NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
DIFFERENCE BETWEEN DEPRECIATION AND OBSOLESCENCE Depreciation and obsolescence are both concepts related to the reduction in value of an asset over time, but they refer to different types of value reduction. Depreciation refers to the gradual decrease in the value of an asset due to wear and tear or deterioration over time. For example, a […]
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FUNCTIONAL OBSOLESCENCE Functional obsolescence refers to a reduction in the usefulness or desirability of a property due to factors that are not related to its physical condition or external factors, but rather to changes in design, preferences, or market demand. For example, a house with a poor floor plan that does not meet the needs
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DEPRECIATION AS COST IN OPERATION Depreciation is an accounting method used to allocate the cost of a tangible or intangible asset over its useful life. When a company purchases an asset, such as equipment or a vehicle, the cost of the asset is recorded as an expense in the accounting books. However, since the asset
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METHODS OF VALUATION FOR LANDS WITH BUILDINGS Valuation is the process of estimating the market value of an asset, such as real estate, stocks, bonds, or other financial instruments. The purpose of valuation is to determine the fair market value of an asset based on several factors, such as its intrinsic value, supply and demand,
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BELTING METHOD The belting method in real estate refers to the process of creating value in a property by dividing it into multiple parcels or lots, typically by adding infrastructure such as roads or utilities to create new access points. This can increase the value of the property by making it more desirable and accessible
METHOD OF VALUATION FOR OPEN LANDS The open lands cab broadly be divided in two categories , namely, urban lands and farm lands. The urban lands are classified in different ways such as residential, industrial, etc. and the value of such lands primarily depends on the potentiality of their development by constructing appropriate structures over
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IBBI PUBLISHES SYLLABUS FOR LIMITED INSOLVENCY EXAMINATION W.E.F 1ST JULY 2023 NEW DELHI-31/03/2023, TECHNO TEPORTER: Insolvency and Bankruptcy Board of India in its circular No. IBBI/PR/2023/04 dated 31st March 2023 (Press Release) has changed the syllabus for Limited Insolvency Examination w.e.f 1st July 2023. IBBI conducts the Limited Insolvency Examination (LIE) in pursuance to regulation
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VALUATION OF A HOTEL A hotel is defined as a superior building a accommodate strangers and its value depends entirely on its capacity of earnings a profit form a particular type of business activity i.e hospitality . It is a licensed premise in the sense that a license to run a hotel is to
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VALUATION OF A CINEMA HALL A cinema is a building which is used for a cinematography exhibition. A person willing to run a cinema business in this country has initially to obtain what is called a no objection certificate for running this business from the government. This is popularly known as obtaining N.O.C from the
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TYPES OF LIFE INTEREST Types of life interest refer to the different legal arrangements that grant a person the right to use or enjoy a property during their lifetime. Each type of life interest has its own specific characteristics and rules, such as the duration of the interest, the rights and obligations of the life
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EXEMPTION FROM RATEABILITY The term “exemption from rateability” typically refers to a situation where a property owner is not required to pay rates or property taxes on their property. This may occur for a variety of reasons, including: Government exemption: Some properties may be exempt from rates or property taxes by law, such as government-owned
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HYPOTHETICAL TENANT AND HYPOTHETICAL RENT A hypothetical tenant is a theoretical or imaginary person who might occupy a rental property. This could be someone with a certain income level, family size, occupation, or lifestyle. Hypothetical tenants are often used in real estate analysis to estimate the demand for a property and the potential rental income
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