Residential Valuation in Mayur Vihar

Almost all residential property in Mayur Vihar is society housing, so a valuation here is as much about the society and the phase as it is about the flat itself.

The phases are separate markets

Phase one, phase two and phase three differ in age, layout and value. The sale evidence separates them clearly and a single Mayur Vihar rate would misprice at least two of the three.

We use evidence from your own phase and pocket, and the report says which. Metro proximity is a strong factor here and it varies across the phases.

Cooperative societies and what they carry

Cooperative group housing brings transfer rules, a share certificate, a no objection requirement and sometimes outstanding dues. None of that changes what a flat is worth in the abstract, but it does affect what a buyer will pay and how quickly a sale completes.

Where the society is well run and the accounts are clean, that supports value. Where transfers are slow or dues are contested, buyers discount it.

The flat itself

Measured carpet area rather than the brochure figure, the floor and lift position, the condition of the block, and the state of the internal work. In buildings of this age the maintenance standard between neighbouring societies on the same road can differ noticeably.

Mayur Vihar sits in category D of the circle rate schedule, which sets the registration floor. Better maintained societies trade above it.

Additions and enclosures

Terrace rooms and enclosed balconies are common here. We measure and record them, and state whether they appear to be authorised, because an unauthorised addition affects both value and saleability.