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INTRODUCTION
Positioning: The place the product occupies in consumers minds relative to competing
products or services. Positioning relates to strategy, in the specific or tactical
development phases of carrying out an objective to achieve a business or organizations
goals.
To know the current market trend for having the investors and end-users for a real-estate
To find out whether the products offered are Value for Money.
To know whether the Begraj Group of Companies deliver the project on time.
competitors
To find the correlation between the price and quality.
To check the delivery period.
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REVIEW OF LITERATURE
POSITIONING STRATEGIES
Positioning strategy is a universal coverage of positioning.
It is not a single distinct concept but includes many closely related concepts. Maggard talks
about positioning as a conceptual vehicle, head on positioning, social accountability
positioning, inclusion of internal and external positioning as part of positioning strategy.
Positioning strategy is concerned with creating, communicating, and maintaining distinctive
differences that will be noticed and valued by those customers with whom the firm would most
like to develop a long-term relationship. Successful positioning requires managers to understand
their target customers preferences, their conception of value, and the characteristics of their
competitors offerings. Price, product attributes are two of the 4Ps of marketing that are most
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commonly associated with positioning strategy. For services, however, positioning often relates
also to other Ps of the service marketing mix, including service processes (e.g., their
convenience, ease to use), distribution systems, service schedules, locations, the services
environment, and service personnel. Competitive strategy can take many different routes.
George Day observes:
The diversity of ways a business can achieve a competitive advantage quickly
defeats any generalization or facile prescriptions First and foremost, a business must set itself
apart from its competition. To be successful, it must identify and promote itself as the best
provider of attributes that are important to target customers.
This means that managers need to think systematically about all facets of the service offering
and emphasize competitive advantage on those attributes that will be valued by customers in
their target segments. Achieving a competitive advantage typically requires a firm to focus.
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service focus describes the extent to which a firm offers few or many services. These two
dimensions define four basic focus strategies:
Fully focused: A fully focused organization provides a limited range of services (perhaps
just a single core product) to a narrow and specific market segment. Developing
recognized expertise in a well-defined niche may provide protection against would-be
competitors and allows a firm to change premium prices.
Market focused: A market focused company concentrates on a narrow market segment,
but has a wide range of services.
Service focused: Service focused firms offer a narrow range of services to a fairly broad
market. However, as new segments are added, firms need to develop knowledge and
skills in serving each segment.
Unfocused: Finally, many service providers fall into the unfocused category, because
they try to serve broad markets and provide a wide range of services. The danger with
this strategy is that unfocused firms often are jacks of all trades and master of none. In
general, thats not a good idea, although public utilities and government agencies may be
obliged to do so.
GENERIC POSITIONING STRATEGY
Al Ries and Jack Trout said that to develop a positioning program, six critical questions must
be answered. They are;
What position do you own in the mind of the prospect, now?
What position do you want to own?
Whom must you outgun to achieve that position?
Do you have enough money? Can you stick it out?
Does your communication match your position?
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DIMENSIONS
ITEMS/STATEMENTS
Reliability
Attractiveness
Country of Origin
Service Impressive
Selectivity
These principles apply to any type of organization that competes for customers. Understanding
the principles of positioning is key to developing an effective competitive posture. The concept
of positioning is not limited to services- indeed, it had its origin in packaged goods marketing,
but it offers valuable insight by forcing service managers to analyze their firms existing
offerings.
MARKET, INTERNAL AND COMPETITOR ANALYSES
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Positioning links market analysis and competitor analysis to internal corporate analysis.
Market Analysis- Market analysis addresses such factors as the overall level and trend of
demand and the geographical location of this demand. Alternative ways of segmenting
the market should be considered and an appraisal made of size and potential of different
market segments. Research may be needed to gain better understanding not only of
customer needs and preferences within each of the different segments, but also of how
each perceives the competition.
Internal Corporate Analysis- The objective of this analysis is to identify the
organizations resources (financial, human labor and know-how, and physical assets),
limitations or constraints, goals (profitability, growth, professional preferences, etc.), and
how its value shape the way it does business. Using insight from this analysis,
management should be able to select a limited number of target market segments than can
be served with either existing or new services.
