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Uber Verdant Multistorey Apartments Area Range 1121-1834 sqft, Located at Sarjapur Road, Bangalore available with 2BHK and 3BHK Apartments.

Description:

Conceptualized around a vast central courtyard to nurture a sense of community, Uber Verdant is designed to seamlessly blend the beauty of nature and space with the convenience of utility.

Every apartment here comes with its very own private landscaped balcony, providing an opportunity for the residents to enjoy the luxury of outdoor space in their own apartment.

What's more, these spaces are free of maintenance as balcony landscapes are part of a centralized irrigation system. Add to that top-of-the-line amenities and state of- the-art facilities that Uber Verdant offers and what you have is a green home that is sure to make your friends and relatives go green with envy.

Amenities:

Clubhouse
Pool table
Table Tennis
Multi purpose hall
Squash court
Indoor Badminton court
Swimming pool
Kids' pool
Gymnasium
Steam & Sauna
Football
View deck/bridge
Terrace garden
Outdoor Tennis court
Outdoor Half basketball court
CCTV/Intercom
Grocery Store
Skating Rink
Creche
Party Deck
Barbeque
Amphi theatre
Jogging track , Walk way
Children play area
Water Meter
Car washing area

Valuation of property and its problems:

A banker lends money generally for productive endeavors. He expects the loan to be repaid out of surpluses generated from such endeavors. However, if the loan is not repaid, he would like to fall back on the property, which is mortgaged to him. Hence he is interested in valuation of the property mortgaged. Secondly, a banker wants certain properties insured. Then both the banker and insurer would like to know the value of property to be insured. Thirdly, at the time a banker initiates legal proceedings, for whatever be the purpose, he has to pay stamp duty on the value of " subject matter" i.e., property, plant and machinery etc. For this purpose, valuation of "subject matter" has to be undertaken. Fourthly, bankers sometimes instead of litigating the matter for longer duration prefer to settle the matter out of court by way of compromise proposal. At the time of considering these compromises, updating of the valuation of property mortgaged assumes importance.

Further, a borrower sometimes approaches his bankers with an offer to substitute one type of collateral security with another. To consider or to reject such a substitution, valuation of properties in question is undertaken. Whenever the loan components are small and collateral securities have been offered, the bank branches do valuation of properties on their own. But, generally the bankers depend on the services of professional valuers for assessment of valuation of property, plant and machinery, etc.

VALUATION METHODS:

There are several methods through which valuation of property can be done. Some of the popular methods adopted are:

a) Comparative Method: This is resorted to when properties of similar type (i.e., comparable to the type to be valued) whether they be vacant sites, flats in multi storied building etc., are available and comparable sales data are provided.

b) Summation of cost method : When the property to be valued can be of different constituents, value of each constituent is arrived at and total value of the property is arrived at e.g., land and building can be valued separately, the value of land will appreciate and that of building may depreciate in course of time.

c) Income Generation Method: The basic principle here is the return on the capital that the investor expects. Here, the property is freehold property which entitles him to an income in perpetuity over a period of infinite years. But for the limited purpose of valuation, it is taken as 100 years. Accordingly, the value is arrived at by dividing 100 by the rate of interest expected from the investment.

a) Population : The density of population of the area, its age group, affluence etc., influence property values.

b) Location: The location of the property in urban, semi-urban or rural area where the property is situated affects the value of property.

c) Employment: Employment opportunities provided to the people in the area where the property is situated affects the value of property.

d) Funds: The presence of banks, chit fund companies and other financial institutions and availability of funds will affect the property value.

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