Keywords: liberalisation, privatisation, globalisation, residential real estate, real estate markets, urban housing, sustainable urban development, housing preferences, housing development, India
Housing preferences and development study in the post LPG era in India: a case of Pune
Significant changes have been observed since 1991 in the nature and pattern of urban growth in India. Cities are in the midst of restructuring space, in terms of both use and form. The city of Pune is selected for primary field case study of urban housing and development scenario. Pune is one of the selected half a dozen urban agglomerations experiencing the developmental effects of liberalisation–privatisation–globalisation (LPG) process the country is undergoing since 1991. The analysis includes profile of the city, various facets of residential development, a detailed primary survey of households and real estate stakeholders. The paper concludes with key observations on residential real estate development and on the other hand suitable lessons are learnt from the housing preference study to establish the need for alternative sustainable urban development pattern for Pune in particular and other similar LPG affected Indian metropolitan cities in general.