Trend analysis of the Land Price at Bengaluru Metropolitan Area in India

  • Unique Paper ID: 153350
  • Volume: 8
  • Issue: 6
  • PageNo: 517-524
  • Abstract:
  • This paper focuses on the modeling and forecasting of land price in Bengaluru Metropolitan Area, Karnataka, India using multiple regression and neural network techniques. Six locations spread over Bengaluru Metropolitan Area are selected at random as study area. The monthly average values of the selected factors from the year 2001 to 2015 are considered to develop the models. Both multiple regression and neural network models are validated with the market price in the year 2014 and 2015. After validation the models are used to forecast the land price in Bengaluru Metropolitan Area for the years 2016 and 2020. Both the models are found to be well fit for the modeling of land price; however the model using neural network shows better accuracy than regression technique.

Copyright & License

Copyright © 2025 Authors retain the copyright of this article. This article is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

BibTeX

@article{153350,
        author = {V.Sampathkumar and J.Vanjinathan},
        title = {Trend analysis of the Land Price at Bengaluru Metropolitan Area in India},
        journal = {International Journal of Innovative Research in Technology},
        year = {},
        volume = {8},
        number = {6},
        pages = {517-524},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=153350},
        abstract = {This paper focuses on the modeling and forecasting of land price in Bengaluru Metropolitan Area, Karnataka, India using multiple regression and neural network techniques. Six locations spread over Bengaluru Metropolitan Area are selected at random as study area. The monthly average values of the selected factors from the year 2001 to 2015 are considered to develop the models. Both multiple regression and neural network models are validated with the market price in the year 2014 and 2015. After validation the models are used to forecast the land price in Bengaluru Metropolitan Area for the years 2016 and 2020. Both the models are found to be well fit for the modeling of land price; however the model using neural network shows better accuracy than regression technique.  },
        keywords = {Economical factors, land price forecast
Modeling of land price, Model validation
},
        month = {},
        }

Cite This Article

  • ISSN: 2349-6002
  • Volume: 8
  • Issue: 6
  • PageNo: 517-524

Trend analysis of the Land Price at Bengaluru Metropolitan Area in India

Related Articles