DTZ

16 July, 2010

Starting July 2010, FICCI (Federation of Indian Chambers of Commerce and Industry) jointly with DTZ International Property Advisers will organise a series of knowledge workshops for the Indian Real Estate sector.

The workshop on "Real Estate Valuation" shall focus on principles and approaches of real estate valuation providing an insight into a practitioner's perspective to the consumers and provider of valuation services, especially in Indian context.

In an emerging market like India, which is the second fastest growing economy of the world, real estate is a prominent driver of the economic growth. Over the past few years, the real estate sector and its allied industries has led to a significant value addition.

Value by its definition is subjective in nature and thus renders the process of valuation vulnerable to the subjectivity of the assessor or valuer. The overwhelming role of real estate valuation in recent global financial crisis is well documented and brings into focus the need for a comprehensive understanding of the concept, regulation and practice of real estate valuation.

As real estate emerges from this crisis as a dominant investment vehicle on its own as well as a basis of structured financial products, the need for such an objective understanding of values of the underlying real estate becomes critical for the smooth functioning of the financial markets.

ABOUT FICCI

Established in 1927, FICCI is the largest and oldest apex business organisation in India. Its history is closely interwoven with India's struggle for independence and its subsequent emergence as one of the most rapidly growing economies globally. FICCI plays a leading role in policy debates that are at the forefront of social, economic and political change. Through its 400 professionals, FICCI is active in 39 sectors of the economy. FICCI's stand on policy issues is sought out by think tanks, governments and academia. Its publications are widely read for their in-depth research and policy prescriptions. FICCI has joint business councils with 79 countries around the world.

A non-government, not-for-profit organisation, FICCI is the voice of India's business and industry. FICCI has direct membership from the private as well as public sectors, including SMEs and MNCs, and an indirect membership of over 83,000 companies from regional chambers of commerce.

FICCI works closely with the government on policy issues, enhancing efficiency, competitiveness and expanding business opportunities for industry through a range of specialised services and global linkages. It also provides a platform for sector specific consensus building and networking.

Partnerships with countries across the world carry forward our initiatives in inclusive development, which encompass health, education, livelihood, governance, skill development, etc. FICCI serves as the first port of call for Indian industry and the international business community.