DBB3322 RETAIL PROJECT PROPERTY MANAGEMENT AND CASE STUDIES IN RETAIL FEB MARCH 2025

Description

SESSION	FEBRUARY- MARCH,2025
PROGRAM	BACHELOR OF BUSINESS ADMINISTRATION (BBA)
SEMESTER	VI
COURSE CODE & NAME	DBB3322 RETAIL PROJECT PROPERTY MANAGEMENT AND CASE STUDIES IN RETAIL

 

 

 

Assignment Set – 1

 

1. Describe the Duties of the property manager and characteristics of a property. 5+5

Ans 1.

Duties of the Property Manager

Maintenance and Upkeep

One of the core duties of a property manager is to ensure that the property is well-maintained and in good condition at all times. This includes managing routine repairs, scheduling inspections, overseeing janitorial services, and coordinating with technicians for HVAC, plumbing, or electrical systems. Timely maintenance protects the value of the asset and ensures tenant satisfaction.

Tenant Management

Property managers are responsible for screening potential tenants, handling lease agreements,

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2. Explain the Different Sources for buying a property. 10

Ans 2.

Direct Purchase from Developers

New Construction Projects

One of the most common sources of buying property is through real estate developers. These are generally newly launched or under-construction residential and commercial properties. Buyers can choose units based on layout, floor plans, and location within the complex. Developers often offer flexible payment plans and pre-launch discounts to attract buyers.

Ready-to-Move Properties

Some developers offer ready-to-occupy properties which eliminate the waiting period. These

 

 

3. Discuss the role of property in Business & property life cycle. 2+8

Ans 3.

Role of Property in Business

Foundation of Business Operations

Property plays a critical role in business by providing the physical space necessary to carry out operations. Whether it’s a retail store, office, warehouse, or manufacturing unit, having access to appropriate property enables smooth business functioning. For retailers, the location and visibility of the property can directly impact foot traffic and sales performance.

Asset and Investment Value

In many businesses, property is not just a place of operation but also a valuable financial asset.

 

 

 

Assignment Set – 2

 

 

4. Explain the different ways to Manage Retail Property. 10

Ans 4.

Lease and Rental Management

Tenant Relations and Documentation

One of the primary aspects of retail property management is handling lease agreements and maintaining good relationships with tenants. This includes drafting, renewing, and terminating lease contracts, collecting rent, and managing security deposits. Clear documentation ensures transparency and minimizes legal disputes.

Rent Collection and Escalation

Property managers must ensure timely rent collection and apply escalation clauses as per

 

 

 

5. Factors Affecting Retail Property Value & Methods of property evaluation. 3+7

Ans 5.

Factors Affecting Retail Property Value

Location and Accessibility

One of the most significant factors influencing retail property value is its location. Properties located in high-traffic commercial areas with proximity to transportation hubs, residential neighborhoods, and popular landmarks typically command higher value. Easy accessibility for

 

 

6. Enumerate Maintenance of Retail property give with suitable examples. 10

Ans 6.

Preventive Maintenance

Scheduled Checks and Repairs

Preventive maintenance refers to routine inspections and timely servicing of equipment to avoid breakdowns. This includes HVAC servicing, plumbing inspections, electrical system checks, and fire safety system testing. For example, a retail mall may schedule monthly inspections of its escalators and elevators to ensure smooth functioning and safety for