What is it about?
The market price of land in India is high. This is in comparison to the intrinsic or fundamental value. It is also in comparison to the market price of land in developed countries. Why? This paper explains the reasons.
Featured Image
Why is it important?
Land is the most important asset in India. Its value matters. Also, possible changes in the market price of land in future matter for an investor's wealth and consumption. They also matter for macroeconomic and financial stability. They are also important for huge number of farmers who depend on land.
Perspectives
Read the Original
This page is a summary of: Land Price, Bubbles and Permit Raj, Review of Market Integration, April 2016, SAGE Publications,
DOI: 10.1177/0974929216683115.
You can read the full text:
Contributors
The following have contributed to this page