Monitoring the Spatial Structure of land values in Lahore Metropolitan area

Ayesha Khalid () and Ali Iqtedar Mirza
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Ayesha Khalid: GC University Lahore, Pakistan
Ali Iqtedar Mirza: GC University Lahore, Pakistan.

International Journal of Innovations in Science & Technology, 2020, vol. 2, issue 4, 181-194

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.

Keywords: Land values per Marla; Central Business District Lahore; Accuracy Assessment; Correlation Coefficient and Interpolation. (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:abq:ijist1:v:2:y:2020:i:4:p:181-194

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