This paper addresses a topic of great importance for contemporary society, namely the development of the real estate sector in the context of sustainable development, relevant to the situation in the Bucharest-Ilfov region through the prism of the correlation between real estate investments and intermodal urban transport sectors. The work represents the result of research obtained in the activity carried out through the doctoral program organized by the Doctoral School of Management of the Academy of Economic Sciences in Bucharest.
The importance of the research carried out by the author lies in the fact that up to the present moment, a substantiated analysis of the management of real estate investments in the context of sustainable development has not been developed. Through the conducted research, it was aimed to identify the way in which real estate investments are promoted in the context of sustainable development, so as to increase the degree of accessibility, sustainable urban mobility and comfort for people.
The paper draws attention to aspects related to the economic efficiency of investments in the field of real estate investment management in the context of sustainable development, proposing new economic performance evaluation indicators, useful in the economic-financial analysis of investments in the specific field addressed.
The main objective pursued in these researches was to create an integrated managerial decision-making model, in establishing, evaluating and analyzing some factors that influence the decision and, based on the results obtained, choosing the best solution in completing a project. The decision-making model made allows the allocation of financial resources for the project to take into account the smallest risks in the investment process, to offer the best possible return and to be adapted to the requirements of a sustainable development.
The work is constituted as a scientific approach that highlights the importance of the environmental factor in making the decision to invest, in the context of sustainable development. This is highlighted by the scientific quality and importance of the analysis carried out, by its interdisciplinary character, but also by the author's contribution to use mathematical-statistical models and modern IT tools.
The current work was structured on a theoretical, documentary part, dealing with topics such as real estate investment management, sustainable development, specific indicators of the real estate sector, legislation, both in a historical approach and from a contemporary perspective, and in the part of two, practical, research, methods of the type: Analytic Hierarchy Process (AHP); quantitative and qualitative analysis; the analysis of the critical road for the optimization of transport routes, within case studies, for the verification of the research hypotheses.
The aim of the research is to justify the management of real estate investments in the context of sustainable development against the economic efficiency of classic approaches based on a high impact on the environment of real estate investments correlated with optimal intermodal transport systems, by applying the requirements of the circular economy and the objectives of sustainable development having in view of the reduction of pollution and the consumption of energy and resources in the field of real estate investments and to identify the weight of their importance in the current approach by the experts in the field.
The research resides in promoting the concept of sustainable development in Romanian society, the work contributing to the development of the current state of knowledge in the field of real estate investment management, as a factor of consolidated progress and sustainability, and the conclusions drawn from the studies / researches carried out during the doctoral project are a basis for future research directions in this field.
The research aimed at creating a model through which real estate developers and final beneficiaries can evaluate an investment solution, through the lens of a series of internal and external factors and components of the investment solution (alternatives).
The benefits of a clean environment were presented in comparison with a classic economic development.
Professor Cristian-Silviu Banacu