Tuesday, October 06, 2009

How Cities Develop?

I have put together some thoughts on How Cities develop? in the form of an idea-book. Please feel free to download it here.

Introduction

Real estate development in every city is unique. Still hidden within, are certain principles that are common. To understand it, we need to understand two central concepts. First, how town evolve and second how evolution happens within a town.

I propose a seven phase model explaining how a population surrounding a business or factory transforms into a town. Through the transformation we point to some important developments in terms of people and their work.

The idea book postulates a growth model called “Affinity Factor Model” to explain how localities develop within a town. “Affinity factors” are those that drive the citizens towards them – e.g. business district and schools are key affinity factor.

The models help us understand why airports, usually built outside city limits, attract residential populations. Or, on a lighter note, we can guess where a company will locate its office!

We also derive a method to understand relative pricing between different areas. Further, we look at fundamental ideas for knowing if house prices are higher.

I also propose a structure of a township centred around a workplace based on first principles.



How Cities Develop