STATISTICAL ANALYSIS OF DILAPIDATED AND DANGEROUS BUILDINGS IN INDIA: OPTIMIZING TDR ALLOCATION FOR URBAN REDEVELOPMENT
DOI:
https://doi.org/10.29121/shodhkosh.v5.i5.2024.2163Keywords:
Transferable Development Rights (TDR), Urban Redevelopment, Statistical Optimization, Liquidity Constraints, Dynamic Pricing ModelsAbstract [English]
This paper presents a comprehensive statistical analysis of dilapidated and dangerous buildings across urban wards in India, focusing on optimising the allocation of Transferable Development Rights (TDR) for effective urban redevelopment. By integrating empirical data on building conditions, urban density, and redevelopment patterns, the study develops a dynamic framework that applies advanced statistical models to evaluate the efficiency of TDR allocations in high-risk zones. The research addresses critical issues of liquidity constraints, TDR hoarding, and inefficient redevelopment processes, proposing a refined mechanism for optimising TDR distribution through data-driven strategies. The proposed model balances redevelopment incentives with environmental and infrastructural sustainability by incorporating real-time market dynamics and environmental cost factors into TDR pricing. This study also includes case studies on slum redevelopment and real estate liquidity, offering actionable insights for policymakers to deploy TDR exchanges to accelerate urban regeneration. The findings contribute to the advancement of sustainable urban growth by offering a novel approach to resolving redevelopment inefficiencies while maintaining ecological balance.
References
Thompson N, Yang J. Developing Affordable and Sustainable Housing through Energy, Transport, and Building Utility Integration. J Urban Plann Dev. 2015 Dec;141(4):04014037. DOI: https://doi.org/10.1061/(ASCE)UP.1943-5444.0000244
Gangwar G. Affordable housing: reality or myth. Indian J Sci Technol. 2016 Aug 22;9(30). DOI: https://doi.org/10.17485/ijst/2016/v9i30/99197
Anacker KB. Introduction: housing affordability and affordable housing. International Journal of Housing Policy. 2019 Jan 2;19(1):1–16. DOI: https://doi.org/10.1080/19491247.2018.1560544
Napoli G, Trovato MR, Giuffrida S. Housing Affordability and Income-threshold in Social Housing Policy. Procedia - Social and Behavioral Sciences. 2016 Jun;223:181–6. DOI: https://doi.org/10.1016/j.sbspro.2016.05.345
Baer L, Kauw M. Behavior of land markets and restrictions on housing access in Buenos Aires between 2003 and 2013. Int J of Hous Markts and Analy. 2016 Oct 3;9(4):538–53. DOI: https://doi.org/10.1108/IJHMA-10-2015-0062
Regassa B, Regassa N. Housing and poverty in southern ethiopia: examining affordability of condominium houses in hawassa city. E&S. 2015 Oct 20;8(3):155–69. DOI: https://doi.org/10.14254/2071-789X.2015/8-3/12
Lessing J, Stehn L, Ekholm A. Industrialised house-building – development and conceptual orientation of the field. Construction Innovation. 2015 Jul 13;15(3):378–99. DOI: https://doi.org/10.1108/CI-06-2014-0032
Zhu H, Xiong H, Tang F, Liu Q, Ge Y, Chen E, et al. Days on market: measuring liquidity in real estate markets. Proceedings of the 22nd ACM SIGKDD International Conference on Knowledge Discovery and Data Mining - KDD ’16. New York, New York, USA: ACM Press; 2016. p. 393–402. DOI: https://doi.org/10.1145/2939672.2939686
Napoli G, Giuffrida S, Trovato M, Valenti A. Cap Rate as the Interpretative Variable of the Urban Real Estate Capital Asset: A Comparison of Different Sub-Market Definitions in Palermo, Italy. Buildings. 2017 Sep 5;7(3):80. DOI: https://doi.org/10.3390/buildings7030080
Chau KW, Lai LWC, Liang J, Ng FF, Wong KT. The negative impact of public sector-led redevelopment projects on the prices of old and new housing units in high density urban areas. International Journal of Construction Management. 2019 Apr 23;1–9.
Agarwal S, Chen Y, Li J, Tan YJ. Housing upgrading in urban redevelopment. SSRN Journal. 2016; DOI: https://doi.org/10.2139/ssrn.2828541
Deitrick SE. Urban renewal and redevelopment. In: Smith AD, Hou X, Stone J, Dennis R, Rizova P, editors. The wiley blackwell encyclopedia of race, ethnicity, and nationalism. Oxford, UK: John Wiley & Sons, Ltd; 2015. p. 1–3. DOI: https://doi.org/10.1002/9781118663202.wberen269
Keller EJ, Mukudi-Omwami E. Rapid urban expansion and the challenge of pro-poor housing in Addis Ababa, Ethiopia. Africa Review. 2017 Jul 3;9(2):173–85. DOI: https://doi.org/10.1080/09744053.2017.1329809
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Shubhada S. Patil
This work is licensed under a Creative Commons Attribution 4.0 International License.
With the licence CC-BY, authors retain the copyright, allowing anyone to download, reuse, re-print, modify, distribute, and/or copy their contribution. The work must be properly attributed to its author.
It is not necessary to ask for further permission from the author or journal board.
This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge.