Competitor Analysis- Identification and analysis of competitors can provide a marketing
strategist with a sense of competitors strength and weaknesses that may, in turn, suggest
opportunities for differentiation. Relating these insights back to the internal corporate
analysis should suggest what might be viable opportunities for differentiation and
competitive advantage, thereby enabling managers to decide which benefits should be
emphasized to which target segments. This analysis conider both direct and indirect
competition.
Size
MARKET
Composition
ANALYSIS
Location
Trends
Select Target Segments to
Serve
Resources
INTERNAL
Reputation
Constraints
Values
Articulate Desired
Position in Market
MARKETING
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ACTION
PLAN
ANALYSIS
Strengths
COMPETITOR
Weaknesses
ANALYSIS
Current
Positioning
Select Benefits to
Emphasize to Customers
Values
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Information about a product (or companys position relative to any one attribute) can be inferred
from market data, derived from ratings by representative consumers, or both. If consumer
perceptions of service characteristics differ sharply from reality as defined by management,
then communications efforts may be needed to change these perceptions.
The data were collected through questionnaire. The response from the respondents may
not be accurate.
The sample taken for the study was only one of the good projects of Begraj Group and
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COMPANY PROFILE
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The group is pioneer in the Real-estate business at Siliguri by offering the first ever Mall in the
form of Cosmos and the first ever Multistoried Residential Complex filled with all amenities in
the form of Green Valley. Having developed over a 3 (Three) million square feet of residential
and commercial real estate space the Begraj Group has now launched one of the Most Luxurious
Residential Complex at Siliguri in the form of Begraj Silver Oaks.
Chairman: Sri. Begraj Agarwal
Director: Sri. Shyam Agarwal.
MISSION
Provide the best products and world class customer service to its customers. And create an
ambience for growth for every member associated.
VISION
To be the first choice store in global products segment.
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COSMOS MALL
ORBIT MALL
JEEVANDEEP
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GEM HOUSE
CITY PLAZA
GREEN VALLEY
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Review &
Revise
Analyse
Market
Financial
Analysis
Analyse
Competition
Define Marketing
Mix
Research
Distribution
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METHODOLOGIES
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RESEARCH METHODOLOGY
Research is a systematic method of finding solutions to problems. It is essentially an
investigation, a recording and an analysis of evidence for the purpose of gaining knowledge.
According to Albert Einstein, If we knew what it was we were doing, it would not be
called research, would it?
RESEARCH BACKGROUND
Research
qualitative
Research design
descriptive
Data collection
Sample area
Siliguri
Sample size
30 customers
Sampling design
Research approach
survey method
Research instrument
Sampling tool
Analytical tool
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1. Sampling Design
A sample design is a finite plan for obtaining a sample from a given population.
Simple random sampling is used for this study.
2. Sample Size
Number of the sampling units selected from the population is called the size of the sample.
Sample of 30 respondents were obtained from the population.
3. Sampling Procedure
The procedure adopted in the present study is probability sampling, which is also known as
chance sampling. Under this sampling design, every item of the frame has an equal chance of
inclusion in the sample.
4. Methods of Data Collection
The datas were collected through Primary and secondary sources.
4.1 Primary Sources
Primary data are in the form of Work-in-progress of the under construction projects to
which statistical methods are applied for the purpose of analysis and interpretations. The primary
sources are discussion with employees, datas collected through questionnaire.
4.2Secondary Sources
Secondary datas are in the form of finished commercial or residential projects as they have
already been treated statistically in some form or other. The secondary data mainly consists of
data and information collected from records, company websites and also discussion with the
higher management of the organization. Secondary data was also collected from journals,
magazines and books.
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5. Nature of Research
Descriptive research, also known as statistical research, describes data and characteristics about
the population or phenomenon being studied. Descriptive research answers the questions who,
what, where, when and how. Although the data description is factual, accurate and systematic,
the research cannot describe what caused a situation. Thus, descriptive research cannot be used
to create a causal relationship, where one variable affects another. In other words, descriptive
research can be said to have a low requirement for internal validity.
6. Questionnaire
A well-defined questionnaire that is used effectively can gather information on both overall
performance of the test system as well as information on specific components of the system. A
defeated questionnaire was carefully prepared and specially numbered. The questions were
arranged in proper order, in accordance with the relevance.
7. Nature of Questions Asked
The questionnaire consists of open ended, dichotomous, rating and ranking questions.
