Evaluating Relationship between CRM, Customer Satisfaction and Client Loyalty in Indian Real Estate

Ameet Sao, Sagar Mohite, Stuti Jain and Gautam Bapat
Additional contact information
Ameet Sao: RICS School of Built Environment, Amity University, Noida, UP
Sagar Mohite: Atharva College of Hotel Management & Catering Technology, Mumbai, Maharashtra, India
Stuti Jain: Shaheed Sukhdev College of Business Studies, University of Delhi, India
Gautam Bapat: MIT World Peace University, Pune, India

Acta Universitatis Bohemiae Meridionalis, 2022, vol. 25, issue 2, 113-125

Abstract: Real estate goods require high levels of consumer interaction and customer satisfaction to maintain client loyalty. Executives working in real estate must improve client experience by providing superior services due to fierce competition. The present study used Chai Song (2013) CRM model to investigate relationship. Customers from various sites provided a total of 222 replies to a well-constructed questionnaire to ascertain the link between the researched variables. The data were assessed using SPSS-21 and Structural Equation Modeling (SEM) to ascertain the relationship between the components. The data analysis showed that, at a 5% level of significance, employee behavior, quality of services, and relationship development all had a substantial influence on customer satisfaction and loyalty. A direct effect value of (β= .56 .46 .48, .38, .46, .38, P = 0.000) was obtained for the hypothesis. Based on the direct affect and p value, the Hypothesis H1, H2, H3, H4, H5, and H6 were accepted. The values (β= -0.37, -0.39; P=0.23, 0.21), on the other hand, were discovered to be adverse for managing relationship in terms of client loyalty and customer satisfaction. The hypotheses H7 and H8 were therefore rejected. Additionally, it was shown that client loyalty was significantly influenced by customer satisfaction, supporting hypothesis H9. The analysis also revealed that client loyalty and CRM are mediated by customer satisfaction.

Keywords: Customer satisfaction; Customer relationship management; Client loyalty (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://acta.ef.jcu.cz/doi/10.32725/acta.2022.013.html (text/html)
http://acta.ef.jcu.cz/doi/10.32725/acta.2022.013.pdf (application/pdf)
free of charge

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:boh:actaub:v:25:y:2022:i:2:p:113-125

DOI: 10.32725/acta.2022.013

Access Statistics for this article

Acta Universitatis Bohemiae Meridionalis is currently edited by Tereza Šťástková

More articles in Acta Universitatis Bohemiae Meridionalis from University of South Bohemia in Ceske Budejovice, Faculty of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Ivo Andrle ().