Journal of Transportation Engineering and Its Applications ISSN: 3107-4499 (Online)

Authors: Dr. Sasmita Mishra, Dr. Mayarani Praharaj

Abstract: Land-use changes are most often directly linked with economic decisions as per theories on land prices. Land-rent theory is the best example of how transportation investments can affect urban form and its economic value. The value of land at different distances from the Central Business District (CBD) decreases as one move outwards, due to higher transportation costs. Therefore, accessibility is the main factor to consider from an urban resource allocation standpoint, as it links land use and transportation. The paper explores the relationships between transportation network, land use and land value. The purpose of this paper is to identify the effect of land use change toward land values in the city of Bhubaneswar. The paper starts with an overview of a limited number of land rent theories and examines the role of land in economic theory.

 This paper examines the effect of distance to central business district on rental pattern land uses in Bhubaneswar. Furthermore, this paper is trying to measure the relationship of land price and distance because the land price is one of the reason for land use change and development of a new settlement.

Keywords: Central Business District, Land rent theory, Bench mark value of land, Land Value in Bhubaneswar, Transportation network