8. Pre-testing
A pre-testing of questionnaire was conducted with 10 questionnaires, which were distributed and
all of them were collected back as completed questionnaire. On the basis of doubts raised by the
respondents the questionnaire was redialed to its present form.
9. Sample
A finite subset of population, selected from it with the objective of investigating its properties
called a sample. A sample is a representative part of the population. A sample of 30 respondents
in total has been randomly selected. The response to various elements under each questions were
totaled for the purpose of various statistical testing.
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PARTICULARS
YES
NO
TOTAL
NO. OF
RESPONDENT
S
19
11
30
NO. OF RESPONDENTS
Yes
No
37%
63%
INTERPRETATION
This chart shows 19 people out of 30 respondents which mean 63% owns the properties made by
the other builders in Siliguri when the group was not in Siliguri.
PARTICULARS
YES
NO
TOTAL
NO. OF
RESPONDENT
S
27
3
30
NO. OF RESPONDENTS
10%
Yes
No
90%
INTERPRETATION
From the above chart we can conclude that 90% of the Customers have earlier purchased
properties from Begraj Group in Siliguri.
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PARTICULARS
VERY GOOD
NO. OF
RESPONDENTS
15
GOOD
13
MODERATE
BAD
VERY BAD
TOTAL
30
16
14
12
10
No. of Respondent
8
6
4
2
0
Very Good
Good
Moderate
Bad
Very Bad
INTERPRETATION
The chart shows that 44% of the customers are satisfied and 50% of the customers are highly
satisfied with the quality, services and support provided by the company. On the other hand only
6% of the customers are dissatisfied.
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PARTICULARS
YES
NO
TOTAL
NO. OF
RESPONDENT
S
24
6
30
30
25
Yes
20
No
15
10
5
0
Number of Respondant
INTERPRETATION
From the above chart we can conclude that the introduction of One time down payment
scheme is one of the best strategies adopted by the Begraj Group of Companies to outride their
competitors.
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NO. OF RESPONDENT
EXCELLENT
15
VERY GOOD
13
GOOD
MARGINAL
POOR
TOTAL
30
NO. OF RESPONDENT
16
14
12
10
8
6
4
2
0
EXCELLENT
VERY GOOD
GOOD
MARGINAL
POOR
INTERPRETATION
The chart shows that 44% of the customers are satisfied with the quality in relation to its price
and 50% of the customers are highly satisfied. On the other hand only 6% of the customers are
dissatisfied.
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6. INFLUENTIAL DETERMINANTS
PARTICULARS
CONVENIENCE
ENTERTAINMENT
AMBIENCE
LOCATION
OTHERS
TOTAL
NO. OF RESPONDENTS
4
7
10
7
2
30
NO. OF RESPONDENTS
7%
13%
CONVINIENCE
ENTERTAINMENT
23%
AMBIENCE
23%
LOCATION
OTHERS
33%
INTERPRETATION
This chart shows that 34% are influenced by ambience, 23% are attracted by
entertainment and another 23% are attracted by location and the rest 20% by
convenience and others.
7. INSPIRED WITH THE PROPERTIES MADE BY COMPETITIORS
PARTICULARS
NO. OF
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AMBUJA REALTY
LTD.
MLA GROUP
MAYFAIR GROUP
NONE OF THE
ABOVE
TOTAL
RESPONDENTS
10
1
3
16
30
18
16
14
12
Ambuja Realty Limited
10
MLA Group
Mayfair Group
4
2
0
Respondant
INTERPRETATION
From the above chart we can conclude that 51% of the customer in our sample is not interested
in the properties made by the other builders or the competitors of Begraj Group of Companies in
Siliguri.
8. OVERALL SATISFACTION
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PARTICULARS
VERY SATISFIED
SATISFIED
NEUTRAL
DISSATISFIED
VERY DISSATISFIED
TOTAL
NO. OF RESPONDENTS
22
7
1
0
0
30
NO. OF RESPONDENTS
25
20
15
NO. OF RESPONDENTS
10
5
0
VERY S ATIS FIED
S ATIS FIED
NEUTRAL
DIS S ATIS FIED
VERY DIS S ATIS FIED
INTERPRETATION
This chart shows that 73% of customers are highly satisfied, 24% of customers are
satisfied and only 3% are neutral.
