6 Key Factors That Influence Property Valuation in India

6 Key Factors That Influence Property Valuation in India

By siliconindia   |   Tuesday, February 12, 2013   |    1 Comments
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Bangalore: Although investment in property gives good returns over time, it involves huge sum of money. Before making any real estate investment, home buyers should know the fair valuation of the property they are interested to buy. If surveyed properly, the investment in property can lead to better appreciation. Below listed are some of the factors that affect property valuation in India.

1) Location

Location is a key factor that influences property valuation in India. Properties located in commercial areas witness healthy price appreciation than the residential areas. Buildings or properties in well developed areas with good infrastructure fetches higher price than properties in under developed and upcoming areas. That is why developers and home owners quote high property prices for such areas. Adding to it, buildings on freehold land gets handsome property valuation than buildings constructed on leasehold land, reports BankBazaar.com.

Also Read: Mumbai among World's 20 Most Expensive Cities for Luxury Rentals

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