Property valuation is the process of determining the current market value of a real estate property. This is often done for various purposes, such as buying or selling a property, securing a mortgage, estate planning, taxation, or for investment analysis. Valuation is important because it helps individuals and entities make informed decisions about the financial aspects of a property.
EMI are used to pay off both interest & principal each month. It is calculated on the following parameters:
EMI can be reduced by increasing the time period, but this will come at a cost of more interest to the bank and liability for a larger duration.