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ELP in Real Estate Valuations

Real Estate Valuations are vital to a healthy property market and a stable economy, forming the basis of performance analysis, financing decisions, transactional or development advice, dispute resolution, taxation and various statutory applications.

Overview

This program is designed to enable professionals to analyze complex environment of real estate valuations, issues involved in it and how to address these issues in professional and ethical manner. It will also impart in-depth knowledge on valuation methodologies, land and its attributes, urban governance regime in India as well as international framework for professional standards comprising both International Valuation Standards Council (IVSC) and RICS Red Book. The program would help participants as bridge between USPAP and IVSC to facilitate consistent practice across the globe.

Learning outcomes

  • Negotiate challenging and complex business environment of asset valuation.
  • Undertake valuation across various real estate asset classes including operating properties.
  • Understand DCF valuation method for different business models in real estate sector.
  • Understand IVSC and RICS professional standards (Redbook) framework of valuation as well as bridge course for Uniform Standards of Professional Apprasal Practice (USPAP).
  • Understand India Guidance Notes of RICS Redbook and how to apply it for asset valuation.

Curriculum

Module I

  • Introduction and approaches to real estate valuations, issues and complexities.
  • Overview of real estate sector in India and property record systems.
  • Development appraisals and property development models.

Module II

  • Valuation of residential assets.
  • Valuation of office & retail assets and REIT.
  • Valuation of industrial and stressed assets.

Module III

  • Valuations of trade related properties.
  • Asset valuation workshop - mixed use assets.
  • Real estate laws and policies.

Module IV

  • RICS valuation global professional standards - 2017, IVS - 2017 framework and USPAP.
  • Project work.