Realtors' bid to iron out crinkles in property valuation

Nepal Land and Housing Developers’ Association (NLHDA) in association with Brihat Investment on Tuesday organised a workshop ‘Valuation Practice in International Standard’.

Addressing the function, Om Rajbhandary, third vice-president of NLHDA, said the workshop aims to introduce practical approaches in property evaluation. “We hope to deliver practical approaches in property evaluation by adopting international techniques,” said Rajbhandary.

Ramachar Srinivas, an expert from R. Srinivas and Associates, India, presented a paper on Valuation of Personal Property (Plant and Machinery). Similarly, Sopon Pornchokokchai, director of Thai Real Estate, presented a paper on Practical Valuation Techniques for the Development of Nepal.

Maha Prasad Adhikari, deputy governor of the Nepal Rastra Bank, said such programmes would help even regulators to formulate policies. “Output of such workshops can become guidelines for regulators for formulating policies,” said Adhikari.

NLHDA President Ichha Raj Tamang said the programme would help build a platform for sorting out flaws in the realty sector.

source: The Kathmandu Post

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