To Purchase a commodity we try to be judicious with regards to the price to be paid for it. We look back to the market for information on its value. As we collect information from different parts of the market and get the similar answer or nearly the same answer in most cases. But this is may not alwaysbe true with the property market. Answers from the market are only rarely directly available. And even when answers are obtained they attract further questions for collections for clarifications. To explain this we must first check up and discuss our a target with a property valuer. The task of of appraiser here is the same as with other valuers of goods and commodities i/e to estimates the price. Important question remains as to why a person with so much of skill and experience is needed for this job? Primarily, this is due to the peculiar nature of the capital intensive commodity which is real estate. It has to be tested for legal rights, durability, utility and transferability. Durability makes a valuer conscious of not only of the current circumstances of the property but also of the fact that property will last much longer than perishable goods.
Over and above the market context the extreme heterogeneity of property as an economic commodity makes valuations still more complicated. Also goods purchased and sold in a property market are in fact various type of rights.
The characterstics of these rights greatly influemce the price paid for land and building in the same manners as the physical aspects of property do.
Lastly the overall macro-economic Climate of a country viz. the conditions of the financial market, growth of national income, urbanization etc. may influence the property market as a whole.
Again market value itself is not always needed. Sometimes what is needed is a statutory valuation only. This requires special knowledge of the relevant statute.
The municipal corporation building by-laws, rules and regulations, have a great bearing on the valuation of houses in residential districts. In the major towns, particularly metropolitan cities in India, a substantial portion of the site must be left as an one space. In most cases this means that the value of the land is equal to, or in excess of, the cost of construction of the buildings erected thereon. In these very good residential districts, the class of the tenants is high, and there is a reasonable degree of certainty, that not only will the rents be paid but are likely to be maintained.
Group Housing Units and flats are totally different propositions. The main factor to be considered is the gross rent its relationship to the outgoings. In flats, the outgoings are usually considerable, owing to the cost of maintenance of lifts, passage and staircases, lighting upkeep of road and gardens.
Our company is related to various corporate, government bodies ,Public sector units and individuals. We offer all expert value assessment solutions. We are trusted valuer in Delhi for transaction purpose, tax matters, judicial matters,insolvencyprocedings under IBC-2016, Company matters under Companies Act 2013, Investment decisions,We are duly authorized by the government.
We often carry out propertyappraisals , for land, buildings ,for capital gain tax assessment, insolvency proceedings , compliances under Companies Act, other statutory compliances. We also participate in other areas of valuation like Plant and equipment assessment, Securiries and Financial Asset valuation, insurance assessment, lease assessment, venture capital. with a group of skilled professonals who are our associates.
Tanuj Kumar& Associates have associate valuers who are highly skilled group of technical experts inareas of Engineering, Finance, Law, economics. Our company is highly motivated and enthusiastic to bring out complete appraisals to our cleints.