This project was initiated by the students Aayushi Anand, Swapandeep Kaur and Taniya under the mentorship of Dr. Govind Singh as Semester-long research project at Cluster Innovation Centre, University of Delhi.
Initial Project Summary: The Green Rating of Colonies in Delhi is a novel and innovative project aimed at promoting market solutions to environmental problems through understanding market mechanisms and property rights. As a pilot study, the project will identify key residential colonies in different parts of Delhi and rate them on an Environmental Performance & Quality Index (EPQI). The EPQI which will be developed will encompass indicators like pollution status, water/ energy access, ground water level and availability etc. to bring forth the relationship between environment and property value. The index will be plotted/ mapped on a spatial database and will be made available through a web interface. The EPQI will be developed and implemented in such a manner that it will influence property rates and will have the potential to be up scaled as a business venture in the forever booming real estate sector.
The Project Report of this research project was submitted to Cluster Innovation Centre, University of Delhi and was evaluated.
Click here to Download the Project Report