How are disputes over the "purpose" of a valuation settled?

Every Real Property Valuation agreement must clearly state the specific purpose of the valuation, the completion period, and the financial consideration. If a dispute arises between a valuation firm and their client regarding these terms, RERA has t…

The full explanation

Every Real Property Valuation agreement must clearly state the specific purpose of the valuation, the completion period, and the financial consideration. If a dispute arises between a valuation firm and their client regarding these terms, RERA has the authority to intervene. The matter is considered by a specialised committee formed by the Director General. This provide a focused administrative path for resolving disagreements without immediately resorting to the general court system, ensuring that professional valuation standards are upheld and respected.

This is general information from the website library. Confirm current rules, fees and property details with the relevant authority before acting.

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