Akola 1

NEEV INTERNATIONAL Tin No.
: NACAAAAHEXSE001
Registered and Government Approved Valuer, MIV : A-13723
Global Arbitrator, Engineers, Quality Auditor, MIET : 1100300826
Surveyors, Bill Settlement, Loans Settlement, Income Tax:324 Grade I
Legal and Contracts Consultant email- orders@neevn.in
Supreme Court and High Court Phone:-+917309812338
Valuer Work – SBI,IDBI and RBI
S.No. Chapter Content Details
1. Introduction 1. Name of Valuer Er. G.P. Gupta and

Rohit Kapoor
2. Date of Valuation 31-05-2023
3. Purpose of Valuation Fair Valuation
4. Name of Owner/s Jibrail Ibrahim Diwan S/o
Mr. Ibrahim Khusru
Diwan R/o Tilak Park
Ramdas Peth Akola
444001
---
5. Name of Bank as applicable --

NA
6. Name of Developer of the Property
(in case of developer built properties) NA Akola Nagar Maha
Nagar Palika
2. Physical 1. Location of the asset Plot 54/4 54/2B Near
characteristics
2. Municipal Ward No. Ward No. 14 Kirana Bazar
of
the asset 3. Postal address Taluka Zila Akola
Taplabad
Akola 4440001
Maharashtra
4. Area of the plot/land ( supported by a plan )

5. Layout plan of the layout in which the asset is l 14399.9712 Sq. Meter
ocated. 155000 Sq. Ft
Attached
NEEV INTERNATIONAL Tin No.: NACAAAAHEXSE001
6. Details of Roads abutting the asset 12 Mts Road at West

12 Mts Road at East
7. Demarcation of the asset under valuation on a North - Tulshan Layout
South –Savitri Phule
neighbourhood layout map Vegetable Market
East –Hemant Anandani
Layout
West – Kiran Kumar Ratilal
Shah
Prime commercial
8. Description of Adjoining properties property at AKOLA with
permissible
developable FSI of 1.3
Very near Shegaon

bypass near to TATA
MOTORS and Maruti
9. Survey no. if any Showroom all public
transport National
10. Any other aspect= Highway No. 6 Mumbai to
Kolkata
3. 1. Master plan provisions related to the property Attached

Town plann
ing in terms of land use
parameters (if
2. Planning area/zone permissible
applicable)
ward Taplabad
3. Development controls Ward No. 014

4. Zoning regulations Taplabad Akola
Maharashtra
5. FAR/FSI permitted and consumed
6. Ground coverage Akola 1.3

7. Transferability of development rights if any, As per norms
building bye-law provisions as applicable to the N.A.
property viz. setbacks, height restrictions, etc. N.A
8. Comment on surrounding land uses and adjoinin
g properties in terms of usage Office Use
9. Comment on unauthorized constructions if any
10. Comment on demolition proceedings if any NA
FSI/FAR is 1.3 combine
to office area at 3rd
11. Comment on compounding /regularisation proce Floor
edings Nil good commercial
12. Comment on whether NOC has been issued or n property
ot Any other aspect
4. Legal aspects Description of legal aspects to include:
1. Ownership documents, Verified
2. Names of Owner/s Jibrail Ibrahim Diwan

S/o Mr. Ibrahim Khusru
Diwan R/o Tilak Path
Ramdas Peth Akola
444001
3. Title verification,
Freehold
4. Details of leases if any,===na
5. Ordinary status of freehold or leasehold includi
Nil
ng restrictions on transfer,
Nil
6. Agreements of easements if any,
Nil
7. Notification for acquisition if any,
8. Notification for road widening if any, NIl

