Value Capture Finance: An Innovative Urban Tool
PAGE 39
Table 13: Commercial Properties
COMMERCIAL
NOTE
YEAR
WARD 11
WARD 8
WARD 9
2018
11000
11050
9000
2019
11120
12500
9200
2020
13200
12620
9300
2021
13973.33333
12985.85802
9323.431457
2022
15617.77778
13120.98859
9362.29765
2023
16681.48148
13362.59788
9379.258556
Source: Estimates made by the authors based on cadastral data available on smart data cities website.
Using Trend analysis, the following study was carried out and prices were predicted. For 2022 AND 2023 Year using the formula.
TREND ANALYSIS 18000 16000 14000 12000 10000 8000 6000 4000 2000 0 2017
2018
2019 WARD 11
2020
2021 WARD 8
2022
2023
2024
WARD 9
Figure 36: Trend Analysis for Commercial Properties
The potential for the construction of new buildings. Potential for New construction We need to estimate the total value of new construction generated by the Program’s interventions in each of Section within the impact area (a)The first step is to use cadastral data to estimate the total land area with potential for construction of new buildings in each Section (b). We assume that all new building construction will be about 1000sq ft, and data about number of vacant lot is obtained from data smart cities website (even though some existing buildings could be expanded or replaced by larger ones)
Where: Projected revenue total value of the new buildings generated by the Ring road project Silvassa Total lot surface with potential new construction in Ring road project Silvassa Percentage of the lot surface available for construction in section Ratio total construction/ total surface on land available for construction in section Average cadastral value per M2 of construction in section
BHUMIKA RAJ UC5316
