Affordable Housing in Pune

In: Other Topics

Submitted By NikitaChalana
Words 4151
Pages 17
Secondary Report
Affordable housing as a part of the smart cities mission in Pune

TABLE OF CONTENTS

I.

Introduction .............................................................................................................. 1

II.

Literature Review..................................................................................................... 6
a. Affordable housing and slum redevelopment in a global context ..................... 6
b. Affordable housing and slum redevelopment in India ....................................... 7
c. Affordable housing and slum redevelopment in Pune ....................................... 9

III.

Need Assessment ................................................................................................... 10

IV.

Bibliography .......................................................................................................... 12

Introduction
The term, “smart city” can be rather nebulous when taken by itself; there exists no widely accepted definition (Ministry of Urban Development, 2015, p. 5). The significance of a smart city varies across countries and cities, making it imperative to examine what the name means in the Indian context.
As per the government, a smart city has three major features: a strong infrastructural core that induces high-quality living, a sustainable, clean environment and “smart solutions” (Ministry of Urban Development, 2015, p. 5).
Even this concise description of smart cities seems to depict a highly dense, multi-faceted landscape and thus it perfectly conveys the complexity of a city that is to be considered
“smart”.
Naturally, implementing such an ambitious model for urban development in India would require tackling an endless number of issues. This is why the following report chooses to focus on but one, examinable, component of a smart city;…...

Similar Documents

Housing

...In my research over the housing market in my journey to buy my first home I have found some interesting things. There is a lot to be considered when buying a home, and it is not just how nice the house is. I have to consider ten things in this process of purchasing my home. I will showcase these by giving you an example of each step that I have found in some articles that I have read. There is two sets of principles and the marginal benefit that also has to be considered. The first principle is that most people face many trade offs. They trade what they have for either something better or something that is worse than their present living situation. This is something that most renters have to live with. The second principle is considering the cost of something and what you have to give up for what you are getting. This is very true for those who are first time home buyers. When you choose to buy from renting you have to look at the cost of your mortgage and what you will have to figure out what you are loosing to pay it. With your marginal benefits you in a way that will help you to make the right decisions in buying your home. You have to be able to decipher the marginal benefits from the marginal cost. Marginal cost is what you will pay over all for everything from the closing cost to the moving cost. You have to make them balance out with each other to have a successful move. The one thing that I have taken from the articles that I have read is that I am one who......

Words: 391 - Pages: 2

Housing in Nigeria

... Of all the facets of human environment, a few influences a man’s life more than that of a house in which he seeks shelter, security, comfort and dignity. It is indeed where he begins and ends his days. Proper housing is an important need for every human being. Man’s proper utilization of his resources and economic wellbeing greatly depends on the type of accommodation he has been provided with. “a decently housed citizen is a more productive individual, a good housing scheme complimented by high environmental standard equates with less expense on public health, and less adverse social effect produces a higher gross national income figure for a country” . This is why it is generally accepted that good housing is a social index of a good government especially in developing countries like Nigeria should especially accept the provision of housing as a major social responsibility. Housing is a set of durable assets, which accounts for a high proportion of a country’s wealth and on which households spend a substantial part of their income. It is for these reasons that housing has become a regular feature in economic, social and political debates often with highly charged emotional contents(Agbola, 1998). All governments in Nigeria since independence highlighted housing as a major priority. Unfortunately for over 47 years of its independence, Nigeria is yet to develop a vibrant mortgage market and houses continue to be provided through the tortuous traditional method of......

