QUANTITATIVE ANALYSIS OF SOCIO-ECONOMIC DRIVERS OF HOUSING AND URBAN DEVELOPMENT PROJECTS IN MEGACITIES

Afolabi, A.O. and Ojelabi, Rapheal A. and Tunji-Olayeni, P .F and Omuh, I. O. and Afolabi, Adesola (2018) QUANTITATIVE ANALYSIS OF SOCIO-ECONOMIC DRIVERS OF HOUSING AND URBAN DEVELOPMENT PROJECTS IN MEGACITIES. International Journal of Civil Engineering and Technology (IJCIET), 9 (6). pp. 1096-1106. ISSN 0976-6316

PDF Download (171Kb)

Abstract

The exponential growth in the world population, coupled with the high ruralurban migration is leading to the graduation of ordinary cities to Megacities. With the status of mega-cities comes their special need in terms of housing and other urban development infrastructures. The study aimed to carry out a quantitative analysis of socio-economic drivers of housing and urban development projects in Megacities. The research design used a cross-sectional survey through a questionnaire instrument.Out of two hundred (200) questionnaires distributed to policy makers and construction professionals employed in government agencies, a total of one hundred and fifty seven (157) questionnaires were retrieved. Using Statistical tools of Principal Component Analysis (PCA) and Categorical Regression the Housing and Urban Development project crucial for the sustenance of Megacities were grouped while the socio-economic drivers that engender investment towards housing and urban development projects were identified. It is important that population growth in megacities are properly controlled as to forestall pressure on available infrastructures. Politics and the supply of necessary housing and urban development projects should not mix, as they are separate entities. In project financing, government should intensify adequate taxation policies to effectively fund different classes of housing and urban development projects in megacities.

Item Type:	Article
Uncontrolled Keywords:	Construction Industry, Housing, Investment, Mega-Cities, Socio-Economic
Subjects:	T Technology > T Technology (General) T Technology > TH Building construction
Divisions:	Faculty of Engineering, Science and Mathematics > School of Engineering Sciences
Depositing User:	Mrs Hannah Akinwumi
Date Deposited:	06 Jul 2018 07:57
Last Modified:	06 Jul 2018 07:57
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/11106

Actions (login required)

View Item