Abstract:
Indian metropolitan cities shows a consistent increase in the rate of Urbanization. Urbanization
has led to sparse outgrowth of cities. Employment opportunity has triggered migration in
various parts of the country which in turn has increased demand for housing. Development in
entertainment industries, economic activities hospitality has resulted into the colossal growth in
real estate. It is quite often that we witness asymmetrical real state growth in different part of a
city. This might be guided by the influential factors such as locational proximity and locational
influence. It is observed that various localities under different Administrative jurisdiction also
show varied rate of real estate growth rates. There are theoretical studies which shows
contribution of key factors like accessibility, lower land prices and lenient development controls.
This research focuses on influence of administrative status as an influencing factor in Real
estate development in any area. It also talks about the co relation between the status
possessed by different ULB’s and the level of real estate growth. Selecting two ULB of different
status located under same metropolitan/planning boundary is compared on various aspects
and their influence on the real estate development is assessed.
