A construction project usually involves different types of activities and has number of factors affecting it. Such situations demand rigorous monitoring and fluent coordination on the project. The final output of any project must be that it is delivered successfully. In this study, the researchers have focused on application of a conceptual model based on KPIs and project constraints to monitor a real estate building project in Pune. To predict the project delivery success factor (PDSF) of a 13 storeyed commercial building, two additional parameters, project performance index (PPI) and project monitoring and coordination index (PMCI), have been defined and used. Data has been collected from on-site observations, collecting authentic documents related to the particular project, meeting various involved stakeholders, interviewing them and making a note of their opinion and expertise. It has been clearly observed through the results that the PDSF for the real estate project under study is less. Therefore, the particular project has been considered as a possible failure, and various measures have been recommended to improve the PDSF. © 2021, Springer Nature Singapore Pte Ltd.