Urban Residential land development and redevelopment intensity (LDR) act as an essential index to understand magnitude of urban livability and sustainable development. Recent urbanization pattern of Rajshahi city has made a rising demand for land, which made it a precious commodity. As a result of it, Rajshahi City Corporation (RCC) area is undergoing significant residential LDR in recent years. The understanding of factors influencing this residential LDR has great importance in real estate development as well as overall housing situation of thecity. For this purpose, this study tries to explore the spatial characteristics of LDR. Relative Operating Characteristics (ROC) test statistics (>0.5) with improve hedonic model are set out to identify the internal drivers of LDR. Finally, geostatistics is explored by integrating methods of Geographic Information System (GIS) and SPSS regression analysis to analyze the correlation between LDR and driving factors. The spatial distribution of residential LDR has shown a strong distance decline law. One of the most exciting findings was that increase in distance to Central Business District (CBD) from the residential land has a slight influence on LDR. The outcomes of the paper will be beneficial for investors and policy-makers in their development decision-making processes.