Does infrastructure spending lead to price effects in the property market? Evidence from major cities across India
Abstract
A recent boost in spending on the public infrastructure across India raises the question: How does the property sector react to massive infrastructure construction? The answer has significant policy relevance. This paper uses panel data across seven major Indian cities, spanning seven years from 2008 to 2014, to ascertain the short- and long-run impacts of infrastructure attributes on property values and rents. The study finds that increases in...
Paper Details
Title
Does infrastructure spending lead to price effects in the property market? Evidence from major cities across India
Published Date
Jul 1, 2019
Journal
Volume
53
Issue
12
Pages
1747 - 1760
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