How is valuation of unauthorized buildings assessed? Before getting straight into the method of valuation unauthorized buildings, first let us understand what is an unauthorized building. A building constructed unlawfully, either without approval or deviated from the approval accorded by the Building Authorities is classified as unauthorized buildings. The various types of unauthorized buildings include: Buildings constructed
Category Archives: Real Estate Valuation
The grand structure of valuation of real estate stands on four basic pillars which are Value, Benefit, Security and Interest in a property to be valued. Value Value is often mistaken as ‘Market Value’, but both market and value are entirely two different concepts. Value is neither inherent in a thing, commodity or a property in itself.