TMI BlogValuation of assetsX X X X Extracts X X X X X X X X Extracts X X X X ..... in valuation of real estate. (2) Full valuation includes a detailed valuation of all assets by the valuer including physical inspection of every property by the valuer. (3) Full valuation report shall include the mandatory minimum disclosures as specified in Schedule V to these regulations. (4) A full valuation shall be conducted by the valuer atleast once in every financial year: Pro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... EIT assets and include a summary of the report in the offer document: Provided that such valuation report shall not be more than six months old at the time of such offer: Provided further that this shall not apply in cases where full valuation has been undertaken not more than six months prior to such issue and no material changes have occurred thereafter. (8) For any transaction of purch ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 22. (9) No valuer shall undertake valuation of the same property for more than four years consecutively: Provided that the valuer may be reappointed after a period of not less than two years from the date it ceases to be the valuer of the REIT. 2 [***] (11) In case of any material development that may have an impact on the valuation of the REIT assets, then manager shall require the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... luation undertaken by any valuer shall abide by international valuation standards and valuation standards as may be specified by Institute of Chartered Accountants of India (ICAI) for valuation of real estate assets: Provided that in case of any conflict, standards specified by ICAI shall prevail. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxa ..... X X X X Extracts X X X X X X X X Extracts X X X X
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