Case Facts: Asset Description: Commercial Office, A+ Grade development, 200, 000 sqft carpet area, 3 basements, Ample tenant and visitor parking. Plot area: 0.5 acres Asset Location: Central business district. 2 side open plot. Great commercial neighborhood. Accessible to train and bus stations, Limited availability of land in the micromarket Current tenants: 10

If you were to do a valuation exercise for the property as a developer intending to buy this property, what would be the estimated value. Consider current vacancy at 15%, estimated stabilized vacancy as 5%, Average current passing rental INR 125 per sqft per month, Market rental of similar building INR 130 per sqft per month. Property Tax: INR 400,000 per anum, Insurance premium: 500,000 per annum, Capitalization rate 7%.