Professional Documents
Culture Documents
ASSIGNMENT ON
SUBBIMETED BY
PREM SINGH
NICMAR/SODE OFFICE
ASSINGMENT
Select a two or three residential complex project in an urban center with approx. 5000
sq.m. Area and find the value of the property on behalf of the owner for the purpose of
sale.
General assumptions.
You may make other suitable assumptions and list out in the assignment.
1. Client:
2. Instructions:
Improvements:
Main building (+/- 2300 m)
The main building consists of: a TV-room, lounge, patio, which is used as a
stunning entertainment area, kitchen, dining area, study, washroom, 4 bedrooms
and 2 bathrooms.
6. Date of Inspection:
The property was inspected on the 22nd APRIL 2017.
7. Weather Conditions:
The weather was overcast and raining during our inspection. The weather in
previous weeks has been varied.
8. Restrictions:
Whilst the property was unoccupied, it was fully furnished with floors fully
covered throughout. Several rooms were packed full of stored items which did
restrict our inspection.
9. Description:
10. Situation:
The property is situated within an urban location, which lies approximately 3 km.
outside the vashi railway station and bus station. 1 km. away from the
Hiranandani hospital approximately 1 km to the east side of center one mall.
The subject property and adjoining neighboring property are surrounded by
farmland, with the dwellings being accessed across a partly made private track.
Whilst some purchasers would find this an attractive feature, the isolated position
of this property is likely to deter some future purchasers and therefore we have
taken this matter into account.
There is also believed to be a public footpath which runs directly in front of the
subject property. This may again slightly restrict future sale ability.
11. Accommodation:
Ground floor: Entrance Hall, Living Room, Kitchen, Dining Room, basic
Conservatory, Cloak Room.
First floor: Landing, Three Bedrooms with attached Bathroom.
Second floor: Landing, one Bedroom with attached Bathroom and deck area.
13. Construction:
Walls: 450mm solid stone with part 250mm solid brick.
Roof: Pitched and tiled solar panels on the top.
Floors: Solid and suspended timber construction.
Joinery: Mainly UPVC double glazed units with some older timber units.
Internal fittings: plumbing materials are high class jaguar fittings.
Kitchen accessories: modular kitchen aluminum and glass cabinets, geyser
facilities.
14. Services:
The property is connected to mains water electricity and Drainage is connected
with the municipal corporation main lines.
The property is understood to have been re-roofed in the past 20 years. This
valuation assumes that all required statutory approvals will have been obtained
for these works.
There do not appear to have been any other structural alterations. It is important
that all rights of access relating to the private drive are confirmed by the legal
adviser.
19. General Remarks:
22. Valuation:
I consider the property to have a current market value of Rs. 1, 00, 00,000 /-
(The valuation is defined in the attached Terms and Conditions)
CALCULATION AND CONCLUSION:
Based on the information above a value of Rs. 1, 00, 0 0,000.0 (One crore rupees)
represents the fair market value of the subject property.
We have not carried out a Building Survey, nor have we inspected those parts of
the property, which are covered, unexposed or inaccessible and such parts have
been assumed to be in good repair and condition. We cannot express an opinion
about or advice upon the condition of any parts not inspected and this report
should not be taken as making any implied representation or statement about
such parts.