Environmental Issues in Valuation
ENVIRONMENTAL ISSUES IN VALUATION Author - Prof. K. N. Sheth B.E. (Civil), M.E. (Civil), MBA (Mkt.), MBA (IT), PGDPM, DAM, LLB (General), LLB (Special), LLM, Ph.D. (E.E.), Ph.D. (Law) Subject Editor - Mr. Jigesh Mehta B.E. (Civil), Master of Science in Civil Engg. (USA), MV (RE), MV (PM) Language Editor - Mr. Bhadrakkumar Majmudar B.Sc. ACKNOWLEDGEMENT Centre for Valuation Studies, Research & Training Association (CVSRTA) is thankful to the author of this subject Prof. K.N. Sheth for preparing the study material and also surrendering his right in favor of CVSRTA to get copyright in favor of CVSRTA. CVSRTA is also thankful to Mr. Jigesh Mehta for rendering the service as subject editor and Mr. Bhadrakkumar Majmudar as language editor. Kirit P. Budhbhatti Chairman, CVSRTA 1 INDEX Sr. No. Module Content Page No. No. 1 1 Environmental Issues and Pollution 3-16 2 2 Outline of Environmental Legislations 17-33 3 3 Valuation of Environmentally affected Property 34-40 4 4 General Effects of Contamination of Property 41-52 5 5 Environmental Valuation Techniques 53-76 2 MODULE-1 ENVIRONMENTAL ISSUES AND POLLUTION As stated in Professional Standards (PS2) of the Royal Institution of Chartered Surveyors’ (RICS) Valuation Global Standards 2017, if the valuer does not have the required level of expertise to deal with some aspect of the valuation assignment properly, then he/she should decide what assistance is needed. With the express agreement of the client where appropriate, the valuer should then commission, assemble and interpret relevant information from other professionals, such as specialist valuers, environmental surveyors, accountants and lawyers.
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