Attributes of placemaking matrix in Business improvement district

placemaking - a process of transformation in which public places are converted into lively, inclusive and resilient spaces which promote community activity and enrich urban life. Spaces that are either not developed or overlooked in the multi-dimensional urban development and architecture process can be addressed through placemaking.This study incorporates Strengths, Weaknesses, Opportunities, Threats (SWOT) analysis into the Strategic Position and Action Evaluation (SPACE) matrix framework to create a full-fledged strategic planning framework for urban placemaking practices. Planners can establish the strategic posture (aggressive, conservative, defensive, or competitive) that is most appropriate for a particular urban setting by evaluating internal (strengths, weaknesses) while external (opportunities, threats) factors and charting them on the SPACE matrix. This integrated approach facilitates a nuanced understanding of the spatial dynamics and socioeconomic conditions that influence public spaces.In order to identify regions with substantial potential for placemaking initiatives, this study highlights the importance of incorporating spatial perspectives into strategic planning. The BID SWOT analysis may be further applied to create holistic strategies that utilize strengths to harness available opportunities while correcting weaknesses and reducing risks, as they use their allocated funds and stakeholder cooperation to carry out creative placemaking projects that improve the district's distinctive personality and attract tourists. By creating focused outreach initiatives to include small companies and underrepresented stakeholders in decision-making processes, BIDs can proactively address their shortcomings. BIDs may build more resilient and dynamic urban systems designed to withstand and accommodate community issues and economic challenges by encouraging inclusive collaboration and embracing a range of viewpoints. This research seeks 1) assess the usefulness of the SWOT analysis with respect to usability in placemaking interventions, (2) determine the limitations that exist in the present practice as it applies to urban placemaking projects, and (3) prepare a spatial SWOT Analysis coupled with a SPACE matrix, and recommended approaches for Urban Placemaking Intervention in BKC Mumbai. This study's review of area-specific dynamic elements was one of its drawbacks.