Which phase values highest?

It depends on the specific society and its distance from the metro more than on the phase number alone. We use sales from your own phase and pocket rather than a Mayur Vihar average.

The society has not cleared our transfer yet.

The valuation can proceed. We record the transfer position on the date of inspection. The bank will want it resolved before disbursal, so it is worth starting that process alongside the loan application.

Does a higher floor without a lift reduce the value?

Yes, and noticeably, because it narrows the buyer pool. That shows up more in the forced sale value than in the market value, and the forced sale value is what drives a loan against property.

We have added a room on the terrace. Is it counted?

Only if it is authorised and documented. We measure and record it either way, and state its status, because an unauthorised addition can affect what a lender will accept.

Bank Loan Valuation in Mayur Vihar

Mayur Vihar is a cooperative society market, and in a bank file that means the society paperwork does as much work as the property itself. The phases are also genuinely different, and a lender should not be shown a single Mayur Vihar rate.

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The phases are not one market

Phase one, phase two and phase three differ in age, layout and value, and the sale evidence separates them clearly. Treating them as a single colony produces a number that is wrong for at least two of the three.

Metro proximity is a strong factor in this pocket and it does not fall evenly across the phases. We use evidence from your own phase, and say so in the report.

Cooperative society flats and what a lender asks

Most stock here is cooperative group housing. That brings transfer rules, a share certificate, a no objection requirement and sometimes pending dues, all of which affect how easily the flat could be sold.

A bank lending against a society flat is really asking two questions: what is it worth, and could we realise it. We record the society position so the second question has an answer in the file rather than a gap.

What the inspection covers

Measured carpet area, floor and lift position, the condition of the block and its common areas, any seepage or structural issues, and the state of the internal work. In blocks of this age the maintenance standard varies noticeably between societies on the same road.

Mayur Vihar falls in category D of the circle rate schedule, which sets the registration floor. Actual rates in the better maintained societies sit above it.

East Delhi documents

Share certificate, allotment and possession letters, the conveyance deed where it exists, maintenance receipts and the dues position. Registration for an East Delhi property goes through the sub registrar office covering that district.

Questions we get in Mayur Vihar

Which phase values highest?: It depends on the specific society and its distance from the metro more than on the phase number alone. We use sales from your own phase and pocket rather than a Mayur Vihar average.
The society has not cleared our transfer yet.: The valuation can proceed. We record the transfer position on the date of inspection. The bank will want it resolved before disbursal, so it is worth starting that process alongside the loan application.
Does a higher floor without a lift reduce the value?: Yes, and noticeably, because it narrows the buyer pool. That shows up more in the forced sale value than in the market value, and the forced sale value is what drives a loan against property.
We have added a room on the terrace. Is it counted?: Only if it is authorised and documented. We measure and record it either way, and state its status, because an unauthorised addition can affect what a lender will accept.

Checked by Parish Rao, Chartered Engineer and Government Approved Valuer (Registration number CAT-I/443/117/2000-01).

Page last checked on 7 October 2026.