01/10/2026
School of Management, Swami Vivekananda University Congratulates Mr. Dhrubajyoti Ray on Successfully Defending His PhD Thesis!
The School of Management takes immense pride in announcing that Mr. Dhrubajyoti Ray has successfully defended his doctoral thesis in the Final Viva Voce Examination held on 30th June 2026. His thesis, titled *"Trends, Challenges and Future Prospects of Real Estate Development: An Empirical Study on Durgapur Municipal Corporation"* , was examined by Prof. (Dr.) Pradipta Banerjee, Professor, Department of Commerce, Sidho-Kanho-Birsha University, as External Examiner. The Viva was chaired by Prof. Malayendu Saha, Director, School of Management, and attended by Prof. (Dr.) Anuradha Mukhopadhyay, Director, School of Sciences; Dr. Sanjay Bhattacharya (Supervisor and co-examiner); Dr. Priyajit Banerjee, Officer on Special Duty, PhD Cell; Prof. Kallol Banerjee; Dr. Anirban Hazra; Dr. Soumya Mukherjee; Dr. Mohd. Niyaz Ahmed; Dr. Avik Das, Dr. Atiba Batul; and other esteemed faculty members of the School of Management and the PhD Cell.
The thesis presents a comprehensive empirical investigation into the real estate ecosystem of Durgapur Municipal Corporation — a Tier-II industrial city of West Bengal. Grounded in a census of all 46 WBRERA-registered developers, it explored the evolving trends, structural challenges, and future prospects of real estate development through a multi-scalar, multi-method framework.
Key highlights include:
* A novel Composite Real Estate Dynamics Index (REDI) identifying Durgapur as West Bengal's most stable and sustainable Tier-II real estate market.
* An AHP suitability ranking placing Durgapur first among Tier-II cities with a score of 8.84/10.
* Evidence that financial capital, not age, drives developer performance.
* Validation of a Credibility-Effectiveness-Impact framework showing digital platforms now dominate real estate marketing.
* A statistically significant 33.3% reduction in regulatory approval times over five years, with WBRERA emerging as the institutional benchmark.
* An integrated AHP-FAHP model identifying Economic Factors and Regulatory Environment as the dominant determinants of development.
The research offers actionable insights for policymakers, regulators, and developers, and establishes replicable analytical tools applicable to Tier-II cities across India.
The School of Management extends its heartfelt congratulations to Mr. Dhrubajyoti Ray and expresses deep appreciation to his Supervisor, Dr. Sanjay Bhattacharya, for his constant guidance and mentorship. Gratitude is also due to the faculty members and the PhD Cell for their support throughout this journey.
We wish Mr. Ray all the very best in his future endeavours!