期刊名称:International Research Journal of Environmental Sciences
电子版ISSN:2319-1414
出版年度:2015
卷号:4
期号:12
页码:98-106
语种:English
出版社:International Science Community Association
摘要:Sustainable real estate with multitude of rating tools and changing legislation puts the real estate firms under pressure to amalgamate the sustainability initiatives into strategic decision making. Sustainability agenda is reflected as their corporate social responsibility in varying scales due to the different external influencing factors. Property developers are business firms that aspire to maximize profit but they do not operate in isolation and there are a number of influence factors for the decisions made at firm level. This research revisits the theories of corporate stakeholder environmentalism and presents a case of environmental sustainability decision making in real estate sector in India by way of an empirical investigation. The purpose of this paper is to identify stakeholder influences in real estate decision making with a fundamental base of literature review of the evolution of corporate environmental theories. The literature on sustainable real estate decision making is limited and therefore, this research takes help of an empirical inquiry into the subject matter. With the help of a primary question survey taking perception ratings from real estate sector experts, the paper draws out the key external and firm level influences in real estate decision making towards higher environmental sustainability goals in Indian real estate sector.