Valuation of Immovable Property
Valuation is an art and science of estimating the value for a specific purpose of a particular interest in property at a particular moment in time taking into account all features of the property and considering all factors of the market.
Valuation of real estate is conducted to determine the value of the real property i.e land & building. Real estate deals with either sale or purchase that includes conducting valuation of immovable property since each property has intrinsic attributes different from others and which are needed to be factored in for determining its value. The valuation also involves aspects of legal interests needed to fulfill requirement of the owner in the real estate, demand/supply, suitability of location, site characteristics, etc. It helps determine the potential for growth and of the value which are key indicators for purchase. The location and the up-gradation or improvisation of real estate have a direct effect on its value. Valuation reports forms the basis of collateral for loans, liquidation, settling disputes, taxation, etc. Sapient has a long and vast experience in providing services for valuation of immovable property ranging from single housing units, other residing societies, commercial properties including offices, shops, and other varying institutions.