THE EFFECT OF COMMERCIAL LAND USE ON AND VALUE A CASE STUDY OF OGUI URBAN. A RESEARCH PROJECT MATERIAL ON BUSINESS ADMINISTRATION
ABSTRACT
Land use can be described as a way, manner or older in which land is used by people in an area for different purposes. Commercial land itself is one set aside the local authority for legal economic activities and business transactions. It account for by far the largest proportion of the total area that has more economical value.
Commercial activity is one of the indices for appraising urbanization provision of commercial land for such activities of Ogui – urban become very important as the population of Ogui urban grew and this in turn affects the value of land. This effect t of commercial land and it’s concomitant effect on the land values are the main text of this paper.
This research embodied the documentation and analysis of such relevant factors as prices of commercial lands passing in Ogui – urban respectively. Was analysed in graph form and in turn determines the effect of commercial land use on land value which is the main problem of this reseach solving. The result proved that there was a positive affect on well used and planned commercial lands and reactive effect on the unplanned. Good planning and monitoring was recommended.
CHAPTER ONE
1.0 INTRODUCTION
Land is a national endowment that can be referred to as the said portion of the earth’s surface, while land use can be described as a way, manner or order in which land is used by people in an area for deterrent purposes.
This rings about the need for the demand of commercial land acquisition for economic and business transaction.
Ogui urban is located in the capital city of Enugu state and has a typical urban environment, which is surrounded by major roads and towns some at which include Oni – Asata, Holy Ghost, Ziks Avenue, Okpara Avenue and so on therefore making it accessible for which ever kind of business transaction. As a result, investors tend to exploit commercial land around these areas, which include, ………… artisan, Edinburgh, independence layout new layout, onu-Asata, Obiagu etc. The unique attract a lot of investors who in turn refuse to abide to the enforced planning laws by the central authority.
In offer words, value in basic economics is detained as the utility or satisfaction which a good or seminar offers for the purpose of this write piece, value mean the worth of an interest in a land or building.
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