Value Creation in Real Estate Project: series 2 urban resilience
Value Creation in Real Estate Project: series 2 urban resilience What is meant with Urban Resilience :
“Urban resilience refers to the ability of cities and urban systems to withstand, absorb, and recover from shocks and stresses, such as natural disasters, economic crises, and social unrest.”
There are several types of urban resilience, including:
- Infrastructure Resilience :The ability of urban infrastructure systems, such as transportation, energy, and water, to withstand and recover from disruptions.
- Social Resilience: The capacity of urban communities to cope with and adapt to challenges, including social cohesion, public health, and economic stability.
- Economic Resilience: The ability of urban economies to withstand and recover from economic shocks, including business continuity and economic diversity. Example IT hub
- Environmental Resilience: The capacity of urban ecosystems to absorb and recover from environmental stresses, including climate change, pollution, and natural disasters.
- Institutional Resilience: The ability of urban institutions, such as governments and organizations, to respond to and manage crises effectively.
- Community Resilience: The capacity of urban communities to work together to prepare for, respond to, and recover from disasters and crises.
- Climate Resilience: The ability of urban systems to withstand and adapt to the impacts of climate change, including rising temperatures, sea-level rise, and extreme weather events.
- Disaster Resilience: The ability of urban systems to withstand and recover from natural disasters, such as earthquakes, floods, and hurricanes.
- Economic Shock Resilience: The ability of urban economies to withstand and recover from economic shocks, such as recessions and financial crises.
- Systemic Resilience: The ability of urban systems to absorb and recover from disruptions, while maintaining their core functions and services
These types of urban resilience are interconnected and often overlap, and cities may need to address multiple types of resilience to ensure overall resilience
NOC -Required to confirm there is no objection from concerned departments (fire, airport, environment, society, etc.).
OC- Required only if the project or building is completed and occupancy is involved.
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