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Books&E-Books Development and Valuation of Urban Properties
Know how to:
- Classify the localities and neighbourhoods – based on sale instances
- Apply the development control regulations to maximize the value
- Shortlist the apartments that will suit your requirement, compare these and select the best you can afford
- Value as a prudent buyer does – based on sale instances
- Prepare pre-investment and feasibility studies – Technical and Economic
- Develop real estate based on present worth of future returns
- Property is a bundle of rights
- Value depends on neighbourhood, locality, City Development Plan and legal rights and benefits
- Fair market value is what a prudent buyer would pay
Development and Valuation of Urban Properties
(Buy and Build to get Your Money’ Worth)
Actual case studies have been cited. The book is a users’ guide for valuers, engineers and architects. It is also a guide for any person who wants to buy, sell or develop an urban property.
Market Value of a Land
Right to enjoy a property is by acquiring the title and possession. The Book shows how to apply the statutory laws and byelaws. It outlines the essential features of an agreement to transfer a property. Classification of a neighbourhood is based on the effect of civic amenities on the land rates. It shows how to identify the localities, classification of neighbourhoods, comparable sale instances and to derive the land value from the sale instances and other data.
Market Value of a Building
The value of a building equals the sum of the functional-worths of the building components. The market value equals the reproduction cost if the building is newly constructed to modern specifications according to the class of the neighbourhood.
Buying an Apartment Wisely
The fair market value of a flat is the combination of the components of the value for land, building, amenities and promoter's profit. It is based on the value approach of the valuation of the building and real estate development as a business. It helps to derive the fair market value of a flat by comparing sale instances of apartments. Comparison is based on the functional-worths of building components and the amenities.
