Plural Values of Land: An Empirical Investigation

Biswas, Sattwick Dey

doi:10.1177/2321024920968333

Cited by 4 publications

(1 citation statement)

References 53 publications

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“…In the Global South, to expand urbanisation, infrastructure development, and industrialisation, a vast area of land has been transferred from one use to another (Pellissery et al 2014 ; Balakrishnan 2019 ; Pellissery & Lødemel 2020 ). As a result, neither the state, nor the market, nor the citizens feel that the processes and outcomes of valuations of land are adequate and just (Alterman 2012 ; Dey Biswas 2020b , c ). In this time of imprecise valuation of land, neither the market (buyers, sellers, and developers), nor the state, nor the citizens have the sense of justice being delivered.…”

Section: Introductionmentioning

confidence: 99%

Smith’s paradox of price and negotiation: Empirical evidence from India

Biswas

2021

Int Rev Econ

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Diamond-water paradox has enticed the human mind for generations. Adam Smith gave it a new twist in the Wealth of Nations that serves as the basis of all modern valuation theories. This paper goes back to the original writing of Smith to identify paradoxes and then empirical test in the context of land value. The review of original texts and empirical evidence suggests the existence of a third principle, i.e. “riches and poverty of those who demand”. This indication demands a re-evaluation of Smith’s paradox of value and has implication of modern science of valuation.

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Section: Introductionmentioning

confidence: 99%

Smith’s paradox of price and negotiation: Empirical evidence from India

Biswas

2021

Int Rev Econ

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Determinants of residential land value – a study of Delhi, India

Sharma,

Bajaj,

Tirumala

2024

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PurposeLand value in urban areas in India is influenced by regulations, bylaws and the amenities associated with them. Planning interventions play a significant role in enhancing the quality of the neighbourhood, thereby resulting in a change in its value. Land is a distinct commodity due to its fixed location, and planning interventions are also specific to certain locations. Consequently, the factors influencing land value will vary across different areas. While recent literature has explored some determinants of land value individually, conducting a comprehensive study specific to each location would be more beneficial for making informed policy decisions. Therefore, this article aims to examine and identify the critical factors that impact the value of residential land in the National Capital Territory of Delhi, India.Design/methodology/approachThe study employed a combination of semi-structured and structured interview methods to construct a Relative Importance Index (RII) and ascertain the critical determinants affecting residential land value. A sample of 36 experts, comprising property valuers, urban planners and real estate professionals operating within the National Capital Territory of Delhi, India, were selected using snowball sampling techniques. Subsequently, rank correlation and ANOVA methods were employed to evaluate the obtained results.FindingsLocation and stage of urban development are the most critical determinants in determining residential land values in the National Capital Territory of Delhi, India. The study identifies a total of 13 critical determinants.Practical implicationsA scenario planning approach can be developed to achieve an equitable distribution of values and land use entropy. A land value assessment model can also be developed to assist professional valuers.Originality/valueThere has been a lack of emphasis on assessing the impact of planning interventions and territorial regulation on land values in the context of Delhi. This study will contribute to policy decision-making by developing a rank list of planning-based determinants of land value.

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Masters of mankind: Negotiations, local powers and assessments for land acquisition for industrialisation in West Bengal

Dey Biswas

2023

Environment and Planning C: Politics and Space

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In the 18th century, Adam Smith, the father of modern economics, observed the power of existing capitalists (landlords/merchants) on economy and land issues. While describing the feudal relationships between lord and serf, Smith observed, “All for ourselves and nothing for other people seems ... have been the vile maxim of the masters of mankind.” Even though centuries have passed and in India, the relationship between the landlords, caste and sharecroppers does not follow the typical exploitative condition of 18th-century serfdom, the power of legal ownership encourages the landlords to imitate “the vile maxim of the masters of mankind”. We investigate the role of “power” in manipulating land acquisition-related impact assessments in practice as an imitation of the vile maxim. We empirically examine this assumption with the two land acquisition cases, i.e. Salboni and Singur, West Bengal, India. The empirical study suggests how the vile maxim reproduces the existing injustices during land acquisitions in India.

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Plural Values of Land: An Empirical Investigation

Cited by 4 publications

References 53 publications

Smith’s paradox of price and negotiation: Empirical evidence from India

Smith’s paradox of price and negotiation: Empirical evidence from India

Determinants of residential land value – a study of Delhi, India

Masters of mankind: Negotiations, local powers and assessments for land acquisition for industrialisation in West Bengal

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