Social and Economic Impact of Heritage Conservation in Delhi: Case studies of Shahjahanabad and Nizamudinn Basti

Abstract

This research looks at the relationship between urban heritage conservation and social and economic development of the area. Effort is to develop and test some reliable indicators that can effectively be used regularly, meaningfully, credibly and consistently to measure the economic impact of historic preservation. over time (PlaceEconomics , 2011). This study aims to understand three broad ideas: (i) cultural, spiritual, political and aesthetic value of built heritage and attitude of people towards such values that cannot be captured by the market, (ii) economic value of heritage conservation through and (iii), make a case for increased public and private intervention in heritage conservation initiatives. This study adopts a case study approach and two historic areas of Delhi, namely, Nizamudinn Basti in South Delhi and Shahjahanabad in Old Delhi, have been covered.