Subject(s): Real property in Valuation in India. -- Pollution in Economic aspects in India. -- Urbanization in India. -- nature and significance of the study : environment, land and people, Utilities and services of urban amenities -- Environmental structure and growth of capital expenditure : Urban development and urbanization, Growth in capital expenditure, Elasticity of growth with respect to population, Growth of capital expenditure by agencies, Income and per capital income -- Review of literature and hypo-theses : Rateable value of property -- Analytical methods and results : rental value and environmental factors, land value and environmental factors, Analysis of elasticity -- broad conclusions and policy implications -- assessment procedure of rateable value of property by municipal corporation of Delhi