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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
- 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.
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- 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
- 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,
Assignment Set – 2
- 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
- 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 customers and logistics operations also
- 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