Market Rent Assessment

FAIR MARKET RENT ASSESSMENT

Scope of Work & Methodology:

Core ComponentsTasks and ActivitiesOutcome / Verifiable Indicators
Overview of city and the subject site region
  • A city snapshot comprising key facts & figures on the city across geographic, demographic, administrative and real estate related aspects
  • Location, regional settings and connectivity
  • Appreciation of the regional importance of the city
  • Description of strategic important zones in the city
  • Micro-market profiling
  • Key statistics of the city at a glance
  • Qualitative & quantitative appreciation of city in terms of its strategic location and regional importance
  • Overview of geographic distribution of macro-market real estate sectors
Demographic and Socio-economic Characteristics of the City
  • Overall population of the city, its historical growth trends and pattern
  • Population projection city for the next 2-4 years with year on year growth projections
  • Qualitative assessment of socio-economic classification of population
  • Demographic & Socio-economic characteristics of the city and the region
  • Historic growth trends and likely growth trends in future
  • Outlook on the overall demographic characteristics
Infrastructure Development Initiatives
  • Major infrastructure projects - both proposed and ongoing
  • Implication of the above infrastructure projects across different real estate sectors - both at macro-level and micro-level for the Project area
  • Analysis of the infrastructure initiatives - both ongoing & proposed and resultant variation (increase / decrease) in demand for real estate spaces
Fair Market Rent Assessment
  • Visual inspection of the subject property in presence of Client’s representatives
  • Review of site’s information to be provided by the Client including site’s area
  • Carry out macro- and micro-market research for rental transactions and/or asking instances related to developments around the subject property;
  • Gather and analyse comparable residential rental transactions and/or asking instances;
  • Present basis of Market Rent Assessment methodology(ies) adopted, and their underlying assumptions
Fair Market Rent Assessment conclusion for the subject property.