Words: 3860 - Pages: 16

Demand and Supply of Housing

...DEMAND AND SUPPLY FOR HOUSING The determination of prices in local and regional housing markets is a classic example of microeconomics in action! We are seeing the interaction between buyer and seller with prices being offered and agreed before a final transaction is made. In this section we focus on the demand and supply side factors that determine the value of properties in a market. Each housing transaction in the UK depends on a) The price that the seller is willing to agree for their property with the prospective buyer b) The actual price that the buyer is willing and able to pay. Buyers place offers for a property that the seller can either accept or reject A Sellers’ Market When the market demand for properties in a particular area is high and when there is a shortage of good quality properties (i.e. supply is scarce) then the balance of power in the market shifts towards the seller. This is because there is likely to be excess demand in the market for good properties. Sellers can wait for offers on their property to reach (or exceed) their minimum selling price. A Buyers’ Market Conversely when demand both for new and older housing is weak and when there is a glut of properties available on the market, then the power switches to potential buyers. They have a much wider choice of housing available and they should be able to negotiate a price that is lower than the published price. When the demand for houses in a particular area increases (perhaps......

Words: 4176 - Pages: 17

Real Estate in Pune

...MarketScope A review of market activity by Trammell Crow Meghraj Pune Residential Market Midyear 2006 A boom in the IT/ITES industry has brought with it people who are moving and settling in Pune. The flourishing IT / ITES sector has been instrumental in driving Pune’s realestate to an all time high. Western Pune had been the most prominent real estate development corridor due to proximity to Mumbai, excellent road connectivity due to Expressway & Mumbai – Bangalore Bypass and presence of Hinjewadi IT Park. However the focus of development is shifting towards the north eastern corridor on Nagar Road. Proximity to the airport, prime residential areas like Koregaon Park & Kalyani Nagar and proximity to the central area / core city are the key reasons for the emergence of areas like Kharadi as a IT / ITES destination. Residential activities across all the submarkets have been generally sluggish. Key reasons for a slowdown in this quarter could be attributed to gradual increase in prices of properties and hike in the intrest rates of home loans. Market Makers § Mirchandani Developers launched their integrated residential project, PALMS in Pimple Nilekh at USD 54 per sq. ft. launch price. § Vasant Developers launched a scheme of 224 flats of 2 and 3 BHK project Vasant Avenue in Pimple Nilekh at USD 44 per sq. ft. launch price SUPPLY Stagnant Pune has witnessed trickling supply of residential space in this quarter, which is estimated approx. 0.25 million sq. ft. The...

Words: 903 - Pages: 4

Housing

... unemployment insurance and tax credits, employment and labour programming, education, health and social housing, and social services. In practice, however, the presentation was mainly limited to those areas of social policy that were under review in Canada at that time: those related to employability programming, income security, and learning. In Canada in 1994, the federal department of Human Resources Development (HRDC) administered or contributed to the financing of most of the programs within the scope of the review that was then taking place. This included unemployment insurance, student loans, transfers to the provinces to share the cost of social assistance and postsecondary education, and a wide range of employment and social development programs. Programming was administered through a decentralized network of regional and local offices. HRDC also administered programs that provided pension benefits to seniors and a number of programs related to equity and to labour legislation in areas of federal jurisdiction. Federal tax policy also influenced social policy in a variety of direct and indirect ways. The child tax credit was a particularly important element. Options relating to it were included in the Discussion Paperii referred to below. Other federal departments had responsibilities for related programming in areas like health, public safety, and social housing. Statistics Canada produced information about most dimensions of the social system. The provincial and......

Words: 17843 - Pages: 72

Housing

...Application for Subsidized Housing in Ottawa For Office Use Only Date: Rec. by: The application must be completed in full and returned to: The Registry 2197 Riverside Dr., 5th Floor Ottawa, Ontario K1H 1A9 Phone: 613-526-2088 Version française disponible. 1. Eligibility Rules To be eligible for subsidized housing, you must meet all of the following conditions: • • • • • All members of the household must be a Canadian citizen, Landed Immigrant, Refugee or Refugee Claimant. No member of the household is currently under a deportation, departure or exclusion order to leave Canada. At least 1 person in your household must be 16 years of age and older. No member of the household owes money to any social housing provider. No member of the household has been convicted of an offence in relation to rent-geared-to-income assistance or found by a court of law or the Landlord and Tenant Board to have misrepresented their income for the purpose of rent-geared-to-income assistance. If you own a house or rent any other property, you must agree to sell it or terminate the lease within 180 days of being housed. You must be able to live independently, and make your own arrangements for support services. • • 2. Additional Information • • • • • • • • You must report any changes to this information directly to The Registry. You must update your application at least once per year with The Registry. Failing to provide updated information will result in the cancellation of your......

