Synergizing Land Value Capture and Transit-Oriented Development: A Study of Bengaluru Metro

2021 ◽  
Author(s):  
Jaya Dhindaw ◽  
Sree Kumar Kumaraswamy ◽  
Surya Prakash ◽  
Radha Chanchani ◽  
Amartya Deb
Keyword(s):  
Private Property ◽  
Specific Reference ◽  
Land Value ◽  
Transit Oriented Development ◽  
Value Capture ◽  
The Real Estate ◽  
Property Owners ◽  
The Government ◽  
Financing Strategy ◽  
The City

The Government of Karnataka and Bangalore Metro Rail Corporation Limited are exploring ways to offset the heavy economic burden of expanding the metro rail transit network in Bengaluru. Land value capture (LVC) is a public financing strategy that can recover a portion of the real estate value that development along the metro corridor generates for private property owners. Deployed effectively, LVC can help fund the growth of mass transit and allied infrastructure. Several LVC mechanisms are under consideration in Bengaluru, but are yet to be implemented. Inherent shortcomings in planning, policy, and institutional frameworks prevent the market from optimizing the benefits of transit-oriented development (TOD), which in turn negatively impacts LVC. In this practice note, we first evaluate and assess the potential for TOD and LVC to evolve in tandem with specific reference to the Bengaluru metro and, second, posit strategies and recommendations to reorient policies to leverage TOD as an opportunity for LVC, and vice versa. Our learnings are illustrated through case studies of two typical metro stations – an inner-city neighborhood and an upcoming area in the periphery of the city.

Inclusion and Representation: The Settlement of Property Claims of the Dispossessed in the Aftermath of an Armed Conflict

2020 ◽  
Vol 21 (2) ◽  
pp. 397-425
Author(s):  
Tamar Megiddo ◽  
Eyal Benvenisti
Keyword(s):  
Property Rights ◽  
Public Good ◽  
Armed Conflict ◽  
Private Property ◽  
Private Property Rights ◽  
The Public ◽  
Post Conflict ◽  
Property Owners ◽  
The Government

AbstractThis Article examines the authority of states to settle individual private property claims in post–conflict negotiations towards settlement. We analyze this question by exploring the limits of states’ authority to take or limit private property rights for the public good. We argue that this authority rests on two cumulative justifications: the inclusion of the property owners among the public that stands to benefit from the public good, and their representation by the government that decides on the taking of the property. In post–conflict settlement, the negotiating states may redistribute both private property and the public good between and within their respective communities. Their authority to redistribute continues to rests on the same justifications of inclusion and representation. Hence, their authority extends only to the redistribution of property of owners who are members of the respective communities that negotiate the agreement, and who are represented by a negotiating government.

scholarly journals Effect of transport infrstructure in changing urban form of a historical city: a case study of Lahore

2020 ◽  
Author(s):  
Ayesha Anwar ◽  
◽  
Leng Hong ◽  
Afir Zubair Raja ◽  
◽  
...  
Keyword(s):  
Emerging Economies ◽  
Urban Form ◽  
Transit Oriented Development ◽  
City Dynamics ◽  
The Social ◽  
The Government ◽  
Bus Service ◽  
The City ◽  
Rapid Mass

Urban development and transportation are interrelated as transportation networks help in shaping the urban form along with supporting the social, cultural, and economic growth of the city similarly transportation infrastructure is also shaped by the city dynamics. Lahore Metro Bus Service (MBS) is Pakistan’s first rapid mass transit project on Ferozepur road with 27 Kilometers long track and 27 bus stations. It is now an integral part of the Lahore so its implications for the urban fabric need to be studied urgently to fully utilize transit service and to strengthen mobility and emerging economies. According to results, (MBS) has improved the accessibility to basic needs and services but the peculiar character of this historical city is ignored due to poor design. The government needs to bring transport agencies, stakeholders, and people together for joint development policy to enhance revenue, ridership and to move towards Transit Oriented Development (TOD).

scholarly journals Planning and Financing Services in the City Through Land Value Capture Instruments the Case of Tirana New Bazar

2017 ◽  
Vol 9 (1) ◽  
pp. 360
Author(s):  
Anila BEJKO (GJIKA) ◽  
Vezir MUHARREMAJ ◽  
Laura GABRIELLI
Keyword(s):  
Local Governments ◽  
Social Implications ◽  
Land Value ◽  
Value Capture ◽  
Social Fabric ◽  
Capital Costs ◽  
Urban Services ◽  
Funding Sources ◽  
The Social ◽  
The City

