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Calibrating Neighbourhood Preferences in the Land Value Contour Model


Affiliations
1 Department of Architecture and Planning, Maulana Azad National Institute of Technology, Bhopal 462 003, India
 

Neighbourhood is a spatial self-contained residential colony maintaining effective socio-economic control within a city. The study presumes that people’s preference for residential location and choice of facilities might be a robust predictor of their neighbourhood demand. Their preferences reflect in terms of land value. GIS-based spatial contour model was used to examine whether the effect of residential preferences varied in terms of residential land value. The study found significant variations in residents’ preferences for accessible facilities in a city. The finding reveals that preferences for residential choice depend on many factors. Residents are willing to pay for easily accessible facilities which could be observed in the residential land value contour model of GIS.

Keywords

Accessible Facilities, Contour Model, Neighbourhood Preferences, Residential Land Value.
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  • Calibrating Neighbourhood Preferences in the Land Value Contour Model

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Authors

Sanjeev Kumar
Department of Architecture and Planning, Maulana Azad National Institute of Technology, Bhopal 462 003, India
Krishna Kumar Dhote
Department of Architecture and Planning, Maulana Azad National Institute of Technology, Bhopal 462 003, India

Abstract


Neighbourhood is a spatial self-contained residential colony maintaining effective socio-economic control within a city. The study presumes that people’s preference for residential location and choice of facilities might be a robust predictor of their neighbourhood demand. Their preferences reflect in terms of land value. GIS-based spatial contour model was used to examine whether the effect of residential preferences varied in terms of residential land value. The study found significant variations in residents’ preferences for accessible facilities in a city. The finding reveals that preferences for residential choice depend on many factors. Residents are willing to pay for easily accessible facilities which could be observed in the residential land value contour model of GIS.

Keywords


Accessible Facilities, Contour Model, Neighbourhood Preferences, Residential Land Value.

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DOI: https://doi.org/10.18520/cs%2Fv119%2Fi6%2F1001-1009