Understanding Peri-urban land market : A changing perspective of urbanism in Bengaluru, India

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Published Sep 8, 2021
Amrutha Varkey

Abstract

Bengaluru is one of the fastest growing cities in Asia. The real growth of Bengaluru started after 2000, this is mainly due to the establishment of industries and IT parks in the peripheral areas of the city. Peri-urban regions include a great deal of changes and exercises are occurring because of fast urbanization and populace development (Wehrmann,2008). Gradually peri-urban areas have become the engine of economic growth, there are two important changes at this context. One the changes in the land use pattern, the other is  the changes in the land value. These two factors are responsible for the growth of a land market in the periphery. This study focusses on the dynamic transition of the peri-urban land market in the backdrop increasing land prices in the periphery.

There is an extreme interest for land with escalating urban land prices in rapidly growing metropolitan cities of India. The land price is diverse across various regions of a city. That is, the estimation of land value in the city centre is not exactly equivalent to that of the land value in peripheral zones. The question of what decides land price has engaged the domain of land over two centuries years also, has been a critical research problem in the land market. The rising interest for urban land, in this manner will in general be met basically by changing over peri-urban rural land at the fringe of the built-up area (Toulmin, 2008). This study  investigated the pattern of land price in the peripheral areas of Bengaluru. A primary data survey is conducted to capture the market value of land prices. The determinants of the land prices are captured using multiple regression. Unquestionably land price is a significant factor determines land value.

In this study a primary data survey is conducted to identify the land transactions in the East and South Bengaluru periphery and identified 500 land transactions including 250 buyers and 250 sellers land transaction. The category of buyers and sellers, time period is explained in the article, using these 500 transactions, the determinants of land sale and land purchase in the periphery is identified. Double log model is used to capture the determinants of land sale and land purchase. The models show land price, land use pattern, distance and income are the important determinants of the land transactions.

How to Cite

Varkey, A. (2021). Understanding Peri-urban land market : A changing perspective of urbanism in Bengaluru, India. SPAST Abstracts, 1(01). Retrieved from https://spast.org/techrep/article/view/217
Abstract 10 |

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References
[1] Toulmin, C., & Quan, J. (2000). Evolving land rights, policy and tenure in Africa. DFID/IIED/NRI.
[2] Wehrmann, B. (2008). Land conflicts: A practical guide to dealing with land disputes. Eschborn: GTZ.
Section
SF2: Ecological Restoration: Land and Underwater