The GATE Grind

GATE 2025 AR — Planning – Question 61

Urban Land Use and Transportation · Real estate pricing · 2 marks · Multiple select

Which attributes can enter a hedonic house/land price function?

  1. Quality of view
  2. Low surrounding crime rate
  3. Number of bedrooms
  4. Household size

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Show answer and explanation

Correct answer: (A) Quality of view; (B) Low surrounding crime rate; (C) Number of bedrooms

Explanation

Hedonic pricing relates the property’s price to structural, locational and neighbourhood attributes. View quality, local safety and bedrooms fit these categories, A, B, C. Household size describes the consumer rather than an intrinsic property characteristic in the conventional attribute-price function asked here.

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