Abstract:
Real Estate Management is commonly known as property management comprised of residential, commercial and industrial real estate (which includes houses, apartments of all sizes, administration shopping centres and units of condominium). Financial Decision making is a series of actions chosen from set of alternatives to avoid unnecessary monetary loss. Financial Decision making in real estate management is a course of actions from a number of alternatives to maximize benefits for the buyer of property. Our focus is on selecting potential decision influencers effecting real estate financial management and devising a well-designed evaluation method for land valuation in real estate sector of Pakistan.
Pakistan real estate sector is accelerating these days but the overall growth rate of real estate sector is lower than before. It shows that real estate is facing some serious problems which has to be solved timely to save Pakistan’s real estate sector. The most potential problem identified in real estate sector is the financial decision making. We recorded the consultant and public responses against selected decision influencers in the form of questionnaires. Unjustified cost was calculated by using regression equation and benefit to cost analysis was used to find the best option among available choices of land. At the end the calculations are drawn and practical implications are discussed.
