APPRAISAL OF APARTMENT BUILDING ACTIVITY BY PRIVATE SECTOR: NAGPUR

Abstract

In the context, where major population is concentrating in urban areas, with increase in the urban population the demand for land for residential as well as for other urban uses is continuously increasing for ahead of supply. As a result potential urban land is becoming rare with rapid increase in the price. Rapid and haphazard urbanization has led to urban housing demands, with ever increasing housing deficits in India. In Nagpur, apartment activity is virtually taking over old housing stock in existing plotted areas through development & redevelopment schemes, irrespective of extra pressure, which is put on existing infrastructure and resources by this redensification. The present analysis studies the impact of apartment building activity by private sector in Nagpur on the basis of Case study, selected separately at area level & building level. The objective is to identify the problems & potential of apartment building activity by private sector in Nagpur. Lastly, some recommendations are suggested considering both potential and problems to streamline and channelized apartment building activity in Nagpur city...