Words: 5133 - Pages: 21

Public Housing

...Public Housing in Urban Communities Abstract In this paper I will be discussing the many aspects of the public housing authorizes. Working for the Jersey City Housing Authority, I see first hand the many problems that are going on and also living in public housing I have seen the many ups and downs as well. For example, the budget cuts that are going on throughout the United States are causing more public housing to loose funding and are causing them to down size in staff and housing as well. Many of the public housing sites in the United States are privatizing because they don’t have the funding and staff to manage these sites that are considered to be severely distressed. What is public housing? According to the U.S Department of Housing and Urban Development (HUD): Public housing was established to provide decent and safe housing for eligible low-income families, the elderly, and persons with disabilities. Public housing comes in all size and types, from scattered single family houses to high rise apartments for elderly families. There are approximately 1.2 million households living in public housing unites, managed by some 3,300 HAs. However, over the past few years public housing has changed. For example, there are less funding for public housing and now a lot of the public housing sites all over the United States are being privatized. In 1980, many changes started to occur......

Words: 603 - Pages: 3

Housing in Mississippi

... Housing in West of Mississippi Name: Instructor: Course: Date: Housing in west of Mississippi Relocating to a new town comes with many challenges. Before relocating to a new city, you must consider many economic conditions before making any financial decision. Before choosing a preferred location for my new home, I have to look at my finances. I have to find an affordable house for me, the one having all the benefits I am looking for as well as fit into my budget. The strength of an economy will play a major role in my decision to rent a house. The current housing prices in the cities west of the Mississippi River are because of many different factors. I did my research in for cities west of the Mississippi River: North Dakota, Oklahoma, Lowa, Louisiana, and Virginia. The research was based on the prices for a 3-bedroom, 2-bath condo. The prices of these homes vary from city to city. In North Dakota, The house cost $135,000 payable for 15 years at an interest rate of 4.93%. In Oklahoma, Virginia, and Lowa, housing unit cost $150,000 that is payable for 15 years at an interest rate of 4.93%. Finally, in Louisiana, the same housing unit cost $100,000, that you can pay for 15 years at the same interest rate of 4.93%. After careful analysis, I decided to settle on Virginia due to the following reasons: the cost of living is cheap, there are great chopping areas, it has excellent road network, it has great parks to travel, the weather is excellent, and finally, it has a wide......

Words: 419 - Pages: 2

Affordable Housing in Nj

...“Opening up the Suburbs”: An Evaluation of Affordable Housing in New Jersey American Literary Critic, Henry Louis Gates once stated, “If Martin Luther King came back, he’d say we need another civil rights movement built on class not race”. Although Gates statement is expandable by many examples, an area particularly demonstrating this inequality among classes, is exclusionary zoning. These local laws have been seen to detain lower-income individuals from residing in certain communities by mandating specifications on lot sizes, types of housing, and the number of buildings and occupants allowed. Consequently these factors trigger an increase in community housing costs, and thus drive away lower-income individuals. In the past few decades however, states’ tolerance for exclusionary zoning have dissipated, and new zoning requirements to enforce realistic housing opportunities have been enacted. Particularly, the state of New Jersey has chosen to tackle affordable housing through the judicially enforced Mount Laurel Doctrine. Yet even under its establishment, the doctrine’s history and evolvement has proven that “opening up the suburbs” follows with the opening of controversy. Since the doctrine’s creation, courts have been confronted with hundreds of litigations from developers and municipalities stemming from Mount Laurel’s questionable creditability and changing demands. The Mount Laurel Doctrine was originally created off the court decision made in Southern Burlington......

