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DRIVE WINTER 2015
PROGRAM Bachelor of
Business Administration- BBA
SEMESTER 6
SUBJECT CODE & NAME
BBR602-Retail Project
Property Management and Case Studies in Retail
BK ID - B 1941
CREDIT & MARKS - 4 Credits, 60 marks
Q1. How good is it to
take property management as a profession? 10
Answer: Property management as a profession: The
transformation of urban real estate sector has led to a great demand for the
professional property management. This further has increased the demand
for professional property managers. Professional university education in
real estate is primarily focused at graduate
Q2. “A home appraisal
is a complicated procedure used for determining the value of a home”. Explain
how physical appraisal of the property is done? 10
Answer: Physical Appraisal of Property: A
home appraisal is a complicated procedure used for determining the value of
a home. Trained and certified appraisers consider all the factors that affect
the value of a property such as permanent fixtures and land. As homes
change and their values change
Q3. Explain the factors
which are focused while formulating a property management plan. 10
Answer:
Factors: formulating a property management
plan, the property manager focuses
on the following factors, as depicted in below:
Market
analysis: Market analysis is an integral
part of property management. It plays a crucial role and gives a fair
idea
Q4. What are the
various functional areas of responsibility in managing retail property? 10
Answer: Various
functional areas of responsibility in managing retail property:
The four
functional areas of responsibility, as depicted in
Figure.
Q5. Explain the types
of the retail Property Value. 10
Answer: Types of Property Value: In
all the instances, the relationship of a buyer and a seller or a landlord and
a tenant begins with the inquiry of the property value. Property values can
be subjective. It may be more valuable to one person than to another, because
different people may derive different uses from the same property. The
value of a property is influenced by its
Q6. Explain the
following. (Income Method of Property
Valuation) 10
Answer: Income Method: The
income method is the basic or intrinsic method of property valuation. The
present value of the property is estimated, based on the projected future net
income and resale value. The method uses the Discounted Cash Flow (DCF) model
to determine the present value of an investment. This is based on the
assumption of the principle of ‘opportunity cost of
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