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CORPORATE REAL ESTATE STRATEGY FOR FOOD PROCESSING INDUSTRY
Authors
Shubham Audumbar Kumbhar ,Dr Priti Pandey,Prof. Shekhar Nagargoje
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Keywords
Corporate Real Estate Strategy, Food Processing, Land Parcel, Industrial Zone, LRD Scheme, Feasibility
Abstract
This paper describes the corporate real estate strategy (CRES) of an existing food processing unit which is planning to expand their manufacturing operations. The options identified for expansion were either to buy out a new land parcel in the industrial zone or to use the existing land parcel already with them. The challenge with choosing the land parcel is shortage of space for expansion. CRES was devised to optimize the space of the land parcel for setting up the new unit and the feasibility of the expansion strategy was analyzed. In this paper CRES emphasizes on vertical construction of the manufacturing unit instead of building horizontal units. This would save cost of buying a new land parcel and the modern construction techniques would ensure cost optimization for the construction of manufacturing unit. The final strategy of renting out the existing building was proposed to capitalize on the benefits of the LRD scheme which would help in repayment of the E.M.I on debt financing. Implementation of these corporate real estate strategies were observed as favorable in reducing cost and increasing operational efficiency of the food processing unit.
IJCRT's Publication Details
Unique Identification Number - IJCRT2006192
Paper ID - 195660
Author type - Indian Author
Page Number(s) - 1422-1426
Pubished in - Volume 8 | Issue 6 | June 2020
DOI (Digital Object Identifier) -
No Of Downloads - 1344
Author Country - 413133, India , Baramati, Baramati, India , Management
Publisher Name - IJPUBLICATION | www.ijcrt.org | ISSN : 2320-2882
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Shubham Audumbar Kumbhar ,Dr Priti Pandey,Prof. Shekhar Nagargoje, "CORPORATE REAL ESTATE STRATEGY FOR FOOD PROCESSING INDUSTRY ", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.8, Issue 6, pp.1422-1426, June 2020, Available at :http://www.ijcrt.org/papers/IJCRT2006192.pdf
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