Thesis Abstract

Abstract
Commercial land use plays a crucial role in shaping the value of real estate properties. This study investigates the effect of commercial land use on property values in urban areas. The research utilizes a mixed-methods approach, combining quantitative analysis of property data with qualitative assessments of commercial land use characteristics. The quantitative analysis involves collecting property data, including sale prices, location, size, and commercial land use classification. Through statistical analysis, the study aims to identify patterns and correlations between different types of commercial land use and property values. Additionally, the research will employ spatial analysis techniques to examine the spatial distribution of commercial land use and its impact on property values across the study area. Complementing the quantitative analysis, the study incorporates qualitative assessments of commercial land use characteristics. This involves conducting surveys and interviews with real estate experts, property owners, and local stakeholders to gather insights into the perceived value of different types of commercial land use. By integrating qualitative data with quantitative findings, the research aims to provide a comprehensive understanding of the relationship between commercial land use and property values. The findings of this study are expected to contribute to the existing body of knowledge on the impact of commercial land use on real estate values. By identifying the specific types of commercial land use that have the most significant influence on property values, policymakers and urban planners can make informed decisions regarding land use regulations and development strategies. Additionally, real estate investors and developers can use the research findings to guide their investment decisions and property development plans. Overall, this research project addresses a gap in the literature by providing a detailed analysis of the effect of commercial land use on property values. By combining quantitative data analysis with qualitative assessments, the study offers a comprehensive perspective on the relationship between commercial land use and real estate values in urban areas. The findings of this research have the potential to inform policy decisions, urban planning strategies, and real estate investment practices, ultimately contributing to more sustainable and prosperous urban development.

Thesis Overview

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 other 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.

Land use in Enugu was proposed earlier when Enugu was under Anambra state and the use of commercial lands by investors was properly monitored and up till date it is still being monitored but not effective like it used to be in the case investors who migrated into others areas that were not commercial proposed areas tailed to accept the fact that those areas were not purposively commercial proposed areas but were to support commercial activities. This therefore became a treat to the individuals residing in those areas. Ogui urban is a typical example of these areas. This work is to demonstrate the effects of commercial land use on land value, and I intend to sow this in this work piece.      

1.1       HISTORICAL BACKGROUND

Ogui urban is located in the capital city of Enugu state. She deviated from the Affar and got her first paramount Chief in the person of late Chief Augustine Nnamanni who died on the 30th day of October 1993. Ogui did have any chief until 2002 the chief was sworn in he was Chief Oko Michael Mmaduekwe.

Ogui became or got her autonomous community on the 12th day of July 2003. Her culture in enriched with different dances and masquerade. Ogui urban is made up of five villages they include Umuokokwette, Umuabu, Onuatu Onu Asala and Onyke with two local government the Enugu North and the Enugu Central North. She shares a common boarder with her brother Abakpa Nike along the presidential road while the original Ogui dweller reside at Umunevo village. Now a town that accommodate a lot of investors and visitor and student.      

1.2      STATEMENT OF GENERAL PROBLEM

For a long time now; it has been recorded that investors face the problem of investing blinding without knowing the effect on the land value. They do not know the effect of commercializing a land set out for federal values. As such most investors abuse the constitutional provision for land value and in time to come they will be victimized by the execution of government plan on an exploited land. The level of indiscriminate dumping of refuse that brings about environmental bleeder, the congestion of planned building by investors allowing space for the major road and eating into part of the pedestrian path. The increase in the movement of investors accommodates the vandalization of electrical cables, blocking of drainages with refuses.    

1.3  OBJECTIVE OF STUDY

The aim of this research is to make the government the land use allocation authority and the private investor, realize the effect of commercial land use on land value in Ogui urban.

1.4    SCOPE OF STUDY

The development of Ogui Nike was divided into two stages “urban Ogui and Rural” Ogui at the moment rural – Ogui has suffered trickling development while the urban Ogui has been effectively development.

The urban Ogui include the control business district (Atesian, Ogbetle) this scope in focused mainly on the effect of commercial land use.

1.5  LIMITATION OF STUDY

This research work is limited to some extent by the inconsistency of records as the urban and regional planning authority of Ogui. Some of the officials were not always available to provide or give out the necessary map diagram. It was also limited to some extent by inadequacy of finance.