Abstract:
Urbanisation is increasing at a much higher rate. Due to the high rate of
urbanisation and industrial growth every city is expanding in terms of urban sprawl,
which led to a certain shift of city from the core to the periphery. This changes the
land use pattern of the periphery. In every metropolitan city land value of core is
high, in which there is very little or no space to build. This is forcing developers shift
to the periphery.
There is a sudden increase in construction at the periphery in the last few years to
cater to the demand for housing but still, there is large unmet demand and empty
stock. While the housing supply has been increased in numbers, the affordability
gap has also increased as policies usually do not focus on market segmentation.
There is a need is to identify the residential location choice preferences, to locate
different patches in the peri-urban areas for different socio-economic groups.
According to the report on the Estimation of Urban Housing Shortage (2012), there
has been an immense gap between demand and supply of urban housing in India.
The economically weaker sections (EWS) and low-income group (LIG) accounted
for about 96 percent of the total housing shortage in India. This shows that there is
a need for affordable housing which can bridge the gap between demand and
supply in consideration with the on-ground situation of different cities.
The research attempts to find the preferences of the people of different socioeconomic groups to attract the appropriate residential development at the
periphery and bridge the demand-supply gap. It identifies the factors that influence
the type of residential development at the urban periphery and generate future
scenarios of development responding to the demand. This result to identify certain
development pattern in case of different socio-economic groups at the periphery of
the Pune city.
Methods used for analysis is Ordinary Least Square Regression taking property
price as a dependent variable and Distance from Airport, Bus Stop, Railway
Station, Hospitals, College, Schools, and Buffer distance from Business Districts
were taken as independent variables. This method has been done in three stages,v
first for all the residential projects marked, secondly according to the different
socio-economic groups and third according to the spatial classification.
By the end of the research we will be able to identify the preference of parameters
for different socio-economic groups. It also predicts the location pattern for future
residential development in peri-urban areas. So that it could bridge the demand
and supply gap with minimum empty stock which can further lead to proper
utilization of land and other resources.