Cost modeling of integrated urban development

Abstract

The article addresses land and property sustainability management objectives to implement the idea of sustainable development of urban areas. It is noteworthy that a land plot serves as the urban development framework that goes through the following stages in the process of transformation: 1) idea and conception of improvements; 2) design of improvements; 3) construction; 4) operation; 5) facility liquidation. The authors emphasize that the effective reproduction of housing requires tools of spatial economic modelling of projects for the integrated development of areas. Principal components of the basic element of the urban fabric were analyzed to develop the cost model of the integrated development of urban areas. In addition to elements of basic infrastructure (social, engineering, public and business, housing, transport infrastructure, as well as infrastructure for economic activities), the model has improvement factors for each unit of infrastructure, which demonstrate the need to improve the quality of basic elements against the regulatory benchmark to increase the total capitalization of urban assets. Sources of funding the integrated development of urban areas are presented as two units of infrastructure divided into funds of households, developers (builders), construction co-investors; funds of corporate suppliers of resources; budget resources; loan resources. To ensure the integrated development of areas, not involved in urban planning activities, cost models were developed for the integrated development of areas occupied by industrial enterprises, dilapidated individual houses, country houses and mom-commercial partnerships of gardeners, as well as disturbed urban areas (shallow and flooded areas, ravines, steep slopes). The ability to take into account features of each area will facilitate the sustainable development of cities and the whole country.