A Study on Financial Risk Management Specifying Incomplete Construction Projects in Real Estate


Authors : Dr. Jayesh K. Rana; Anil N. Tike

Volume/Issue : MMK:ACE-2023

Google Scholar : http://tinyurl.com/mrxunxs7

Scribd : http://tinyurl.com/5ank9cst

DOI : https://doi.org/10.5281/zenodo.10477802

Abstract : The growth of real estate depends upon many factors including entrepreneurship attributes and many other internal and external factors which affect the growth of the real estate markets. The construction sector is prone to many occurrences of risks. The construction sector is susceptible to several business threats. The risk associated with this sector is increased costs, extended delays, etc. This industry is evidencing several projects that are started with great initiative but are left unfinished due to several reasons indicating the causes such as a Mutual decision, cash crunch, financial indiscipline, or liquidation or the regulation announced from time to time by the government. Therefore, this article is all about identifying, classifying,and analysing the most significant risks with an emphasis on the financial and economic risk

Keywords : Incomplete projects, financial risks, construction projects, risk management, real estate development.

The growth of real estate depends upon many factors including entrepreneurship attributes and many other internal and external factors which affect the growth of the real estate markets. The construction sector is prone to many occurrences of risks. The construction sector is susceptible to several business threats. The risk associated with this sector is increased costs, extended delays, etc. This industry is evidencing several projects that are started with great initiative but are left unfinished due to several reasons indicating the causes such as a Mutual decision, cash crunch, financial indiscipline, or liquidation or the regulation announced from time to time by the government. Therefore, this article is all about identifying, classifying,and analysing the most significant risks with an emphasis on the financial and economic risk

Keywords : Incomplete projects, financial risks, construction projects, risk management, real estate development.

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