Valuation is the process used to find out the current market value of the property. Over a period of time property value usually appreciates.
So if you buy a flat today for 30 lacs, then after 3 years same flat price may be say 40 lacs.
Below factors are considered while calculating the valuation.
What do you think on this topic? Please express your opinion or ask any question through comment below. You can write to me at reply2sagar@gmail.com
So if you buy a flat today for 30 lacs, then after 3 years same flat price may be say 40 lacs.
Below factors are considered while calculating the valuation.
- Location of the property
- Access to public transport system
- Average market rate of other similar properties in the area.
- Any interiors carried out in the flat or shop.
What do you think on this topic? Please express your opinion or ask any question through comment below. You can write to me at reply2sagar@gmail.com
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