Friday, January 25, 2008

Moving towards efficiency

Property valuation as a specialism has not developed in India and there are no educational programmes aimed at training valuers. The problem now is that the real estate market developments has moved ahead and requires these skills but the hardware to supply these skills has not developed. For a change the regulation is ahead of the market! Building human capacity such as valuation would be a great challenge in the development of REITs and MBS in India.

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