NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
HOW TO DETERMINE THE FAIR MARKET VALUE OF COMMERCIAL PROPERTY Determining the fair market value of commercial property is an essential step in buying or selling a property. It is the price that the property would sell for on the open market, with both the buyer and seller having reasonable knowledge of the property’s characteristics, […]
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5 THINGS TO KNOW BEFORE GETTING A JEWELRY APPRAISAL Jewelry appraisals are an essential part of owning jewelry, whether it is a family heirloom or a newly acquired piece. Appraisals help determine the value of the jewelry, which can be useful for insurance purposes, selling the piece, or for estate planning. However, not all
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OBJECTIVE OF VALUATION REPORT A valuation report is a comprehensive document that outlines the value of a property or asset. It is commonly used in real estate, finance, and investment industries to determine the worth of a particular asset. The objective of a valuation report is to provide an accurate and objective assessment of the
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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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