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Sample Best Use Study and Design Brief for a Plot In XYZ developers, December, 201X Forward Liases Foras was approached by XYZ developer to conduct Best Use Analysis and Design Brief development which helps them to take decision on future development plan for their ABC location located in Kandivali- East, Mumbai Maharashtra. The project is framed and developed under the head of MAHADA Redevelopment Policy. Following are the key statistical details of the project. The site is approximately XXX acres of the continuous land parcel. Cumulative development potential of the subject site is XXX sq.ft. of BUA (Built up area) as mentioned by XYZ developers. After the rehabilitation, built up area available for sale is 38,08,271 sq.ft. While, there are many ways to arrive at the recommendations related to product, price and phasing, we have considered rationales, which according to urban economics are most crucial for success of any location. All the recommendations and suggestions mentioned in the report are directly or indirectly governed by scientifically laid down theories and methodologies of Urban Economics. We hope the report will be helpful to XYZ developersto envisage the project and its future market outlook. Disclaimer The information provided in this report is based on the data collected by Liases Foras. Liases Foras has taken due care in the collection of the data. However, Liases Foras does not warranty the correctness of the information provided in this report. The report is available only on "as is" basis and without any warranties express or implied. Liases Foras disclaims all warranties including the implied warranty of merchantability and fitness for any purpose. Without prejudice to the above, Liases Foras will not be liable for any damages of any kind arising from the use of this report, including, but not limited to direct, indirect, incidental, punitive, special, consequential and/ or exemplary damages including but not limited to, damages for loss of profit goodwill resulting from: The incorrectness and/or inaccuracy of the information available on or through the Site Any action taken, proceeding initiated, transaction entered into on the basis of the information available in this report Terms of usage, Except as expressly permitted below, users of this report should not copy, modify, alter, reverse engineer, disassemble, sell, transfer, rent, license, publish, distribute, disseminate or otherwise allow access to all or any of the Information. 1 XYZ developers, December, 201X Contents Forward ...................................................................................................................................................... 1 Disclaimer ................................................................................................................................................... 1 List of Figures .............................................................................................................................................. 6 List of Tables ............................................................................................................................................... 9 Chapter: 1: Introduction ........................................................................................................................... 11 Aim ........................................................................................................................................................ 11 Objectives ............................................................................................................................................. 11 Site Location ......................................................................................................................................... 11 Study Approach..................................................................................................................................... 12 Study Components ................................................................................................................................ 12 Site Assessment and Prospected Future Development .................................................................... 12 Real Estate Market- Past Present and Future Outlook ...................................................................... 12 Product Assessment and Related Recommendations ....................................................................... 13 Recommendation on Development mix, Timeline, Phase Wise Product Mix and Launch Strategy .. 13 Preparation of Design Brief for Master Planning Exercise ................................................................ 13 Catchment Definitions .......................................................................................................................... 14 Chapter: 2: Site Assessment ..................................................................................................................... 15 Site Characteristics ................................................................................................................................ 15 Historic Development ........................................................................................................................... 15 Existing Land Use and Neighbourhood Profile ...................................................................................... 16 Proposed Connectivity .......................................................................................................................... 17 Impact of the Proposed Connectivity .................................................................................................... 18 State of Social Infrastructure ................................................................................................................ 19 Education Facility .............................................................................................................................. 20 Healthcare Facility ............................................................................................................................ 21 Retail (Cum Recreation) .................................................................................................................... 22 Ward Characteristics ............................................................................................................................. 23 Future Housing Dynamics of R-South Ward ...................................................................................... 24 Comparative Population Dynamics of MMR ..................................................................................... 25 Population Dynamics of Ward R/S .................................................................................................... 26 Future Housing Need Assessment .................................................................................................... 26 2 XYZ developers, December, 201X Chapter 3 Residential Market Dynamics ................................................................................................... 27 Introduction .......................................................................................................................................... 27 MMR Market Dynamics ........................................................................................................................ 28 Inter Suburb Performance ................................................................................................................ 29 Western Suburb- Market Dynamics ...................................................................................................... 30 Inter Location Market Dynamics in Western Suburb ........................................................................ 31 Catchment Market Dynamics ................................................................................................................ 32 Inter Location Market Dynamics in Western Suburb - Based upon New Launches........................... 34 Spatial Market (or the Distance Band) Analysis .................................................................................... 36 Inventory Movement ........................................................................................................................ 36 Sales Movement ............................................................................................................................... 37 Price Movement................................................................................................................................ 38 Price Trend Study .................................................................................................................................. 39 MMR ................................................................................................................................................. 39 Western Belt ..................................................................................................................................... 39 Catchment ........................................................................................................................................ 40 Location- Kandivali (E) ....................................................................................................................... 41 Price Determination .............................................................................................................................. 41 Summary- Residential Real Estate Market Movement ........................................................................
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