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After NITI Aayog is believed to have recommended that the Centre halt all major construction works across the country for two years, the Amritsar Architect Practitioners Association has issued an advisory urging professional valuers to take precautionary measures to avoid a potential crisis.
Valuers assess the value of properties, enabling owners to secure loans against these.
Raj Kumar Aggarwal, president of the association, on Wednesday said, in light of the Prime Minister’s recent observations and the possibility of an economic slowdown, valuers must adopt a highly cautious and professional approach while preparing valuation reports.
“A prudent risk adjustment is advisable, particularly for properties on the outskirts of developed cities, where volatility tends to be higher. Urban areas may warrant conservative assumptions, given the potential for 10–20 per cent corrections,” the advisory read.
It added that reports should be firmly grounded in evidence-based valuation, relying on verified transaction data, registered sale deeds and credible market benchmarks, rather than speculative or seller-driven expectations.
The association further suggested that valuers incorporate broader market trend analysis, taking into account macroeconomic indicators such as GDP growth, inflation, interest rates and liquidity conditions, along with sector-specific signals such as demand patterns and lending activity.
Valuers should also apply the comparable sales method using multiple transaction references to strengthen credibility and reduce bias, it said.
The advisory recommended that valuers factor in liquidity considerations, noting that properties with limited buyer interest carry higher risk and should reflect appropriate discounts.
It stressed that transparency was critical, with all assumptions, data sources and reasoning clearly documented to protect professional integrity and build trust.
It also called for strict regulatory compliance with guidelines issued by professional and statutory bodies.
Valuation reports during periods of uncertainty, it said, should emphasise balance, caution and professionalism, avoid inflated projections, highlight the possibility of market corrections, and remain transparent in methodology.
This approach, the association added, would not only safeguard clients’ interests but also uphold the credibility of valuers in a potentially volatile market.
