Analysis of Sources of Claims in Residential Real Estate Asset Delivery
Publication: Journal of Legal Affairs and Dispute Resolution in Engineering and Construction
Volume 16, Issue 1
Abstract
Residential real estate sector in India plays a pivotal role in supplying living accommodation to meet the ever-rising demand for housing. In the Indian context, the growth in housing supply has always lagged behind the demand. The present study examines the residential real estate sector to identify recurrent sources of claims hampering efficient delivery of housing assets. In mass urban housing supply by private real estate promoters/developers, 19 key factors reflective of the absence of time-bound, cost-certain and scope-adherent delivery of residential assets were identified. Following this, a questionnaire survey was undertaken to gain the viewpoints of relevant sector-specific stakeholders on the identified factors. Statistical analyses were subsequently conducted to arrive at key claim-causing factors bearing relevance to deficient housing delivery in India. Assessment of the viewpoints of a diverse set of real estate stakeholders pointed toward the presence of significant deterrents in the form of delays and cost-escalators, leading to unavoidable claims and litigation between residential real estate promoters/developers and consumers. The findings indicate the pressing need to optimize residential real estate asset delivery in India through the addressing of recurrent claims with respect to delays and cost-escalation.
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Data Availability Statement
All of the data, models, and/ or code that support the findings of this study are available from the corresponding author upon reasonable request.
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Published In
Journal of Legal Affairs and Dispute Resolution in Engineering and Construction
Volume 16 • Issue 1 • February 2024
Copyright
© 2023 American Society of Civil Engineers.
History
Received: Apr 10, 2023
Accepted: Sep 21, 2023
Published online: Nov 23, 2023
Published in print: Feb 1, 2024
Discussion open until: Apr 23, 2024
ASCE Technical Topics:
- Asset management
- Benefit cost ratios
- Buildings
- Business management
- Claims
- Developing countries
- Dispute resolution
- Financial management
- Housing
- Infrastructure
- Legal affairs
- Litigation
- Practice and Profession
- Real estate
- Residential buildings
- Structural engineering
- Structures (by type)
- Urban and regional development
- Urban areas
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