Estimate of the value of property, is usually required when a property is sold, financed, condemned, taxed, insured, or partitioned etc. An appraisal is not a determination of value. A real estate appraisal is a service performed, by an appraiser, who develops an opinion of the value of the property being valued based upon it’s best use. While doing the valuation, we try to assess the highest and best use within jurisdiction of legality, which produces the highest possible value for the property.
Purpose: Valuation of Property is done for various purposes like
Capital Gain, Ascertain Fair Market Value, Lease Rent, Rental, Mortgage, Loan, Auction, Loan – Recovery, Bank Guarantee, Ownership Value under legal disputes , Insurance.
Residential, Commercial, Industrial Properties, Retail Space, ShoppingMalls, IT Parks, Petrol Pumps, Hotels & Resorts, Hospitals Institutional Properties