Disadvantages of Ribbon Development

Ribbon Development

The constructional development, occurring on the side of a road in the form of shops, hotels, or other buildings is called Ribbon development.

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Economic Obsolescence: What is it? Real estate license exam questions.
Disadvantages of Ribbon Development

Disadvantages of Ribbon Development

Due to ribbon developments the cost of land adjoining the road increases which ultimately increases the cost of land acquisition at the time of road development in the future. It may also create difficulties in acquiring lands required for the further development of an existing road.

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