NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
PIVOTAL ROLE OF THE VALUER Valuers play a pivotal role in the real estate industry by providing accurate and reliable valuations of properties. They are tasked with determining the fair market value of a property, which is essential in determining the price for buying, selling or leasing a property. The role of a valuer is […]
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Valuing landlocked land can be a bit tricky as it lacks direct access to a public road or right of way. However, here are some ways to approach the valuation. Valuing landlocked land can be a complex task, as the lack of direct access to roads and other amenities can impact the property’s value. Here
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CONTRIBUTION OR ADVANTAGES OF FISCAL POLICY Fiscal policy refers to the use of government spending and taxation to influence the economy. Fiscal policy can be used to achieve a variety of goals, such as promoting economic growth, controlling inflation, reducing unemployment, and addressing income inequality. In this article, we will discuss the contribution or advantages
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EIGHT STEP GUIDE TO BUYING A NEW HOUSE Buying a property is the most tedious process. However, following this 8 step-by-step guide can make this process a little simpler for you. This guide could act as a checklist during your property buying process, making you confident about your decision. 1. Determine your budget: Before you
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The history of Indian banks dates back to the 18th century when the first modern bank, Bank of Hindustan, was established in Calcutta in 1770. However, it was the establishment of the Presidency Banks, the British East India Company established three banks: Bank of Bengal in 1809, Bank of Bombay in 1840, and Bank of
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DIFFERENCE BETWEEN ECONOMIC GROWTH AND ECONOMIC DEVELOPMENT Economic growth and economic development are two concepts that are often used interchangeably, but they actually have distinct meanings. Economic growth refers to an increase in the production of goods and services in an economy over a period of time, typically measured by an increase in Gross Domestic
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FEATURES OF ECONOMIC DEVELOPMENT Economic development refers to the sustained growth and improvement of an economy over time. This process involves a wide range of factors that contribute to the overall progress of a society, including improvements in productivity, infrastructure, education, healthcare, and international trade. Here are some of the key features of economic development:
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FEATURES OF INDIAN ECONOMY AS AN UNDERDEVELOPED ECONOMY India, despite being the world’s sixth-largest economy, still faces the challenge of being classified as an underdeveloped economy. Here are some features of the Indian economy that reflect its underdeveloped status: 1. Low Per Capita Income: India has a low per capita income, which means that the
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Valuation in India has a rich history that dates back to ancient times. In the ancient period, valuation was done mainly for the purpose of taxation and land measurement. Later on, during the Mughal period, valuation was done to determine the value of goods and services for taxation purposes. During the Vedic period, land was
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DIFFERENCE BETWEEN EXPRESS CONTRACT AND IMPLIED CONTRACT An express contract and an implied contract are two different types of contracts. The main difference between the two is in how the agreement between parties is established. An express contract is a contract in which the terms and conditions of the agreement are explicitly stated and agreed
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DIFFERENCE BETWEEN CONTRACT AND QUASI CONTRACT Contracts and quasi-contracts are both legal concepts that govern the relationships between parties involved in a transaction. While both types of agreements are legally enforceable, there are important differences between them that are important to understand. A contract is a legally binding agreement between two or more parties that
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IMPORTANT TESTS ON BRICKS YOU SHOULD KNOW Bricks are one of the most important construction materials used in the building industry. They are used in various applications, from building walls to paving roads. However, not all bricks are created equal. Some may have defects that can compromise their strength and durability, leading to potentially dangerous
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