Evaluating Land Valuation Techniques and Urban Development Practices in India

Abstract

The land value of any settlement is a cumulative outcome of the quality of the natural and built environment, which are an amalgamation of many factors. This paper presents the existing state-of-the-art land valuation techniques in urban areas. It discusses the impacts of urban growth parameters, i.e. accessibility, infrastructure, social-economic condition, etc., in detail for sustainable land valuation techniques. The study also developed an Ordinary Least Squares regression equation based on 258 primary sample points from Jaipur, India, to examine the relationship between urban growth parameters and land valuation. This paper is a step toward developing the land valuation models for land value practices.