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Please use this identifier to cite or link to this item: https://ir.iimcal.ac.in:8443/jspui/handle/123456789/905
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dc.contributor.authorGandhi, Sahil
dc.contributor.authorTandel, Vaidehi
dc.contributor.authorPethe, Abhay
dc.contributor.authorPhatak, Vidyadhar
dc.contributor.authorRisbud, Sushrut
dc.date.accessioned2021-08-26T05:54:58Z-
dc.date.available2021-08-26T05:54:58Z-
dc.date.issued2014
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-84897697862&partnerID=40&md5=d3726b6b60fc4e55a316888afe72dbcc
dc.identifier.urihttps://ir.iimcal.ac.in:8443/jspui/handle/123456789/905-
dc.descriptionGandhi, Sahil, Department of Economics, University of Mumbai, India; Tandel, Vaidehi, Department of Economics, University of Mumbai, India; Pethe, Abhay, Department of Economics, University of Mumbai, India; Phatak, Vidyadhar, Department of Economics, University of Mumbai, India; Risbud, Sushrut, Indian Institute of Management Calcutta, Kolkata, India
dc.descriptionISSN/ISBN - 00129976
dc.descriptionpp.55-61
dc.description.abstractThe paper estimates the impact of various neighbourhood, spatial, and externality factors on residential prices in Mumbai. We find that distance from the central business district, proximity to the west coast, presence of slums, proportion of residential and commercial built-up areas, and proximity to the railway station have a significant impact on residential prices. Amenities and open spaces do not have any significant impact on prices. Further, we model the impact of the upcoming metro line on the residential prices. We find that the upcoming metro has no significant effect on prices. These findings have strong implications for policy decisions regarding introduction of land-based fiscal tools such as betterment levies for capturing land value appreciation that is expected to arise from new infrastructure.
dc.publisherSCOPUS
dc.publisherEconomic and Political Weekly
dc.publisherEconomic and Political Weekly
dc.relation.ispartofseries49(9)
dc.subjectInformality
dc.subjectSlums
dc.subjectUrbanism
dc.titleReal estate prices in Mumbai: Does the metro rail have an impact?
dc.typeArticle
Appears in Collections:Economics

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