Words: 3358 - Pages: 14

Affordable Housing - Kenya

...Affordable Housing – Some Experiences From Kenya Wafula NABUTOLA, Kenya Key words: Affordable, Mortgage, Sweat Equity, Home, House, Space, Settlements. SUMMARY Shelter is a physiological human need. It is like food. So much so that even those who cannot afford it still need it. By its nature housing represents a major investment requiring a substantial capital outlay. In the majority of housing projects, the developer whether as a corporate or individual has to borrow, beg or steal! Kenya’s GDP is reasonably large but is not growing at the rate that would be classified as booming. In fact the population growth at 2.9% is higher than the GDP growth at 1.1%. These are 2002 figures and therefore are quite current. The purchasing power parity is USD 346.00 per annum. The income per capita per day is USD 0.95! At that rate affordability of anything let alone housing is a big challenge. I am interested in this study because I know that more than one third of Kenyans (12 million – 9 million in rural and 3 million in urban areas) in both the urban and rural areas do not have access to decent and affordable housing. This study seeks to uncover the root causes and effects of abject poverty and suggest ways and means of mitigating those circumstances. TS12 – Housing – Costs and Finance Wafula Nabutola TS12.2 Affordable Housing – Some Experiences from Kenya FIG Working Week 2004 Athens, Greece, May 22-27, 2004 1/17 Affordable Housing – Some Experiences From Kenya Wafula NABUTOLA,......

Words: 7778 - Pages: 32

Affordable Housing

...Affordable Housing Environmental Science 115 Dr. Kip Thompson Tony Baker 11 May 2014 Affordable Housing Are poor people priced out or can it be they can’t afford housing in select areas? “Rising mortgage interest rates will price out some potential buyers (usatoday.com, 2014).” However, looking at what is affordable and what is not, one has to look at the location as well as characteristics of what type of home is being built. “The average share of the home’s sales price which goes to the construction costs jumped from 59 percent in both 2009 and 2011 to 62 percent in 2013(eyeonhousing.org).”  The land the home is built on is a small percentage of the value of the home as well. Home prices are also based on classes of how the home is constructed and location. The usual four classes of homes built in the US can be categorized as economy home, average home, custom built, and luxury built. In some areas homes can be priced well below the construction cost. In large areas of country, like outside of city or rural areas, the price of purchase will come even closer to construction cost. Cities and suburbs on the other hand is where the prices of homes is much higher than the cost of new construction. Even though they do not represent the norm, this can be construed as pricing certain individuals out of cities and suburbs. Supply and Demand Why do some areas fair better than others when it comes to home prices? High cost areas fair better......

Words: 803 - Pages: 4

Brts in Pune

...PUNE BUS RAPID TRANSIT SYSTEM By: Nischay Sharma 2.0 Bus Rapid Transit System in Pune 2.1 Context Pune is the eighth largest metropolis in India and the second largest in the state of Maharashtra. It is situated 560 metres (1,837 feet) above sea level on the Deccan plateau at the right bank of the Mutha river .Pune city is the administrative headquarters of Pune district and was once the centre of power of the Maratha Empire. Pune is known to have existed as a town since 847 AD. It was the first capital of the Maratha Empire under Chhatrapati ShivajiRaje Bhosale. In the 18th century, Pune became the political centre of Indian subcontinent, as the seat of Maratha Peshwas who were the prime ministers of the Maratha Empire. Pune is the cultural capital of Maharashtra. Since the 1950-60s, Pune has had traditional old-economy industries which continue to grow. The city is now also known for Manufacturing, Automobile, Government & Private sector Research Institutes, Information technology (IT) and Educational, Management,Training institutes that attract migrants, students and Professionals not only from India but also students from South east Asia, Middle East and African countries. As per the 2011 Census of India estimate, the population of the Pune urban agglomeration is 6,049,968.In the last 50 years, the city’s population has grown by more than five times. The growth in population testifies to the vibrancy of its economic activity. Today, Pune has a......

