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House Price Dynamics in Mumbai, 1989–1995

Piyush Tiwari and Hiroshi Hasegawa

Review of Urban & Regional Development Studies, 2000, vol. 12, issue 2, 150-163

Abstract: The objective of this paper is to study the importance of price index methodology to analyzing intra†metropolitan house price variations in Mumbai. Two hedonic regression†based approaches – cross section and explicit time variable – are compared. The results indicate conclusively that the former is better than the latter. This paper also contributes to the literature on intra†metropolitan house price variations by explaining them based on urban development, population and employment patterns in Mumbai.

Date: 2000
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https://doi.org/10.1111/1467-940X.00027

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