Contents
Undertaking i
Certificate iii
Acknowledgments v
Abstract vii
Table of Contents xi
List of Abbreviations xv
List of Figures xvii
List of Tables xxiii
1 INTRODUCTION TO THE DISSERTATION 1
1.1 Background and Context 1
1.2 Positioning the Directed Research Project (DRP) 1
1.2.1 Professional Domain 2
1.2.2 Research Domain 2
1.3 Literature Review and Research Gap 2
1.3.1 Literature pertaining to Mumbai Metropolitan Region and its History 2
1.3.2 Literature regarding Housing Sector in Mumbai 3
1.3.3 Literature regarding similar research conducted in different cities and different time periods 4
1.3.4 Research Gap 5
2 METHODOLOGY 9
2.1 Aim 9
2.2 Objectives 9
2.3 Approach to the Research Project 9
2.3.1 Methodology Matrix 9
2.3.2 Survey Methodology 12
2.4 Scope 15
2.5 Key Contributions 16
2.6 Limitations 16
2.7 Research Timeline 16
3 CASE STUDY: EMPIRICAL CONTEXT OF MUMBAI METROPOLITAN REGION (MMR) 19
3.1 Introduction to the Mumbai city, Mumbai Metropolitan Region (MMR) and its administrative setup 19
3.2 Regional Setting and Overview 20
3.2.1 Geography and Spatial Transformation 21
3.2.2 Regional and Development Plans Review 25
3.2.3 Demographic Trends 28
3.2.4 Economic Profile 31
3.2.5 Transport Profile 34
3.2.6 Housing and Real Estate Trends 36
3.2.7 Overview of Real Estate Sector in MMR 40
3.3 Conclusion of Empirical Context 42
3.4 Introduction to the Macro Markets 44
3.4.1 Andheri to Dahisar – Macro Market 1 46
3.4.2 Mira Road to Virar – Macro Market 2 46
3.4.3 Ghatkopar to Kanjurmarg – Macro Market 3 46
4 ANALYSIS AND RESULTS 49
4.1 Overview of the Household Survey 49
4.2 Macro Market 1: Andheri to Dahisar 51
4.2.1 Overview of the Market and Real Estate Characteristics 51
4.2.2 Respondent Profile 53
4.2.3 Current Housing Scenario 54
4.2.4 Future Housing Preferences 58
4.2.5 Correlation Analysis 61
4.3 Macro Market 2: Mira Road to Virar 64
4.3.1 Overview of the Market and Real Estate Characteristics 64
4.3.2 Respondent Profile 66
4.3.3 Current Housing Scenario 67
4.3.4 Future Housing Preferences 72
4.3.5 Correlation Analysis 75
4.4 Macro Market 3: Ghatkopar to Kanjurmarg 77
4.4.1 Overview of the Market and Real Estate Characteristics 77
4.4.2 Respondent Profile 80
4.4.3 Current Housing Scenario 80
4.4.4 Future Housing Preferences 85
4.4.5 Correlation Analysis 88
4.5 Conclusion of Analysis 90
5 DISCUSSION 93
5.1 Recommendations to the Macro Markets 93
5.1.1 Andheri to Dahisar 93
5.1.2 Mira Road to Virar 94
5.1.3 Ghatkopar to Kanjurmarg 95
5.2 Assessing the Demand and Supply for the preferred Micro Market 95
5.3 Proposal of a Model Project in the preferred Macro Markets 99
6 CONCLUSION AND REFLECTIONS 113
6.1 Contribution of the Research Project 113
6.2 Research Conclusion 114
6.3 Direction for Future Research 116
References 119
Appendix 1: Questionnaire of Primary Survey 121
Appendix 2: Land Parcel Supply Calculation for Andheri Micro market 129