Evaluation and Assessment of Social Cost-Benefit Analysis of the Real Estate Sector in Pune by Quantitative Analysis
Vipul S Patil
, Prof. Bhushan Tatar , Prof. Deelip B Kalekar
Cost-Benefit Analysis, Real Estate sector, Economic benefits, Social Benefits
A Social cost benefit analysis, also known as economic analysis, is a decision-making strategy which helps in assessing the impact of investment business projects on the society as a complete. Pune, known as the Oxford of the East and considered a pensioner’s paradise is rapidly transforming to a bustling economic center of India. Pune is the ninth-most populous city in India and the second largest in the state of Maharashtra after the state capital city of Mumbai. It is also the 101st largest city in the world, by population and is considered one of the fastest growing cities in the Asia-Pacific region. Pune aspires to create a model neighborhood of livability and sustainability matching global standards in the selected local area by fully deploying all smart city features in a “future ready” manner. Future ready is critical because as the area develops, it will undergo a 4x population growth by 2030 (from 40,000 to 160,000). This will further impact the current scenario of real estate and the local Purities too. As a result of all this, retail companies and shops are finding it a potential market for high end lifestyle products resulting into better and quality shopping complexes. But on the other hand, the local shop owners and vegetable - grocery sellers and other such small enterprise holders have suffered a major loss. The impact of social cost-benefit analysis can be positive or negative. The positive impact is called as a social benefit and the negative impact is termed as a social cost. SCBA is different from CBA in the sense that it has an extensive view because it tries to study the social values of the entire society rather than taking into account the profitability of individuals who are a section of the society. Hence, this study is undertaken to evaluate the impact of this growing real estate business on the social - cost aspects of the society. The aim of this study will be achieved through quantitative analysis by performing survey and conducting interviews with the small scale enterprise holders, the real estate business professionals and the staff at construction sites. The questionnaire will be analyzed with Relative importance index method. The results of this survey will be presented through a SWOT framework and recommendations will be made to overcome the negative impacts obtained from the findings.
"Evaluation and Assessment of Social Cost-Benefit Analysis of the Real Estate Sector in Pune by Quantitative Analysis", IJSDR - International Journal of Scientific Development and Research (www.IJSDR.org), ISSN:2455-2631, Vol.5, Issue 12, page no.166 - 171, December-2020, Available :https://ijsdr.org/papers/IJSDR2012024.pdf
Volume 5
Issue 12,
December-2020
Pages : 166 - 171
Paper Reg. ID: IJSDR_192781
Published Paper Id: IJSDR2012024
Downloads: 000347285
Research Area: Engineering
Country: Nashik , Maharashtra , India
ISSN: 2455-2631 | IMPACT FACTOR: 9.15 Calculated By Google Scholar | ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.15 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publisher: IJSDR(IJ Publication) Janvi Wave
