Soon a city’s liveability rating will help a home buyer decide how good it is to buy a property in a particular city as the country is introducing a liveability index — a practice quite popular in the West. The liveability index will be unveiled at an urban development ministry workshop early next week.
Here are four things you should know about the index that would soon become live:
- The index will start with ranking the smart cities first. It is likely to cover the remaining cities across the country by and by.
- The liveability index would chart the progress of a city based on four different categories — social, institutional, economic and physical. These four categories would be divided into 15 sub-categories. This rating system will create competition among cities to get a better ranking. This is likely to improve the urban infrastructure of the cities.
- The liveability index would rank Indian cities on 77 parameters. These include their grievance redressal system, the level of air pollution and availability of water and power supply, providing online citizen services, upkeep of historical buildings, increase in tourist footfalls, the level of crime rate and the presence of traffic surveillance system and education.
- While rating a city, the highest weightage of 40 per cent will be given to the physical infrastructure, followed by governance at 30 per cent, the social system at 20 per cent and economic condition at 10 per cent.