Case Study: Opportunity Evaluation of Office Suites
Study Background - To undertake a comprehensive research exercise for directional inputs in order to make strategic decisions for -
- Office Suite - in terms of suitable size, target group, price and marketing inputs
Research objectives addressed –
- To undertake a market realty check, i.e. the acceptability of overall concept of Office Suite
- To capture feedback on sizes, price mix, facilities offered and location for Office suite
- To identify & profile target consumer and gauge their needs / expectations towards the offering
Key deliverables included –
- If Office suite is a right product for the market – a go / or no go proposition for client
- Appropriate sizes of units for residential cum office use
- Basis prospective buyer feedback including investors and end-home buyer
- Pricing mix
- Basis price point acceptability amongst various stakeholders including – brokers, investors and home-buyers
- Phase-wise achievable price increments
- Buyer profile
- In terms of – reason / purpose of purchase, extent of usage
- Launch strategy