Bank Loan Valuation in Greater Kailash 1

In Greater Kailash 1 the floor level is the single biggest variable in the number, more than size and more than condition. A bank report that does not make the floor explicit is not much use.

Floor level decides the figure

Ground floors with parking sell at a clear premium over middle floors, and the gap is wide enough that using a colony average would misprice most properties in either direction.

We value the specific floor, state it plainly, and use comparables from the same floor level wherever the evidence exists. This is the most important single adjustment in a GK1 valuation.

The land share under a builder floor

Almost all stock here is builder floors, so the land share attaching to your floor must be established correctly from the documents. It is not a matter of dividing by the number of floors, and the deeds do not always make it obvious.

Getting this right is what allows the report to show land and structure separately, which is what a lender needs when the structure is comparatively young and the land is doing most of the work.

Distance from M Block market

Proximity to M Block market cuts both ways and is reflected in actual sale prices. Some buyers pay for the convenience and others discount for the traffic and parking pressure.

The evidence rather than the theory decides it, and we gather it at street level. Greater Kailash 1 sits in category B of the circle rate schedule, which is the registration floor.

South Delhi documents

Sale deed for the floor, the document establishing the undivided land share, the sanctioned plan, and property tax receipts. Registration for a South Delhi property goes through the sub registrar office for that district.