Present trends in income and its impact on affordability of multi-ownership housing

Abstract

In accordance with the continuous urbanization of Dhaka city- the capital of Bangladesh, rural people are highly allured by its development of utility and facilitation. The increased rural-urban inflow has made Dhaka one of the top most densely populated cities of the world. One of the major challenges faced by the city is to address the housing demand of this increased population within their affordability. In facing up such challenges and targets, multi-ownership has emerged as the only viable option to avail ownership of housing. The objective of this paper is to find out the comprehensive scenario of current income trend and its impact on affordability of housing which are multi-ownership in nature. The discourse consists of analyzing the current income trend and affordability of target population through a questionnaire survey and case studies. Multiple cases has been selected from two different study areas of two distinct city corporations of Dhaka; one is from Southern part - Khilgaon and another one is from northern part – Matikata. Both the areas are mostly residential in nature and have similar growth pattern. Finally the end result is derived by comparative analysis of all the data of the case studies denoting the income trend with ownership pattern. The research result illustrates the contemporary manifestation of multi-ownership housing faucet.