9. INFLUENTIAL PERSON
PARTICULARS
MARKETING TEAM
ENGINEERS
BROKERS
CUSTOMERS
NO. OF RESPONDENT
13
5
2
9
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OTHERS
TOTAL
1
30
30
25
20
Engineers
15
Customers
10
Others
Brokers
5
0
Number of Respondant
INTERPRETATION
This chart shows that the group is having strong marketing techniques along with the strong
marketing team, that is why they are able to influence and persuade many people to purchase
from their company.
PARTICULARS
YES
NO
TOTAL
NO. OF RESPONDENTS
23
7
30
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NO. OF RESPONDENT
23%
YES
NO
77%
INTERPRETATION
From the above chart we can see that the group have established itself in such a way after
satisfying a lot of clients, that out of 30, 23 are saying this is the right choice to have your dream
property.
PARTICULARS
YES
NO
TOTAL
NO. OF RESPONDENTS
1
29
30
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NO. OF RESPONDENT
3%
YES
NO
97%
INTERPRETATION
This chart shows that 99% of respondent says that the group delivers all the projects on time,
which is one of the most important factors of maintaining the positioning strategy of the group.
POSITIONING MAP
Positioning map of BEGRAJ GROUP in respect to its competitors
1. Comparison between the quality of material used in the finished or under
construction projects of the groups in respect of Pricing per Sq. Ft.
Expensive
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High Quality
Mayfair Group
Less Expensive
Fig. 1: Positioning map of Siliguris best Real Estate Companies- Price vs. Quality.
The map shows thatAmbuja Realty Limited- Expensive, Low Quality
MLA Group- Average Price And Quality
Mayfair Group- Low Quality, Less Expensive
Begraj Group- High Quality, Average Price
INFERENCE: It shows a clear correlation between the attributes of prices and quality.
Company that offers high level of quality are relatively more expensive and Begraj Group of
Companies falls in this category.
2. Facilities and Amenities of the finished or under construction projects provided by
the groups in respect of Pricing per Sq. Ft.
High Price
MLA Group
Begraj Group
Mayfair Group
Inadequate
Facilities and
Amenities
Adequate
Facilities and
Amenities
Low Price
Fig. 2: Positioning map of Siliguris best Real Estate Companies- Price vs. Facilities and
Amenities.
This map shows that:
Ambuja Realty Limited- High Price, Average Amenities and Facilities
MLA Group- Average Price, Facilities and Amenities
Mayfair Group- Average Price, Inadequate Facilities and Amenities
Begraj Group- Average Price, Adequate Facilities and Amenities
INFERENCE: We can conclude that BEGRAJ GROUP provides best facilities and amenities at
average price. So, people opt for BEGRAJ GROUP over its competitors as it influences and
attracts them.
3. Locations of the finished or under construction projects of the groups in respect of
Pricing per Sq. Ft.
High Luxury
MLA Group
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Prime Location
Less Luxury
Fig. 3: Positioning map of Siliguris best Real Estate Companies- Luxury vs. Location.
This map shows that:
Ambuja Realty group- Good Location, High Luxury
MLA Group- Good Location, High Luxury
Mayfair Group- Good Location, Moderate Luxury
Begraj Group- Prime Location, High Luxury
INFERENCE: We can conclude that people from outside also prefer BEGRAJ GROUP for their
perfect location over its competitors.
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Begraj Group
Progress: Slow
Progress: Fast
Mayfair Group
MLA Group
Fig. 4: Positioning map of Siliguris best Real Estate Companies- Delivery Time vs.
Progress.
This map shows that:
Ambuja Realty Group- Average Time, Slow Progress
MLA Group- After Due Time, Slow Progress
Mayfair Group- After Due Time, Slow Progress
Begraj Group- On Time, Good Progress
INFERENCE: This is the main reason for which BEGRAJ GROUP has competitive edge over
its competitors as it completes its project before or on time.
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FINDINGS
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outside also.
They provide the customers with best quality and services at reasonable rate.
They are very much conscious about the possession date of each and every
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CONCLUSION
After having the total survey and analysis about the positioning strategy of the Begraj Group of
Companies with its competitors is that the customers are highly satisfied with the quality and
services provided by the group as compared to its competitors. In the field of Real Estate
business the Begraj Group occupies 51% market share as per the survey. The time taken by the
company to deliver their project to its customers is one of the most influential determinant or
factor to position them to be the leader in the market, which helps them to attract a lot of
customers. On time delivery made the competitors customers to switch over to Begraj Group.
