NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
Saturday Brain Storming Thought (268) 29/03/2025 PERPETUAL LEASE A Perpetual Lease is a contract where a property owner grants someone the right to use their land or property indefinitely, in exchange for ongoing rent payments, with no set expiration date and continues until terminated by either party Indefinite Term Unlike standard leases with fixed durations, […]
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Saturday Brain Storming Thought (267) 22/03/2025 MINIMUM ORDER VALUE(MOV) Minimum Order Value (MOV) is the lowest amount a customer must spend on a product or service to complete an order, ensuring businesses cover costs and potentially increasing average order value Purpose of Minimum Order Value 1) Cost Coverage MOV helps businesses cover the costs of
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Saturday Brain Storming Thought (266) 15/03/2025 EXCLUSIVE ECONOMIC ZONE (EEZ) An Exclusive Economic Zone (EEZ) is an area of the ocean, generally extending 200 nautical miles (230 miles) beyond a nation’s territorial sea, within which a coastal nation has jurisdiction over both living and nonliving resources. Key features of Exclusive Economic Zone 1) Extent Extends
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Saturday Brain Storming Thought (265) 08/03/2025 INCOME DECLARATION SCHEME The Income Declaration Scheme was introduced by the Government of India in 2016 in a move that was aimed at encouraging tax evaders to declare their income and pay the applicable taxes voluntarily It was introduced for those individuals who have not declared their income properly
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Saturday Brain Storming Thought (264) 01/03/2025 NET WORTH Net Worth is the value of assets an individual or corporation owns minus the liabilities they owe Key Takeaways of Net Worth 1) Net Worth is a quantitative concept that measures the value of an entity and can apply to individuals, corporations, sectors and even countries 2)
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Saturday Brain Storming Thought (263) 22/02/2025 NON DEVELOPMENT ZONE (NDZ) In Maharashtra, India, a Non Development Zone (NDZ) is a designated area where construction and development activities are restricted or prohibited These zones are typically established to preserve natural resources, maintain ecological balance and prevent urban sprawl Primary objectives of NDZs 1) Environmental Protection NDZs
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Saturday Brain Storming Thought (262) 15/02/2025 LAND USE ZONING IN MAHARASHTRA Land use Zoning is an important activity carried out by the land and development authorities of a State Categorization of Land zones in Maharashtra 1) Urbanized zone – Land that developed for urban use 2) Industrial zone – Land that is used for industrial
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Saturday Brain Storming Thought (261) 08/02/2025 VALUATION OF BIODIVERSITY PARKLAND A Bio Diversity Park Reservation is a protected area of land that is set aside to preserve the local biodiversity and ecosystem Purpose of Bio-Diversity Reservation To prevent local extinction and maintain the biological uniqueness of the area Valuing BDP Land Valuing BDP land is
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Saturday Brain Storming Thought (260) 01/02/2025 SWAMITVA YOJANA SCHEME Swamitva stands for Survey of Villages and Mapping with improved Technology in Village Areas It’s a Central Sector Scheme aimed at providing an integrated inhabited property ownership solution for rural India Swamitva Yojana Scheme history Swamitva Yojana is a scheme launched by the Government of India
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Saturday Brain Storming Thought (259) 25/01/2025 ENCUMBRANCE CERTIFICATE (EC) An Encumbrance Certificate is a legal document that certifies land details in terms of ownership, legal and monetary liabilities It works as a record that the land is free of pending taxes, dues or any legal and financial issues Hence, a buyer of this property can
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Saturday Brain Storming Thought (258) 18/01/2025 RURAL AGRICULTURAL LAND Rural Agricultural Land refers to land located outside of urban areas, which is primarily used for agricultural purpose The definition may vary depending on the local laws and regulations Criteria for classifying Rural Agricultural Land in India 1) Land area and population The land should be
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Saturday Brain Storming Thought (256) 04/01/2025 ANCILLARY REVENUE Ancillary Revenue is the revenue generated from goods and services that differ from or enhance the main services or product line of a company Ancillary Income Ancillary Income is defined as the revenue generated that’s not from a company’s core products or services Key Takeaways of Ancillary
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