A systematic study on corporate real estate risk management and assessment (Concerning Aurangabad city)

Purpose: The objective of this article is to identify the types of risks associated with corporate real estate (CRE) and the risk management strategies adopted by companies. Moreover, the aim is to measure business performance and analyze its correlation with CRE risk management strategies.Methodology: Interviews were held in Aurangabad city in India to gather information from respondents about their adoption of CRE risk management strategies. Monte Carlo simulations are used as a tool to measure company performance and the results are then correlated with the average of the strategies drawn from the analysis.Findings: It is found that most organizations have integrated risk management into their strategic business plans.Originality: Although there is much literature on risk management, few researchers examined the relationship between corporate real estate risk management.