RE4301 Valuation & Arbitration Syllabus:
RE4301 Valuation & Arbitration Syllabus – Anna University PG Syllabus Regulation 2021
OBJECTIVES:
To equip the students with the techniques of valuation of properties.
To provide the required input to create space for specialization in this area.
To perform real estate valuation for different kinds of properties/asset classes as case
study.
To provide exposure to the importance and intricacies of Arbitration as an Alternative
Disputes Resolution (ADR) Mechanism.
To provide and sensitize students to the systems and proceeding of Arbitration.
UNIT I FUNDAMENTAL PRINCIPLES AND CONCEPT OF VALUE
Open market value – Property and Property Market – Property as an Investment.
UNIT II NATURE AND SCOPE OF VALUATION
Valuation function – Role and functions of Valuer – Scope – Value Theory – Process.
UNIT III DETERMINATION OF VALUES
Techniques to determine the values for loan, sale and insurance – Professional standards – report writing – Leasehold Valuation – different methods.
UNIT IV EVALUATION OF INCOME AND PROPERTY
Discounting and compound interest – Income Estimation and forecasting – debt financing – capitalization and discount rates – tax considerations – introduction to mortgage equity analysis – financial residual techniques.
UNIT V ARBITRATION
Alternate Dispute Resolution – Arbitration – Role and Process of Arbitration – Arbitration and conciliation Act 1996 its terms & Provisions – Costs involved for Arbitration – Role of Arbitrator – Independence of arbitrators – disputes – settlements – arbitral award – Time Limit – Contents of award – Costs of Proceedings.
TOTAL: 45 PERIODS
OUTCOMES
CO1 Students will get trained to value various kinds of property.
CO2 Students will get to know about gaining domain expertise as a valuer when it comes to valuation
CO3 The Case Study based approach would equip students to handle similar valuation projects in their professional practice.
CO4 The student will be familiar with the various legal systems that are in force and the methods of handling disputes.
CO5 The student will understand the role and responsibility and the ethical standards that govern an architectural & Real Estate practice.
REFERENCES
1. “Valuation of Immovable properties” (Under Direct Taxes) edn(2002), Grish Chand Gupta, Bharath Law House,New Delhi-83.
2. Aswanth Damodaran, Investment Valuation (2002), John Wiley & Sons, UK.
3. Howard C Gelbtuch, “Real estate valuation in global markets”, (1997), Appraisal institute.
4. Ko Wang, Real estate valuation theory, (2001) Kluwer Academic publishers, S. America.
5. Law Relating to Arbitration and A.D.R, New Edn(2002), N.K. Acharya’s Asia Law House, Hyderabad, India.
6. Prof. Madhav Deobhakta; Arbitration for Architects and Project Managers, 2011