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Conclusion

  • Jyoti Rao
Chapter

Abstract

This chapter discusses the findings and the outcomes of this research. Fifteen subjective functionings discussed together under 19 case reports are explained in greater detail in this chapter. These are classified under four broad functionings which include (a) financial functionings of the landowner; (b) personal comfort offered to the landowner, both physical and psychological; (c) rights of the landowner; and (d) securities for the future. Towards the end this chapter discusses the relevance of this research in the derivation of fairer compensation models as well as in the valuation of informal properties. It is acknowledged that this book is the initial step towards these bigger objectives, and the scope for further research is stated in this chapter.

Keywords

Functionings of land Fundamental functionings of land Informal property Market value Valuation Well-being 

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Jyoti Rao
    • 1
  1. 1.University of MelbourneMelbourneAustralia

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