Jagannath University Research Journal

All Volumes/Issues

Volume 5, Issue 1

Title : Comprehending the concept of urban planning in context with the real estate sector

Author : Monica Anand Kumar-a and Dr. Suman Paliwal-b

Abstract :

The urban planning and real estate industry collaborate seamlessly to create a better place and shape the cities’ social, economic, and physical environments. Urban planning aims to create sustainable, functional, and aesthetically pleasing communities through the systematic organization of land use, infrastructure, and amenities within cities. Within this framework, the real estate industry plays a crucial role, acting both as an agent of change and a beneficiary of city planning programs. Investment opportunities, property prices, and development policies all directly influence zoning restrictions, infrastructure investments, and other related issues. Factors such as proximity to amenities, transit networks, and environmental quality significantly affect property values, highlighting the clear relationship between urban design and real estate prices.

Real estate developers contribute to shaping the physical environment by constructing residential, commercial, and mixed-use projects. Aligned with urban planning objectives for environmental sustainability and resilience, sustainable development practices are increasingly prioritized. These practices include energy-efficient building designs and green infrastructure. To manage growth and ensure efficient use of land and resources, rules and regulations are implemented in many countries, including India. Town planning committees and the Real Estate (Regulation and Development) Act (RERA) are essential for regulating the real estate industry and ensuring compliance with urban planning standards. To build cities that are liveable for people of all ages and abilities, and sustainable in the long term, it is crucial for communities, policymakers, developers, and planners to collaborate.

This research focuses on the complex interplay between real estate and urban planning, examining how both fields influence city development and long-term viability. Understanding the impacts of urban planning decisions on property market dynamics leads to better-informed and more cohesive development plans.

Keywords: Urban Planning, Real Estate sector, urbanization, urban infrastructure,Town Planning Committee, RERA.

Download File