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International Journal of Creative and Open Research in Engineering and Management

A Peer-Reviewed, Open-Access International Journal Supporting Multidisciplinary Research, Digital Publishing Standards, DOI Registration, and Academic Indexing.
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ISSN: 3108-1754 (Online)
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ISO Certification: 9001:2015
Publication Fee: 599/- INR
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License: CC BY 4.0
Peer Review: Double Blind
Volume 02, Issue 04

Published on: April 2026

FACTORS INFLUENCING CONSUMER PURCHASE DECISION IN THE INDIAN RESIDENTIAL REAL-ESTATE MARKET: AN EMPIRICAL STUDY OF REALTY SMARTZ PVT LTD CUSTOMERS

Sharan Bahadur Mizar

Dept. of School of Business Management

FACULTY OF EDUCATION

NOIDA INTERNATIONAL UNIVERSITY

YAMUNA EXPESSWAY, SECTOR 17A

UTTAR PARDESH-203201

Article Status

Plagiarism Passed Peer Reviewed Open Access

Available Documents

Abstract

This empirical study systematically examines the critical determinants shaping consumer purchase decisions in India's rapidly evolving residential real estate sector, with a focused analysis of Realty Smartz Pvt Ltd customers in Gurugram. Grounded in Consumer Decision-Making Theory and Utility Theory, primary data from 25 stratified respondents reveal that legal compliance under RERA (mean = 4.72) and builder reputation (mean = 4.58) have emerged as dominant influencers, surpassing traditional factors such as price and location in the post-RERA regulatory environment. Multiple regression analysis confirms RERA compliance (β = 0.35, p < 0.01) and builder reputation (β = 0.32, p < 0.01) as the strongest predictors of purchase intent (R² = 0.68), signaling a paradigm shift toward trust-centric decision-making amid accelerated urbanization and regulatory maturation. These findings yield actionable strategic recommendations for real estate consultancies, advocating enhanced transparency protocols, brand-aligned marketing frameworks, and regulatory compliance verification systems to fortify buyer confidence and competitive positioning within Gurugram's high-growth market.

Keywords: Consumer purchase decisions, residential real estate, RERA compliance, builder reputation, Gurugram market, multiple regression analysis, Realty Smartz Pvt Ltd

How to Cite this Paper

Mizar, S. B. (2026). Factors Influencing Consumer Purchase Decision in the Indian Residential Real-Estate Market: An Empirical Study of Realty Smartz Pvt Ltd Customers. International Journal of Creative and Open Research in Engineering and Management, <i>02</i>(04). https://doi.org/10.55041/ijcope.v2i4.894

Mizar, Sharan. "Factors Influencing Consumer Purchase Decision in the Indian Residential Real-Estate Market: An Empirical Study of Realty Smartz Pvt Ltd Customers." International Journal of Creative and Open Research in Engineering and Management, vol. 02, no. 04, 2026, pp. . doi:https://doi.org/10.55041/ijcope.v2i4.894.

Mizar, Sharan. "Factors Influencing Consumer Purchase Decision in the Indian Residential Real-Estate Market: An Empirical Study of Realty Smartz Pvt Ltd Customers." International Journal of Creative and Open Research in Engineering and Management 02, no. 04 (2026). https://doi.org/https://doi.org/10.55041/ijcope.v2i4.894.

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References

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Grant Thornton. (2025). India Real Estate Report FY 2025-26: Trends, Insights & Forecasts. Realty Bytes.

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Reddy, N. S., & Khandai, S. (2024). Analyzing home buyers' purchasing behaviour in

Bengaluru post-COVID. International Journal of Housing Markets and Analysis, 17(3).

Ethical Compliance & Review Process

  • All submissions are screened under plagiarism detection.
  • Review follows editorial policy.
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  • Peer Review Type: Double-Blind Peer Review
  • Published on: Apr 29 2026
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