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Monitoring the Spatial Structure of land values in Lahore Metropolitan area

Author

Listed:
  • Ayesha Khalid

    (GC University Lahore, Pakistan)

  • Ali Iqtedar Mirza

    (GC University Lahore, Pakistan.)

Abstract

Spatio-temporal variations in assessment of land values play a vital role in better urban planning and policy making. This study focuses on spatial structures of land values in Lahore metropolitan area by using different spatial and statistical techniques. The comparative analysis of land values for the years 2012 & 2018 is generated which is useful for planners, investors, and policy makers. The research is descriptive but explanatory in nature to show correlation between independent variables (real land values) and dependent variables (interpolated land values). The interpolation techniques which have the highest correlation coefficient, were used further processing. The inter category shift based on interpolation maps for comparison shows categorical shift which is useful for investors in future. The results indicate that the land values are higher in Central Business District and Gulberg Zone because of highly active business zone which increases the demand of the land which is ultimately increasing the value of land in Lahore metropolitan area.

Suggested Citation

  • Ayesha Khalid & Ali Iqtedar Mirza, 2020. "Monitoring the Spatial Structure of land values in Lahore Metropolitan area," International Journal of Innovations in Science & Technology, 50sea, vol. 2(4), pages 181-194, September.
    • Handle: RePEc:abq:ijist1:v:2:y:2020:i:4:p:181-194
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    References listed on IDEAS

    as
    1. Rose, Louis A., 1992. "Land values and housing rents in urban Japan," Journal of Urban Economics, Elsevier, vol. 31(2), pages 230-251, March.
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    5. Greg Costello, 2014. "Land price dynamics in a large Australian urban housing market," International Journal of Housing Markets and Analysis, Emerald Group Publishing Limited, vol. 7(1), pages 42-60, February.
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    Keywords

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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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