TO STUDY OF FACTORS AFFECTING RISK IN CONSTRUCTION OF SLUM REHABILITATION PROJECT AND IDENTIFY MITIGATION STRATEGIES
Kalp H. Shah
, Anand Patel , Dr. Samir Patel
Slum Rehabilitation, PMAY, risk identification, mitigation strategies
One of the greatest challenges that India faces according to census 2011 is increasing population and urbanization. Population as per census 2011 is 1200 million making India the second most populate country of globe, after china. Rapid urbanization is direct result of rocketing population. One of the most chronic and intense problem of urban life is slums. Slums exist in almost every metropolitan city of the globe. And so to overcome that, the trend of involving private sector in affordable housing segment is observed globally. In India, it has been mainstreamed through the Pradhan Mantri Awas Yojana (PMAY) under which one component deals with in-situ slum rehabilitation through the public–private partnership (PPP) mode in which the private sector brings in finance and skills to construct housing while the public sector provides land. Slum population makes positive contribution to the city economy by active participation in productive activities. For the better and fast sustainable development of these projects, it is needed for the companies, which engaged in these development projects to identify the risks involved in the projects and usefulness of mitigation strategies for the risks identified. This is the reason why this topic has selected to derive the probability and severity involved in the risks and best mitigation strategy for those risks in the slum rehabilitation projects by the companies which has been working under the PMAY by government of Gujarat. The findings, suggestions and conclusion of the study helps the government, private investors and financial institutions for identifying risks, properly allocating them and manage the projects in best possible way. It would also guide the stakeholders in selecting the best option for mitigating the effects of risks.
"TO STUDY OF FACTORS AFFECTING RISK IN CONSTRUCTION OF SLUM REHABILITATION PROJECT AND IDENTIFY MITIGATION STRATEGIES", IJSDR - International Journal of Scientific Development and Research (www.IJSDR.org), ISSN:2455-2631, Vol.6, Issue 5, page no.276 - 283, May-2021, Available :https://ijsdr.org/papers/IJSDR2105046.pdf
Volume 6
Issue 5,
May-2021
Pages : 276 - 283
Paper Reg. ID: IJSDR_193330
Published Paper Id: IJSDR2105046
Downloads: 000347287
Research Area: Engineering
Country: Ahmedabad, Gujarat, India
ISSN: 2455-2631 | IMPACT FACTOR: 9.15 Calculated By Google Scholar | ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.15 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publisher: IJSDR(IJ Publication) Janvi Wave
