Articulation work

Value chains of land assembly and real estate development on a peri-urban frontier

Datos Bibliográficos

ID4143604
AutoresVinay Gidwani (University of Minnesota, autor de correspondencia), Carol Upadhya (0000-0003-2413-3951, National Institute of Advanced Studies)
Año2023
Volumen55
Número2
Páginas407-427
Fecha de publicación2023-03-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaEnvironment and Planning A Economy and Space (JOURNAL)
Identificadores de la revistaISSN: 0308-518X • E-ISSN: 1472-3409
EditorialSAGE Publications Inc (PUBLISHER)
DOI10.1177/0308518x221107016
OpenAlexW4283156743
IdiomaEN
Citas recibidas23
Referencias citadas48

If the entanglements of real estate and finance capital are pivotal in ongoing urban transformations in cities of the global south, then a less visible but equally vital dimension is the process of land assembly on which residential and commercial real estate speculation and development are premised. This paper pries open the value chain of land assembly that underlies these transformations in a rapidly expanding peri-urban frontier of Bengaluru, India. Drawing on detailed interviews with land market intermediaries, operating across different scales, who were instrumental in assembling agricultural land for a large apartment complex, the paper shows how existing forms of social power and local knowledge are harnessed to create inter-scalar linkages that enable the creation and extraction of value in Indian real estate. It makes the case for understanding the economic and cultural work of intermediaries in animating land's value chain as 'articulation work'. Finally, the paper assesses the varying forms and quantum of value that are generated and captured by different actors in the value chain, which stretches from the landowning farmer up to a major real estate company, to reflect on the micro-dynamics of speculative urbanism and agrarian urbanization

Agrarian society · Agriculture · Business · Economic geography · Economics · Economy · Frontier · Geography · Intermediary · Real estate · Real estate development · Computer Science · Housing, Finance, and Neoliberalism · Political Economy and Marxism · Urban and Rural Development Challenges · Finance