Goa election results: Where the BJP was hit in maps

At 3 pm, three states have been settled. But the fight is still open in two states, one of them being Goa. In the 40-member assembly, the BJP is down from 21 seats to 14 wins/leads, ceding ground to the Congress and other parties. Here are three pockets where the BJP has seen a fall over 2012.

Rural seats (3/12)

In the 12 assembly constituencies where the rural population was above 56%, the BJP has seen its count drop from 8 in 2012 to 3 this time. Those gaining included the Congress (from 3 to 5), Maharashtrawadi Gomantak Party (2 seats) and independents (2 seats).

 

1

 

Poor-amenities seats (3/12)

There are 12 assembly constituencies in Goa where 22% households or more don’t receive drinking water inside their houses. The BJP’s count in such seats fell from 9 to 3.

 

 

2

 

‘Richer’ households (3/12)

In the 13 Goa constituencies where the percentage of ‘richer households’—defined as households who, under Census 2011, were recorded as owning a motorised two-wheeler/four-wheeler, TV set, computer and phone—was above 25%, the BJP bettered its 2012 showing (from 5 seats to 6 seats). But in the 12 constituencies where such households made up less than 18%, the BJP’s count fell from 9 to 3.

 

Track Goa Election Results 2017 here

 

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The common ground between Greater Noida, Gurgaon and Goa

This piece originally appeared on Livemint.com

 

Two of these districts, Greater Noida and Gurgaon, are concrete, practical outgrowths of the National Capital. The third, Goa, is a laidback corner by the western coast. What binds them here is real estate—more specifically, housing as an investment. According to Census 2011, these three are among the 37 urban areas (districts or other civic units) in India where the percentage of vacant houses exceeds 20%—roughly twice the national average in urban areas.

Most such houses have been purchased not with the objective of living in them, but from the standpoint of investment. Such is the volume of investor interest and the nature of Indian real estate that even supply gluts don’t have the effect of hammering down prices. It poses the larger question: as India urbanizes, how will it provide affordable housing to its teeming migrants?

Greater Noida, Gurgaon and Goa are housing-investment hubs

 

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According to Census 2011,more than 20% of houses were lying vacant in the urban part of 37 districts or other, smaller units of urban geography. In order to level the effect of a small sample size in identifying areas that draw above-normal

interest in real estate as an investment, we excluded areas—21 in all—where the number of vacant houses was less than 10,000. The 16 urban areas left with the highest rates of vacancy were led by Greater Noida, where more than half the houses lay empty. North Goa and South Goa were ranked four and six, respectively. In terms of number of vacant houses, Navi Mumbai Panvel Raigarh was the highest, followed by Gurgaon.

Empty houses don’t translate into lower prices

 

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Conventionally, vacant houses in an area should be an indicator of oversupply, and should lower prices there. But that’s not the case in the Indian real estate market, where people who want to invest in a house—as opposed to those who want to live in it—hold greater sway. Thus, it can lead to a peculiar situation like Greater Noida, which has delivered the highest price appreciation in the two-year period to June 2014 despite half its houses lying empty. Comparing price appreciation in 23 cities tracked by the National Housing (NHB) Bank Residex index with their respective vacancy rates shows there’s little correlation between the two variables.

Vacant houses exacerbate India’s housing shortage

 

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High levels of investor and speculator interest in real estate exacts an economic and social cost. It increases housing prices and elbows those who cannot afford it further to the periphery. In 2012, India’s housing shortage in urban India—comprising the homeless and people living in crumbling and congested houses—was estimated at 18.78 million houses. Around the same time, 11.09 million houses—60% of that housing shortage—lay built but unused in urban India, mostly because investors were playing the waiting game for a return.

 

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