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

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Ali Faizan Syed · Accepted Answer

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.

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

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Ali Faizan Syed