Words: 6556 - Pages: 27

Housing

...http://referaty-seminarky.cz/housing-in-the-usa/ Housing in the USA Americans are a mobile nation. The average owner stays in a house only five years, before moving somewhere else. Due to low interest rates, the majority of families in the USA own their own homes. Usually these are separate houses with yards. Houses in US are still very inexpensive compared to Europe. There is a dark side to families moving so much, and such distances. Family ties are not nearly so strong in the US as in other countries. Some parents and grown children living on opposite coasts may only visit each other twice a year. LIVING IN THE CITY Groups of owned apartments in one building (called “condominiums“ or “condos“) are not so popular as in the rest of the world. Usually they only are common in downtown areas. They are popular with people who want to buy their own home but don’t want to maintain a yard or a garden. Condominiums often have a lot of communal amenities, such as laundry room, swimming pools and fitness rooms. Young people, especially when they are single, normally can’t afford to buy a house or a condo right away. They usually live in rented apartments. There are apartments in older buildings, especially in big cities, but there are also a lot of modern apartment complexes. These apartments are almost always furnished, usually very nicely. AMERICAN HOUSES Houses vary greatly, but the dominant style of the last 30 years has been the ranch-style house. Houses are usually......

Words: 2025 - Pages: 9

Housing

...Community Observation Research Liberty University Sociology 200 Instructor: Today, I am working at the Housing Authority. I am interviewing new applicants for low income housing. I observed several different homeless situations for individuals in need of housing. My first encounter was a homeless veteran. He needed housing because he was living in a tent behind a Walmart store. Second, a young mother of three was in need because her home was destroy by a fire. They were currently living from family member to family. Third, an elderly lady was in need of housing because her house was heir’s property and being sold. Next, a lady was losing her home to foreclosure and a social worker is looking for housing for a young lady living at a hotel. Lastly, a couple has can no longer pay rent because the husband was injured and can no longer work. I have been affected by this because I feel the need to help all of them in any way I can. My thoughts have begun to race with many ideas of ways to find a place for each of them. I know as a servant of God I want to explore all the options available to me. It says in 1 Corinthians 4:11, “To this very hour we go hungry and thirsty, we are in rags, we are brutally treated, we are homeless.” I feel a need to make sure these individuals are getting fair treatment and they will not be overlooked. I have a lot of sympathy for any homeless person. I can’t imagine being in that situation. I am a single parent with only one income and I could......

Words: 476 - Pages: 2

Housing the Homeless

...Marlou Melendez Psychology 66 Prof. Sheryl Eden 4 November 2014 Housing The Homeless Based on the US Department of Housing and Urban Development there are about 578,424 homeless people — half of them concentrated in just five states: California, New York, Florida, Texas, and Massachusetts, which accounts for 4 percent of the nation’s homeless. Since 2007, the number of homeless in the United States has declined 11 percent. Housing First is an approach that offers permanent, affordable housing as quickly as possible for individuals and families experiencing homelessness. And there were debates regarding this program, "Is Housing First the best approach to ending homelessness?" There are two different views concerning this issue. Nan Roman the President and CEO of National Alliance To End Homelessness, stated on her argument that Housing First (based on research) is the most effective and least costly way to end homelessness for a majority of people. Nan Roman also stated on her argument that this strategy can help people who experience homelessness to quickly obtain housing supported with rentals assistance and services. There were premises that Housing First is based: that homelessness is traumatic and damaging, and that all people benefit from the stability of a home. Based on Nan Roman's argument, The Centers for Disease control and Prevention found that housing is essential to good health and that children do better at school when they have permanent place to stay.......

Words: 824 - Pages: 4