9. Heritage restrictions if any, All legal docum
ents, receipts related to electricity, water tax,
property tax and any other building taxes to
be verified and copies as applicable to be
enclosed with the report,
10. Comment on transferability of the property
ownership, Prime Commercial
11. Comment on existing mortgages/charges/encu property in Akola
mbrances on the property if any District Akola
12. Comment on whether the owners of the property N.A.
have issued any guarantee (personal or corporate)
as the case may be
13. Building plan sanction, illegal constructions Sanctioned attached
any done without plan sanction/violations.
14. Any other aspect.
5. Socio-cultural Descriptive account of the location of the asset commercial property at
aspects in terms of the social structure of the area,
Savitribhai Phule
population, social stratification,
regional origin, age groups, economic level wholesale vegetable
s, location of slums / squatter settlements
and Jyotiba Phule
nearby, etc.
Flower Market Akola to
Loni Road main
Highway NH 6 Mumbai
To Kolkata Highway
accessible location for
all.
6. Functional and Description of the functionality and utility of the This is a commercial
utilitarian
asset in terms of: property land located at
aspects
1. Space allocation, National highway
2. Storage spaces, connecting Mumbai

3. Utility of spaces provided within the building, and Kolkata.
4. Any other aspect This has ample space
for construction and is
a Land of High Value.
The aspect on being a
development land is
another great value of
this property.
This has all amenities
and nearby with 2
sheds of 40X50 and
50X70 on it.
There is boundary
made on the property
Touches Poddar High
School and Sunnah
Hospital
7. Infrastructure a) Description of aqua infrastructure availability in
availability terms of
1. Water supply, Yes
2. Sewerage/sanitation,
Yes
3. Storm water drainage, Yes
b) Description of other physical infrastructure facilitie

s viz.
1. Solid waste management Yes
2. Electricity
Yes
3. Roads and public transportation connectivity Yes
4. Availability of other public utilities nearby

Yes
a. Schools
Yes
b. Medical facilities
c. Recreation facilities in terms of parks and open
spaces
8. Engineering a Description of engineering and technology aspects t Nil as this is a
nd technology
o include Commercial Piece of
aspects
1. Type of construction, Land
2. Materials and technology used,
3. Specifications,
4. Maintenance issues,
5. Age of the building
6. Total life of the building,
7. Extent of deterioration,
8. Structural safety
9. Protection against natural disasters viz. earthqua
kes,
10. Visible damage in the building if any,
11. Common facilities viz. lift, water pump, li
ghts, security systems, etc.,
12. System of air-conditioning,
13. Provision for fire fighting,
9. Valuation Extent of the Plot for valuation ** As below
Prevailing Circle Rate @ 40000 commercial land 2,952,000,000
Assesed Value @ 205000 per square meter only
INR only
=(Assessed value of the plot is Two Hundred
Ninety Five Crores Twenty Lacs INR) Sheds and
boundary not taken
As per attached Valuation sheet below
I hereby declare that :

10. Declaration
a) The information provided is true and correct to t
he best of my knowledge and belief.
b) The analysis and conclusions are limited
by the reported assumptions and conditions.
c) I have no direct or indirect interest in the asset
valued. The purpose of this report is not legal.
d) I/my authorized representative by
the name of Er. G.P. Gupta
who is also a „valuer‟, has inspected the
subject property on 31-05-2023
e) I am a „valuer‟ as per the existing provisions in
Category A Er. G.P. Gupta
and fulfill the education, experience and other criteri
a laid out therein.
Name and address of the Valuer

Er. G.P. Gupta
3/246 Vipul Khand
Gomti Nagar Lucknow 226010
Name of Valuer Association of which I am a bonafi
e member in good standing Indian Institution of
Valuers
Membership Number
GP Gupta 324 of GOI I Tax.
Signature of the Valuer ………………………………
Date ………… ………………………………….
E-Mail …Orders@neevn.in…..……………
11. Enclosures: Photographs
■ Photographs of the property being valued
■ Any other relevant documents/extracts
FORM O – 1
VALUATION
REPORT
Part – 1 –
Questionnaire
1 Purpose for which valuation is made Fair Market Value for Project
2 Date as on which valuation is made 31-05-2023
3 Name of the owner / owners : Jibrail Ibrahim Diwan S/o Mr. Ibrahim Khusru Diwan R/o
Tilak Path Ramdas Peth Akola 444001
4 If the property is under joint As above

ownership/co- ownership, share of each
such owner. Are the shares undivided?
5 Brief description of the property Prime commercial property at Akola with permissiable
Boundary of property : North - Tulshan Layout

