期刊名称：Theoretical and Empirical Researches in Urban Management
印刷版ISSN：2065-3913
电子版ISSN：2065-3921
出版年度：2019
卷号：14
期号：4
页码：70-85
出版社：Research Centre in Public Administration and Public Services, Academy of Economic Studies
摘要：With housing being an important durable good consumed by the citizens, the people living in cities make their
choice of residential property based on a set of factors (also, termed as determinants). Therefore, the property
value is determined by multiple set factors that can be broadly categorised under - individual characteristics,
internal amenities and external infrastructure. Besides, property value is also influenced by the presence of
employment centres and/or proximity to them in the suburban areas of cities. Hedonic pricing models are generally
applied to identify such determinants/ factors. However, the combination of these factors may also vary according
to the tenure of household – ‘owner-occupier’ or ‘tenant’.
This paper is an attempt to capture the major determinants of property value tenure-wise in Balewadi, Pune.
Besides the above factors, it is hypothesized that the presence of large employment hubs like Cummins and
proximity to other employment hubs like Hinjewadi may have an impact on residential property value in suburban
areas like Balewadi, Pune. Based on the field survey of a sample of residential properties in Balewadi using a
structured questionnaire, the study performs data analysis using conventional regression approach to identify the
significant determinants of property value in Balewadi for both tenures. It has been found that the determinant
factors are different for owner-occupiers and tenants.
关键词：Property values; Property tenure; Factors/determinants and Hedonic pricing.
