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This book discusses development and land acquisitions in India and analyzes a conceptual framework based on "paradox of values" and "plural value of land." The research links the issue of valuation to its roots in classic economic theory and to its individual perception. The project offers an insightful perspective on current challenges of urbanization and development in the Global South, where land use regimes are in a highly dynamic transition to allow for urban amenities, housing and industrial land. The author concludes with a derived scheme or framework that addresses various potentials to better address values of land during land acquisition. It is an ideal book for anyone interested in land markets, land appraisal and land economics and land acquisition in the Global South.
List of contents
1. Mysteries of valuation.- 2. Value: The epistemology.- 3. Value: The marginal revolution.- 4. Value: The contemporary ideas.- 5. The empirical context: Cases, legal context and theory of science.- 6. Empirical evidence: Relationship, attributes and plural values of land.- 7. Empirical evidence: Negotiations, Smith's value and limits of monetary price.- 8. Empirical evidence: Future and ideal values of land.- 9. Conclusions.
About the author
Sattwick Dey Biswas is Research Fellow at the Institute of Public Policy (National Law School of India University), India.
Summary
This book discusses development and land acquisitions in India and analyzes a conceptual framework based on “paradox of values” and “plural value of land.” The research links the issue of valuation to its roots in classic economic theory and to its individual perception. The project offers an insightful perspective on current challenges of urbanization and development in the Global South, where land use regimes are in a highly dynamic transition to allow for urban amenities, housing and industrial land. The author concludes with a derived scheme or framework that addresses various potentials to better address values of land during land acquisition. It is an ideal book for anyone interested in land markets, land appraisal and land economics and land acquisition in the Global South.
