Rana, V and Singh, V (2024) Real Estate Insights: A Boardgame-Based Experiential Learning Approach. In: 21st International Conference on Smart Technologies and Education, STE 2024, 6 March 2024through 8 March 2024, Helsinki, Finland, pp. 15-31.
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Real estate asset management demands specialized skills and knowledge for success, even though a large section of society makes real estate investment decisions at one point or the other. However, the traditional learning methods in real estate often lack adequate experiential and immersive learning scenarios that are observable in competitive real-world real estate decision situations. Consequently, many individuals fail to develop investment strategies in real estate, limiting their ability to make informed decisions. This research addresses this gap by introducing a board game to bridge these educational shortcomings in the real estate investment context. The board game offers players a simulated environment that immerses them in the complexities of real estate asset management, enabling them to make strategic decisions, optimise resources, and navigate challenges such as property acquisition, financing, tenant management, maintenance, and risk assessment. By conducting gameplay sessions and collecting participant feedback, this research evaluates the effectiveness of the board game in enhancing knowledge, skills, and understanding of real estate asset management concepts and investment strategy. Thematic analysis of pregame and postgame questionnaires reveals a substantial enhancement in participants� comprehension of real estate concepts through iterative discussions following the post-game session. © The Author(s), under exclusive license to Springer Nature Switzerland AG 2024.
| Item Type: | Conference Proceedings |
|---|---|
| Publication: | Lecture Notes in Networks and Systems |
| Series.: | Lecture Notes in Networks and Systems |
| Publisher: | Springer Science and Business Media Deutschland GmbH |
| Additional Information: | The copyright for this article belongs to Springer Science and Business Media Deutschland GmbH. |
| Keywords: | Asset management; Investments; Iterative methods; Learning systems; Risk assessment; Strategic planning, Assets management; Board games; Decisions makings; Experiential learning; Investment decisions; Investment strategy; Learning approach; Real estate industries; Real estate investment; Real-estates, Decision making |
| Department/Centre: | Division of Mechanical Sciences > Department of Design & Manufacturing (formerly Centre for Product Design & Manufacturing) |
| Date Deposited: | 01 Aug 2024 06:50 |
| Last Modified: | 01 Aug 2024 06:50 |
| URI: | http://eprints.iisc.ac.in/id/eprint/85764 |
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