Prioritising Parameters for Successful Implementation of Value Capture Mechanism - An Indian Urban Projects

Abstract

Value capture refers to the process of capturing a portion of the increase in property value resulting from public investments in infrastructure projects. It is an important tool for financing and sustaining urban development. This research paper presents a qualitative approach for value capture mechanism (VCM) in context to urban project. This study consists of parameter prioritisation with respect to revenue generation is studied using fuzzy analytic hierarchy process (FAHP), a multi-actor multi-criteria analysis approach is adopted. It is found that, administrative parameters, infrastructure parameters, geographical parameters, business parameters have criteria weights 0.38, 0.22, 0.19, 0.13 respectively. The research aims to propose appropriate VCM which can potentially contribute towards the investment cost of the urban project.