The spatial variation of land prices in a city is very important indicator of real estate economics. The ecology of place is a pivotal contributing factor in the variation of land pricing. This study will examine the spatial variation of land values in Karachi through appraising the socio-economic and ecological factors. Karachi is the largest and the most populous city in the country. Karachi is main seaport and financial centre of Pakistan as well as the capital of the province of Sindh. It is Pakistan's premier centre for banking, industry, economic activity and trade. Land of Karachi city is quite a structurally complex and it remains mostly affected of unpredictable value ridden variations due to certain ecological elements, environmental forces, environmental conditions, climax, and the real estate economy. These factors would determine the land values variations within residential areas very different from the factors, which determine land values within an industrial area. Therefore, it might not be possible to determine a uniform pattern of land values for different areas of the
city. The present study will help us to analyze the land values distribution through ecological economics. Extent of considerable regional differences in geography and resource endowments implicated in marked changes in the profile of land distribution in Karachi, it seems quite natural to question the problem of land value distribution. Therefore, in this study an attempt has been made to comprehend the economics of land values with reference to the economic, environmental and geographical factors in the context of the quality of life in the Mega city such as Karachi.
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Copyright (c) 2012 Saba Masood