South –Savitri Phule Vegetable Market
East –Hemant Anandani Layout
West – Kiran Kumar Ratilal Shah
6 Location, Street, Ward No. Ward No. 014 Taplabad Akola 444001 Plot No. 54/4
54/2B
7 Survey / House No. of Land 54/4 54/2B Plot Nos.
8 Is the property situated in residential/ Prime Commercial Property at Akola 444001

commercial / mixed area / industrial Maharashtra
area?
9 Classification of locality – high A Class Infrastructure

class/middle class/ poor class: middle
class high society
10 Proximity to civic amenities, like schools, Near to Tata Motors and Maruti Showrooms
hospitals, offices, markets, cinemas, etc.
:
11 Means & proximity to surface At Main NH6 Highway of Mumbai Kolkata highway
communication by which the locality is
Dated
Property Valuation Summary
Plot No. 54/4 54/2B at Akola District Akola

Particulars of the property :-
Property:- World Class Infrastructure with full amenities progress

Type of property :- Commercial Multiplex office building
Size of Total Land:- 14399.9712 sq. m
155000 sq. Ft.
Size of Building:- NA
Survey Nos:- Nil
Name of Mohalla / Village / Locality where land is
situated, as per Revenue Records :- Ward No. 14 Taplabad
Alloted V Code and in the Circle Rate Guideline
Book :-
Fair Market Valuation as per Valuer :-
Circle Rate @ 40000
576,000,000
Prevailing Market Rate at which property is being
sold @205000
Fair Market Value as per Valuers Opinion
“Sale Price Being Offered” 2,952,000,000
Realizable Value ( As per Valuer's opinion ) :- SALE VALUE- STAMP DUTY
Distress Value ( As per Valuer's opinion ) :- Less 25% of the Value of Realizable Value
Two Hundred Ninety Five Crores Twenty

Total Fair Market Value of Property Lacs INR
10 Assumptions 1) Changes can be made. If any of the information assumptions on which the valuations
/ Remarks
are done are subsequently found to be variating, should be reported, so that changes can be
made.
11 Declaration 1) The property was inspected by the undersigned on…………………..
2) The undersigned does not have any direct/indirect interest in the above property.
3) The information furnished herein is true and correct to the best of our knowledge.
12 Name, Er. G.P. Gupta Date of

address & valuation
3/246 Vipul Khand Gomti Nagar Lucknow
signature of
Valuer Signature of the
Valuers
13 List of Registry details as given by the client

Documents
enclosed
14 List of A set of Photo in Separate orders has been given to the client
Photos
enclosed

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NEEV INTERNATIONAL Tin No.

S.No. Chapter Content Details

1. Introduction 1. Name of Valuer Er. G.P. Gupta and

5. Name of Bank as applicable --

4. Area of the plot/land ( supported by a plan )

6. Details of Roads abutting the asset 12 Mts Road at West

Very near Shegaon

3. 1. Master plan provisions related to the property Attached

3. Development controls Ward No. 014

6. Ground coverage Akola 1.3

2. Names of Owner/s Jibrail Ibrahim Diwan

8. Notification for road widening if any, NIl

2. Storage spaces, connecting Mumbai

b) Description of other physical infrastructure facilitie

4. Availability of other public utilities nearby

I hereby declare that :

Name and address of the Valuer

Signature of the Valuer ………………………………

Date ………… ………………………………….

2 Date as on which valuation is made 31-05-2023

4 If the property is under joint As above

Boundary of property : North - Tulshan Layout

8 Is the property situated in residential/ Prime Commercial Property at Akola 444001

9 Classification of locality – high A Class Infrastructure

Plot No. 54/4 54/2B at Akola District Akola

Property:- World Class Infrastructure with full amenities progress

Two Hundred Ninety Five Crores Twenty

12 Name, Er. G.P. Gupta Date of

13 List of Registry details as given by the client

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