Knowing what an asset is worth and what determines that value is a pre-requisite for intelligent decision making -- in choosing investments for a portfolio, in deciding on the appropriate price to pay or receive in a takeover and in making investment in real estate, Agriculutural land,Gems and Jewellery and possibly assessing the intagible assets. We can make reasonable estimates of value for most assets, and that the same fundamental principles determine the values of all types of assets, real as well as intagible.
Some assets are easier to value than others, the details of valuation vary from asset to asset, and the uncertainty associated with value estimates is different for different assets, but the core principles remain the same.
In the post globalization period, there is heavy boom in the real estate business in India. Thus, the requirement of a professional valuer is increasing day by day. In our country, regulatory environment is evolving rapidly and it is quite likely that academic qualification in the valuation field will become mandatory in the days to come, where valuation professional will need certification in order to practice as a professional valuer.
At present, in India, Master of Valuation (Real Estate) & M. Sc. (Real Estate Valuation) is offered by some universities, whereas, for the first time in India, We are offering Master of Valuation (Real Estate including Agricultural Land) - which includes valuation of agricultural land along with non-agricultural real estates. In other words, this has become a complete course which will cover valuation of all type of real properties and hence, in the field of valuation this has become a unique course of its kind in India. Hence, it will offer immense career opportunities for beginners in the field of valuation and will add significant weightage to current practicing valuation professionals.