Table 14: Commercial Properties

Table 13: Commercial Properties

COMMERCIAL YEAR WARD 11 2018 11000 2019 11120 WARD 8 11050 12500

WARD 9 9000 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

TREND ANALYSIS

18000 16000 14000 12000 10000 8000 6000 4000 2000 0 2017 2018 2019 2020 2021 2022 2023 2024

WARD 11 WARD 8 WARD 9 NOTE

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.

The potential for the construction of new buildings. Figure 36: Trend Analysis for Commercial Properties

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