Gentrification is the phenomenon when more wealthy people moving into lower-income communities. They often faces opposition, sometimes for the wrong reasons.
Now the important question is-Is urban redevelopment good or bad? On one hand, urban redevelopment can provide significant benefits to the new and existing urban residents. On the other hand, gentrification can impose risks and costs to vulnerable communities.
There is a new type of gentrification emerging—
In several cities around the world, neighbourhoods that have benefited from environmental greening are becoming an object of desire among real estate professionals, who raise the price of housing, thus attracting a new, wealthier segment of the population searching for new solutions.
As neighborhoods become greener, they also become more attractive… and more expensive. In several cities around the world, neighborhoods that have benefited from environmental greening are becoming an object of desire among real estate professionals, who raise the price of housing, thus attracting a new, wealthier segment of the population. This process is called “green gentrification.”
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Rashid's Blog: A Place for Inquisitive Souls 