- July 6, 2023
- Posted by: Arjun Vasanth
- Categories:
Land Price valuation is an important subject, more so when the landlord is keen to sell the property. When this situation arises, there are many landlord companies who will want to peg the rates with high value sale nearby.
While this can be a foolproof method to value the property, there can come a time when a buyer has to be found. If the timeline is indefinite, then no one can question any expected value of a property. However if the timeline is under a year, one has to find a reasonable balance between record breaking sale price and on ground status.
Fact will depend on industry to industry vs industry to residential vs industry to IT. Depending upon the plot’s suitability of the above, the price can vary to a high degree. Then comes the market movement at the time of sale.
combining the above factors, one can arrive at a realistic valuation of a property. When replicable transactions are sporadic, it is not always possible to rely on methodologies that require ample market data variables.
Therefore an industrial property valuation has to be viewed approach specifically and preferably not generally.