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2024 | OriginalPaper | Chapter

Land Value Uplift Maps for Sustainable Urban Planning—A Digital Twin Approach

Authors : Sumant Sharma, Deepak Bajaj, Raghu Dharmapuri Tirumala

Published in: Sustainable Built Environment

Publisher: Springer Nature Singapore

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Abstract

Rapid urbanization brings an enormous challenge to ensure liveable and self-sustained communities over the long term. Any planning intervention that creates solutions, policies, and infrastructure to help communities, will lead to an upward change in the land values. Land value changes are important indicators and provide insights into the economic sustainability of cities. The impact of the proposed interventions is seldom known completely at the time of implementation. The Digital Twin (DT) concept has recently found its applications within the urban realm, with the help of DT, planners will be able to see the future impact of interventions. This article aims to build an argument highlighting the application of the DT approach to understanding the impact of the planning interventions on the local land market. A systematic literature review method is adopted to showcase the use of digital twin technology in urban areas and its potential to generate land value maps. A DT approach shall be able to analyse planning interventions by simulating through lifespan prototypes of urban situations. Through this process, land value upliftment maps will be generated which will help evaluate the viability of planning decisions in achieving the sustainability development goals.

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Metadata
Title
Land Value Uplift Maps for Sustainable Urban Planning—A Digital Twin Approach
Authors
Sumant Sharma
Deepak Bajaj
Raghu Dharmapuri Tirumala
Copyright Year
2024
Publisher
Springer Nature Singapore
DOI
https://doi.org/10.1007/978-981-99-8842-6_7