Standard Disclaimer

Standard Disclaimer

        As per IVS, IBBI guidelines and prudent valuation practice, the following disclaimers apply to all valuation reports issued by RAC Advisory Consultant:

Legal title / ownership

We have relied upon title documents provided by the client; no legal opinion or verification of ownership is rendered.

Construction quality / latent defects

No invasive structural survey conducted; valuation assumes standard construction quality for age/type.

Low scalability / illiquidity

Marketability and scalability depend on prevailing conditions; no guarantee of future liquidity or exit price.

Natural calamities

Loss or value diminution due to earthquake, flood, cyclone or any natural disaster after valuation date is excluded.

Demolition / legal non-conformance

Building approvals & demolition risk not verified; valuation assumes legal standing as of inspection date.

Malafide intention of applicant

Reliance on client representations; not liable for willful suppression or fraudulent misrepresentation of facts.

Post-funding NPA / credit event

Value as on effective date only; subsequent borrower default, NPA or credit deterioration beyond valuer’s responsibility.

Identification from phone number

Contact details and identification provided by client accepted at face value; no independent verification of identity.

Change in zoning / master plan

Future statutory land use, FSI changes or development control rules not anticipated in this valuation.

Encroachment & boundary disputes

Boundaries as per documents; no physical survey or encroachment check performed.

Outstanding dues (tax / maintenance)

Statutory or municipal dues, levies, or society charges not verified and excluded from valuation.

 
Environmental contamination

No environmental site assessment, soil testing or hazardous material survey (asbestos, chemicals) conducted.

Tenancy / occupational rights

Vacant possession assumed unless otherwise stated; tenancy rights not independently verified.

 
Functional / technological obsolescence

Future obsolescence arising post-valuation date is not accounted for.

 
Pending litigation

Impact of any pending or threatened court, RERA or tribunal litigation not assessed unless specifically noted.

Market uncertainty & volatility

Material valuation uncertainty may apply; actual realizable value may differ due to unforeseen market shifts.

Statutory Declaration

DECLARATION BY THE VALUER — RAC Advisory Consultant

 

  • No direct or indirect interest — I have no direct or indirect interest in the property being valued nor in any entity owning/controlling it. No financial or personal relationship exists that could affect impartiality.
  • Information true & correct — The information furnished in the valuation report is true and correct to the best of my knowledge, information, and belief, exercised with due diligence and professional care.
  • Code of conduct compliance — I abide by the Code of Conduct as provided at the time of empanelment (IBBI, Institute of Valuers) and IBBI (Registered Valuers) Regulations, 2020.
  • Personal inspection of property — I have personally inspected the subject property on [Date of Inspection] along with authorized representative, verifying location, access, physical condition and visible construction parameters.
  • Strict compliance with valuation norms — I/We confirm that the norms / procedures of valuation as prescribed by the ‘Institute of Valuers’ (IOV), International Valuation Standards (IVS) and IBBI have been strictly complied with in preparation of this report, using appropriate methodology (Cost / Direct Comparison / Income Capitalization).
  • Limitation & reliance scope — Valuation is valid only as on Effective Valuation Date. I am not responsible for changes in market conditions, legal status, physical state, demolition orders, or natural calamities after that date. Legal title, structural soundness, hidden defects, environmental contamination, and future calamities are outside the scope as detailed in disclaimers.
  • No contingent fee or undisclosed benefit — My professional fee is not contingent upon the reported value, and no undisclosed benefit has been received from any party in relation to this valuation.
  • Purpose & restriction of use — This report is issued solely for the purpose stated in engagement letter and may not be used for any other purpose without written consent.
Place: _______________
Date: _______________
                                                                                                                                                                                                                         (Signature)
                                                                                                                                                     _________________________________
                                                                                                                                                                                   Name: ________________________
                                                                                                                           Designation: Registered Valuer (RAC Advisory Consultant)
                                                                                                                                                                                               
 
 

Additional Caveats & Risk Coverage

Post-funding & NPA protection

“The valuation is based on financial/operational parameters as on the valuation date. Any subsequent classification as NPA, change in borrower creditworthiness, or regulatory action does not render the valuer liable.”

“The lending institution’s credit decision is independent of this valuation; the valuer assumes no responsibility for commercial viability or post-disbursement recovery.”

Force majeure & general causes

“Valuation does not cover loss due to war, civil unrest, government acquisition (except where specifically noted), radioactive contamination, or any act of God occurring after valuation.”

“The valuer is not liable for losses arising from identity fraud, falsified documents that were not reasonably detectable during standard due diligence, or misrepresentation by third parties.”

Low quality / construction defects

“Visual inspection only – no destructive testing. Any non-compliance with building bye-laws or poor workmanship affecting long-term durability is excluded unless explicitly reported as a material defect.”

📌 Note for users (Banks / Lenders / Investors):

All the above disclaimers, declarations and limitation clauses are compliant with International Valuation Standards (IVS 101 – Scope of Work, IVS 103 – Reporting) and IBBI’s mandatory disclosure requirements. These protect valuer’s interest in cases of unforeseen NPA, low scalability, legal disputes or applicant malafide actions, while maintaining the highest professional integrity.

RAC Advisory Consultant — Standards Commitment

✓ IVS compliant valuation reports

✓ IBBI registered and audited processes

✓ Institute of Valuers (RVO) procedures adhered

✓ No hidden interest / certified independence

✓ Regular site inspection with photo evidence

✓ Specific risk flags if observable construction defects

✓ Protection from post-report legal/calamity claims

⚖️ Disclaimer to readers: The information contained on this page represents standard disclosure templates for valuation engagements by RAC Advisory Consultant. Every assignment may require case-specific tailoring. The above declarations & disclaimers shall be read in conjunction with the final valuation report.