl.handle.net/1721.1/68186
dc.description Thesis (S.M. in Real Estate Development)--Massachusetts Institute of Technology, Program in Real Estate Development in Conjunction with the Center for Real Estate, 2011. en_US
dc.description This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections. en_US
dc.description Cataloged from student-submitted PDF version of thesis. en_US
dc.description Includes bibliographical references (p. 80-82). en_US
dc.description.abstract Real estate development is a complex process in which developers and equity investors look to capitalize on favorable financial markets and economic forces to produce investment returns. Real estate development is a risky venture in even the most mature economies that possess transparent government regulations, reliable local and national legal systems, efficient capital markets, skilled labor markets and substantial market demand data. These issues are magnified in an emerging market where few of the above ingredients are readily available. However, the hypothesis of this thesis is that a developer can better assemble its development team, positively impact performance, and reduce execution risks by reorganizing project teams with the resources currently available in India. This thesis contemplates the evolution of real estate development design and delivery methods as developers compete to deliver real estate assets; equity investors seek greater insulation from execution risk; and a growing stable of qualified construction professionals compete for contracts. However, demand for real estate assets, equity investment hurdles and increased competition are pressuring developers to consider design and delivery methods that decrease the time to market and contemplate risk allocation. The analytic approach of this thesis is to: 1) document common delivery methods in India through a series of interview with developers, architects, project management consultants, quantity surveyors and contractors, 2) compare and contrast the delivery methods and allocation of execution risk in the United States and India and 3) propose a management plan to further mitigate execution risk through different risk allocation and delivery methods. The goal of this thesis is to provide developers and equity investors insight into the evolution of the Indian delivery process and identify emerging opportunities to mitigate execution risk. en_US
dc.description.statementofresponsibility by Neal Howard. en_US
dc.format.extent 82 p. en_US
dc.language.iso eng en_US
dc.publisher Massachusetts Institute of Technology en_US
dc.rights M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. en_US
dc.rights.uri http://dspace.mit.edu/handle/1721.1/7582 en_US
dc.subject Center for Real Estate. Program in Real Estate Development. en_US
dc.title Evaluating and mitigating execution risk in Indian real estate development en_US
dc.type Thesis en_US
dc.description.degree S.M.in Real Estate Development en_US
dc.contributor.department Massachusetts Institute of Technology. Center for Real Estate. Program in Real Estate Development. en_US
dc.identifier.oclc 770688871 en_US


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