House Price Dynamics in Mumbai, 1989-1995

Authors: Tiwari, Piyush¹; Hasegawa, Hiroshi²

Source: Review Of Urban & Regional Development Studies, Volume 12, Number 2, July 2000 , pp. 150-163(14)

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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.

Document Type: Research article

DOI: http://dx.doi.org/10.1111/1467-940X.00027

Affiliations: 1: Institute of Policy and Planning Sciences, University of Tsukuba, Tsukuba, Japan, 2: Housing and Building Economy Division, Building Research Institute, Tsukuba, Japan

Publication date: 2000-07-01