NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
PROPERTY AND ITS TYPES Property has a very wide meaning in its real sense. It not only includes the money and other tangible things of value but also includes intangibles. These can be anything that can be a source of income or wealth. The term property describes anything that someone – a person or a […]
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MEANING OF “OSTENSIBLE OWNER” FOR A VALUER Ostensible means something that is not real or true. Ostensible owner means a person who is not the real owner of the property he represents the real owner in transfers made to the third party Ostensible owner as per act: Section 41 of the act sets out that
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BASIC THUMB RULES FOR VALUERS & CIVIL ENGINEERS Thumb Rules For Civil Engineering is essential for any civil engineer, Site engineer, or civil supervisor. They play a crucial role while taking quick decisions on site. The Thumb Rule of Civil Engineering or the thumb rule for construction helps you in finding out the solution using
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DIFFERENT TYPES OF DIGITAL TOOLS USED IN CIVIL CONSTRUCTION 1. Digital measuring tape: These digital measuring tapes have an accuracy of ∓ 1mm., with the least count of 0.1cm. They have auto-lock blades with a pressure release button & belt clips, similar to the conventional measuring tapes. When you put the tape in the outside measurement
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PREAMBLE OF THE CONSTITUTION OF INDIA The Preamble is called the introduction letter of the Indian Constitution. The preamble was amended by the 42nd Constitutional Amendment Act in 1976, in which three new words Socialist, Secular, and Integrity were added. The Preamble serves as an introduction to the Constitution. It secures justice, liberty, equality to
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MEANING AND IMPORTANT STEPS OF BUSINESS VALUATION PROCESS Business valuation can be described as the process or result of determining the economic value of a company. All businesses have one thing in common: The goal is to generate profits for shareholders. Time frames, methods, and expectations differ, but the goal is the same. All business
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MEANING OF SECURITIZATION Securitization is a process where various financial assets/debits of the firm are clubbed together into a consolidated financial instrument for trading in the financial market. It converts the assets into tradeable securities that carry interest which is sold to investors such as bonds and stocks. In simple terms, it is a method
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ROLE OF COMPUTERS IN ENGINEERING Product engineers apply science, math and original thought to develop new products or new product solutions. Traditionally, this consisted of drawing out new products by hand, then building them. But this was laborious. Today, engineers rely on computers for much of the process. Using computers and specialty computer software, engineers
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VARIOUS KINDS OF LEASE: ALL YOU NEED TO KNOW Perpetual lease: A perpetual lease is an ongoing tenure over state land in accordance with the Urban Land (Ceiling & Regulation) Act, 1976. A landholder of a perpetual lease is responsible for complying with the term of the perpetual lease deed failing which the property/land may
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Basic elements of Value – Demand, Utility, Scarcity, and Transferability Following are the 4 essential elements to consider when determining the value of real estate: S.T.U.D. Elements of Determining Real Estate Value Scarcity: Even if a thing has utility, it is not valuable unless it is scarce. Air is certainly useful for breathing but is
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MEANING AND FEATURES OF MONOPOLISTIC COMPETITION Monopolistic Competition is a type of market structure where there are many firms in the market, but each offers a slightly different product. It is characterised by low barriers to entry and exit, which creates fierce competition. As a result of low barriers to entry, new competitors constantly enter
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DUTIES AND ROLE OF ARCHITECTS IN CONSTRUCTION PROJECTS Architects in construction play an important role and they are responsible for the visual appearance of the buildings and structures before the final structural design. An architect is a person appointed by the client, who develops a facility as per the design concept and the requirements specified
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