Begraj Group of Companies is one of the most Reputed, Dynamic and Admired organization in
the Real Estate Sector in North Bengal Region. So, investing in this group is like a Dream
Come True was what I thought but after working in this project report, I found out that Begraj
Group made housing facilities for all class of people. Such as - Shanti Niketan is a housing
complex which is CHEAP and BEST, Silver Oaks the upcoming project is made for the ELITE
class.
Positioning map simplified the problem of directly comparing process with its
competitors which was not possible in questionnaire method. The company does a lot of
survey to provide the best and prime location to its customers. All these facilities,
customer service and on time delivery has led them to be a No. 1 in Real Estate Business.
The group is managed by a highly educated group of employees and the depths of
knowledge of the workers are very good and the strategy of the directors is very skilled
and well shaped. The company also maintained a very good relation with the past and
present clients; as a result they have got a number of repeated investors for their
upcoming and ongoing projects.
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RECOMMENDATIONS
Following are some of the recommendations based on the observation under the study of
BEGRAJ GROUP OF COMPANIES which will enable them to provide better product and
services.
The BEGRAJ GROUP OF COMPANIES should expand its business and try to position
their strategy in such a way so that it will be easy for the company to capitalize it as a
national brand.
Additional marketing personnel should be hired so that the company can understand and
survey the competitors policies and strategies and accordingly formulate their strategies
to outride their competitors.
The company should focus and invest more on advertisements on electronic media as
advertisements is one of the most effective way of
customers.
The company should update their website on regular basis about their on-going projects
and up-coming projects with unique features, estimates, images and other required
information as people feel easy accessing information from the internet.
The company should hire a safety engineer for their construction site as safety measures
with proper instructions needs to be followed in construction sites and to ensure smooth
flow of the work in progess.
The company is known for its on time delivery of their projects to their customers so to
avoid any delay, more of local personnel should be hired as most of the staffs belong to
other places and the company faces problem when these staffs go on their vacations.
BEGRAJ GROUP OF COMPANIES is the only company in Siliguri which provides the
facility of one-time down payment to their customers and this offer has really attracted
many customers, so the company should introduce one or more of these offers to attract
and retain their customers.
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BIBLIOGRAPHY
Google Search
www.begrajgroupofcompanies.com
www.begrajsilveroaks.com
Philip Kotler Marketing Management (14th edition)
Upkars A Compresensive Study Of Data Interpretation Analysis And Sufficiency
6. Naresh Malhotra Marketing Research : An Applied Orientation 6th Edition
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APPENDICES
Please select that option that best describes your thoughts about the BEGRAJ GROUP OF
COMPANIES.
1. PERSONAL INFORMATION
Name: .
Gender: MALE
FEMALE
Age: BELOW 30
30-40
40-50
Occupation: BUSINESSMAN
HOMEMAKER
50-60
ABOVE 60
PROFESSIONAL/TECHNICIAN
OTHERS
MARRIED
SEPARATED/WIDOWED
30K-40K
40K-50K
ABOVE 50K
OVER 8 YRS
2. Do you own any other property made by the competitors of Begraj Group when the
group was not in Siliguri?
YES
NO
NO
4. Considering your own experience what you may have read or heard, how would you
rate the quality, services and support provided by the company?
V.GOOD
GOOD
MODERATE
BAD
V.BAD
NO
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6. Considering the overall quality of the company in relation to its prices, how would
you rate the value offered?
EXCELLENT
V.GOOD
GOOD
MARGINAL
POOR
7. What are the determinants which influenced you to buy from BEGRAJ GROUP OF
COMPANIES?
CONVENIENCE
ENTERTAINMENT
AMBIENCE
LOCATION
OTHERS
8. Are you inspired with the properties made by another builders like Ambuja Realty
Ltd., MLA Group, Mayfair Group and others?
AMBUJA REALTY LTD.
MLA GROUP
MAYFAIR GROUP
SATISFIED
NEUTRAL
DISSATISFIED
V.DISSATISFIED
10. Who influenced you to purchase the apartment or properties built by BEGRAJ
GROUP?
MARKETING TEAM
ENGINEERS
BROKERS
CUSTOMERS
OTHERS
11.
12.
NO
NO
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