How is the value of a residential plot determined in Defence, PECHS, KDA and Gulshan-e-Iqbal?

Do we use the same formula for a commercial plot?

EVALUATION OF RESIDENTIAL PLOT IN DEFENCE, KDA, GULSHAN-E-IQBAL AND PECHS

Residential Plot:
Definition: It is piece of land that is used for the residence purpose. There is no any kind of business or trading is allowed in it OR A district where people live occupied primarily by private residence. Commercial Plot:
It is used for commercial activities. These activities include the buying and selling of goods and services in retail businesses, wholesale buying and selling, financial establishments, and wide variety of services that are broadly classified as "business". Industrial Plot: An area that has predominantly as industry as its main land use.

Evaluation of Resendital plot in DHA, GULSHAN-E-IQBAL, PECHS, KDA took place Introduction dha:
The perennial history of DHA is an embodiment of a cherished journey of progress and advancement. A city within a city, DHA over the years has come to be known as one of the finest and the biggest housing project scheme of the country. The Housing Authority infused with a sprit of modernity and dynamism is constantly moving ahead to meet the challenging requirements of the future. To meet the emerging requirements of time and to stay up with the pace of progress, DHA has launched some futuristic landmark projects, which will serve as examples of pride and accomplishment. DHA as a forward looking organization with hands on the present and eyes for the future is poised to achieve new heights of glory with a promise for a shining and cherished future

Introduction to KDA:

Evaluation Of Land: Definition:-

the process of prediction of land performance when the land is used for specified purposes. Land evaluation can be a key tool for land use planning,

Property Valuation is the most significant part of a property transaction. Assessment process is used to assess the market value of asset. A complete evaluation report contains value of all the major property along with the way, in which the valuation has been performed.

The principle factors that influence on the market is demand and supply system, market, types of property, quality construction, its site, available infrastructure in that region and maintenance of the property as well as that of the properties.

When evaluating the land following aim should be considered which are as follow.
- How is the land currently managed, and what will happen if present practices remain unchanged? - What improvements in management practices, within the present use, are possible? - What other uses of land are physically possible and economically and socially relevant? - Which of these uses offer possibilities of sustained production or other benefits? - What adverse effects, physical, economic or social, are associated with each use? - What recurrent input is necessary to bring about the desired production and minimize the adverse effects? What are the benefits of each form of use?

Factor that plays important role in evaluating the resensitial property. Present worth of the area Location of the land Economic condition of the country. Law and order situation of the country. New governmental policy Old or new building Security condition Availability of utility resources.

There is no any standardize formula to evaluate the property. But in order to evaluate the property above factor should must be taken into the consideration.

In evaluation of the land many actors plays their role is the evaluating the property. They are as follow.