JournalTOCs

Sri Lanka Journal of Real Estate
Number of Followers: 0

This is an Open Access Journal

Open Access journal
ISSN (Print) 1800-3524
Published by U of Sri Jayewardenepura

[2 journals]

Editorial Note
- Authors: Nishani Wickramaarachchi
  Abstract: Editorial Note
  PubDate: 2023-11-24
  DOI: 10.31357/jres.v20i01.6697
  Issue No: Vol. 20, No. 01 (2023)
Are Affordable Housing Policies Rightly Targeted' Lessons From India
- Authors: Raghu Dharmapuri Tirumala, Kruti Upadhyay
  Abstract: The increasing urban population is pressurizing many national governments, particularly the developing economies, to provide shelter to their people as the demand for affordable housing is fast outpacing the supply. Despite a large number of interventions worldwide, the need for affordable housing continues to escalate, with the gap between the supply and the demand enlarging. Using the example of India, this research explores if the policies have been targeted at the right group of cities or states. The distribution of funds is not uniform both on an absolute and per capita basis. While needy cities and states received some attention, others did not receive adequate support. The interventions to provide affordable housing need to be comprehensive, beyond the physical brick-and-mortar models, to integrate civic infrastructure, facilitate access to employment locations, and minimize dislocation to the extent possible. The conclusions, drawn through descriptive statistical analysis, provide pointers to the developing economies on being mindful during the implementation and structure the instruments so that the benefits of policy measures percolate down to the needy.
  PubDate: 2023-11-24
  Issue No: Vol. 20, No. 01 (2023)
The Effects of public Open Space on Residential Land Values using GIS
based Geostatistical Analysis Reference to Bellanwila-Attidiya Weras Ganga
Public Open Space
- Authors: A. A. U. M. Samarathunga, K. G. P. K. Weerakoon
  Abstract: Public open spaces play a key role in urban environments, providing recreational opportunities, enhancing the quality of life, and contributing to the overall attractiveness of a neighborhood. Newly developed public open spaces on surrounding land value changes are important for urban planning and development. Within the last 10 years period most open spaces developed in the Colombo suburban area and there are clear land value changes in those areas. Bellanwila-Atthidiya Waras Ganga open space is one of the most attracted open space in the Colombo suburbs and significantly surrounding land values are changed after the project. This research aims to examine the effect on land values in surrounding area due to this project and research devotes a quantitative approach, using GIS based geo statistical analysis. Land value data, including sales transactions and property assessments, will be collected from relevant government agencies and real estate databases. The collected land value data was used to create geospatial maps using ArcGIS 10.8 spatial interpolation. Various proximity factors and demographic characteristics affected to change land values in this area, also considered for this analysis. Study results indicates, there is a significant relationship between residential land value changes in the lands surrounding public open space and it is 7.2% impact on land value changes The findings of this study provide valuable insights into the relationship between public open spaces and land values in the Colombo suburban area. The results are useful for urban planners, policymakers, and real estate developers about the potential economic benefits associated with public open spaces.
  PubDate: 2023-11-24
  DOI: 10.31357/jres.v20i01.6420
  Issue No: Vol. 20, No. 01 (2023)
The Covid-19 Economic Crisis: Firm-Level Management Strategies Adopted by
the Condominium Property Developers in Colombo
- Authors: R. M. D. N. H. Nawodi, T. G. U. P. Perera
  Abstract: The Sri Lankan condominium market has seen major negative effects because of the recent Covid-19 economic crisis. This research aims to gain insights into the firm-level strategies adopted by condominium developers in Colombo to effectively mitigate the economic shocks caused by the crisis. Through conducting five (05) in-depth interviews with leaders from condominium development firms, the study discerns that the Covid-19 economic crises have resulted in financial, labor, regulatory, and ethical ramifications for developers. Despite implementing financial strategies and control measures, the developers do not perceive to be completely restored from the adverse effects of the Covid-19 economic crisis. The lessons learned from this investigation hold relevance for the sector as it prepares to face a future, characterized by potential upheaval and uncertainty.
  PubDate: 2023-11-24
  Issue No: Vol. 20, No. 01 (2023)
Analyzing the Effectiveness of Digital Marketing Tools for Marketing
Luxury Apartments
- Authors: A.G.R. Sanduapama, Lakshi Karunarathne
  Abstract: The study aims to analyze the effectiveness of digital marketing tools focusing on social media and website marketing, in promoting luxury apartments. The study collected data from real estate developers and marketers involved in the sale of luxury apartments, and the sample size was 95 respondents. A structured questionnaire survey was employed as the primary data collection method. The data were analyzed using the Statistical Package for Social Sciences (version 24). Descriptive statistics including frequencies, mean values, and percentages, were employed to analyze the data. The findings of the study indicate that both social media and website marketing are effective digital marketing tools for promoting luxury apartments. However, the study highlights that websites exhibit greater effectiveness compared to social media platforms in marketing luxury apartments. The outcomes of this research contribute valuable insights to real estate developers and marketers, guiding them in identifying the most suitable digital marketing tools for selling luxury apartments. By leveraging the knowledge gained from this study, real estate professionals can enhance their marketing performance and optimize their digital marketing strategies. Keywords: Digital Marketing, Marketing Effectiveness, Luxury Apartment, Social Media Marketing, Website Marketing
  PubDate: 2023-11-24
  DOI: 10.31357/jres.v20i01.6418
  Issue No: Vol. 20, No. 01 (2023)