Valuation of Real Estate and Infrastructure Assets

OBJECTIVES:
• To gain knowledge about the valuation of different infrastructure assets

UNIT I REAL ESTATE VALUATION
Scope and objectives -Concepts of valuation – Types of value – Value vs Price vs Cost-Different methods of valuation- SWOT analysis

UNIT II APPROACHES TO REAL ESTATE VALUATION
Sales comparison approach – Cost approach – Income approach – SWOT analysis

UNIT III VALUATION OF VARIOUS CATEGORIES OF REAL ESTATE
Residential real estate valuation – Commercial real estate valuation – Industrial real estate valuation – Retail real estate valuation- Mixed-use real estate valuation

UNIT IV INFRASTRUCTURE ASSET VALUATION
Objective and approaches-Different categories of infrastructure assets- Valuation methodology- Key operational and financial parameters -Valuation framework and models.

UNIT V SECTORAL INFRASTRUCTURE VALUATION
Power sector- IT sector – Telecom sector – Aviation-Education sector- Other service sectors- Plant and Machinery -Case studies

TOTAL: 45 PERIODS

OUTCOMES:
Students will gain knowledge and skills in connection to the valuation of different types of real estates and infrastructure assets.

REFERENCES:

1. Infrastructure valuation –Frederic Blanc – Brude and Majid Hasan, EDHEC Risk Institute
2. Infrastructure Asset Management – Frederic Blanc – Brude and Majid Hasan, EDHEC Risk Institute
3. Valuation techniques for infrastructure investment decisions, Michael J. Garvin, Department of Civil Engineering and Engineering Mechanics , Columbia University
4. https://www.thebalance.com/different-types-of-real-estate-investments-you-can-make-357986
5. http://rbsa.in/valuation_of_infrastructure_assets_specialized_assets.html
6. http://edhec.infrastructure.institute/wp-content/uploads/publications/blanc-brude_2015a.pdf
7. Application of Real Options in Infrastructure Projects Charles Y.J. Cheah, PhD, CFA