Objective: This paper comes as a contribution to the discussion happening in Albania related to limited funding sources for providing urban services, especially at the city level. It aims to bring some ideas on how to finance the new services that the Albanian cities need outside general budgets, or avoiding the accumulation of additional debt for local governments (LGs). Methodology: The approach suggested in the paper is to first identify the beneficiaries of any proposed improvement in providing both facilities and services, and then explore methods, which can involve the direct beneficiaries paying for their part of the benefits. The paper focuses on analyzing and reflecting upon the experience of the Municipality of Tirana for building up/refurbishing the city new bazar, and uses this as a case study to discuss on potential financing of facilities and urban services through land value capture gains, and relevant social implications in the Albanian society. Results: A value based property tax should be introduced first in Albania, not only as the instrument that can guarantee real local autonomy, but also as a precondition for applying other land value capture instruments. To mention some of the most applied ones that could also be explored in the broad Albanian context: betterment charges/fees; tax on the increment on the value of land; inclusionary housing, land assembling and land readjusting, and tradable development rights. For all of them, a substantial revision in the fiscal/public finances legislation is needed in Albania, given the fact that the relevant planning and development of territory legislation has already introduced such instruments. But above all, and what is most important, the social implications of the proposed instruments should be further researched and addressed through appropriate regulations and processes. Conclusion: Through this paper I try to demonstrate the implications of planning and financing services in the cities through land value capture instruments in the context of Albanian cities and society. Being that investments on urban services and facilities are accompanied by increases in land value, it has the features for recovering the capital costs of urban investment, by capturing some or all of the “unearned” increment in land value resulting from the investment. To accomplish this, ‘novel’ financing mechanisms should be used – such as land value capture instruments (betterment fees, special taxes, development agreements, etc.), but their implications in terms of improving the social fabric in the cities should be considered.

scholarly journals Harnessing the Real Estate Market for Equitable Affordable Housing Provision through Land Value Capture: Insights from San Francisco City, California

2019 ◽  
Vol 11 (13) ◽  
pp. 3649 ◽  
Author(s):  
Nzau ◽  
Trillo
Keyword(s):  
Real Estate ◽  
San Francisco ◽  
Affordable Housing ◽  
Social Inclusion ◽  
Real Estate Market ◽  
Land Value ◽  
Value Capture ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market

Affordable housing remains a serious problem in many countries. Even as the housing affordability crisis deepens, most cities continue to exhibit robust real estate markets with high property prices. The low-income and poor households are unable to access affordable housing and remain excluded. This paper draws from empirical research conducted in the city of San Francisco and focuses on the application of Land Value Capture (LVC) through increased Inclusionary Housing (IH) requirements after plan changes that increased density potential in San Francisco’s Eastern Neighbourhoods to evaluate its effects on the goals of increasing both affordable housing and social inclusion. Findings reveal that the increased inclusionary requirements used as LVC mechanism enabled 76.2% of all the affordable housing units produced in the Eastern Neighbourhoods to be produced by market-rate developers in 2011–2015 as compared to the rest of San Francisco, where 35.5% of the affordable units were produced from the market through inclusionary policy during the same period. The study demonstrates that upzoning underutilised land coupled with a well-planned LVC mechanism can help harness the strength of the real estate market and increase both affordable housing production and social inclusion.

scholarly journals Mughal Garden Wah: Architecture, Conservation Issues and Tourism Management

2021 ◽  
Vol VI (I) ◽  
pp. 455-469
Author(s):  
Anas Mahmud Arif ◽  
Adnan Anwar ◽  
Memoona Ilyas
Keyword(s):  
Local Community ◽  
Private Property ◽  
Sustainable Tourism ◽  
Tourism Management ◽  
Current State ◽  
The Government ◽  
Architectural Significance ◽  
Art And Architecture ◽  
The City

Mughal Garden Wah is one of the masterpieces built by Mughals on GT Road near the city of Hassan Abdal. It was private property that was later on taken by the government due to its historical and architectural significance. This site is not only a picnic point for the local community but has the potential to attract thousands of national and international tourists to enjoy its landscape and architecture. The current state of the garden is not praiseworthy, and if proper measures are not taken well in time, this masterpiece of art and architecture will vanish soon. The current study is an attempt to highlight the architectural significance of the garden, its conservation issues and managing it for sustainable tourism.

Dibattito politico e gestione della trasformazione: Vienna 1848-1891

STORIA URBANA ◽  
2009 ◽  
pp. 25-52
Author(s):  
Francesca Torello
Keyword(s):  
Financial Management ◽  
Public Management ◽  
Private Property ◽  
Stock Exchange ◽  
Management Tools ◽  
The Public ◽  
Subway System ◽  
Power Centers ◽  
The Government ◽  
The City

- The plan for the Ring in Vienna is one of the most significant examples of urban transformation of a European capital in the nineteenth century. The plan was chosen from entries in a competition published in the Wiener Zeitung in 1858. It raised a number of issues that completely upset the existing balances between various opposing power centers: military authority vs. civilian society, municipal vs. state power, public vs. private property, and financial management tools vs. building codes. As opposed to the model plan in Paris, Vienna's plan was successful because the land involved was public and thus the government was not forced to use the politically dangerous means of expropriation by eminent domain. The financial crisis of 1873 that followed the collapse of the stock exchange did not leave any immediate effect on the city. The Christian Social Party won the 1885 elections and pushed for the creation of Greater Vien- na (GroB Wien) and for the public management of urban transportation, including the construction of a subway system. This was a turning point for urban development.

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