Dear Arup, My query is regarding the valuation of old property (like a flat more than 12 yrs old) done by banks (when buyer applies for a home loan) for calculating the loan possible for such flat. I guess they use some ready reckoner rates issued by Maharashtra govt and further apply depreciation as per life of the property. I would like to know the exact procedure/ calculation of this valuation. I am informed by brokers/ real estate agents that the flats are sold at much higher price than the bank valuations hence the loans possible for such flats is much lower.Dear Arup, My query is regarding the valuation of old property (like a flat more than 12 yrs old) done by banks (when buyer applies for a home loan) for calculating the loan possible for such flat. I guess they use some ready reckoner rates issued by Maharashtra govt and further apply depreciation as per life of the property. I would like to know the exact procedure/ calculation of this valuation. I am informed by brokers/ real estate agents that the flats are sold at much higher price than the bank valuations hence the loans possible for such flats is much lower.

Thanks Mr. Shantanu for responding to my query. Actually my query is related to ownership type of a property- Flat and not business in General. Specific doubt is about the leasehold type of ownership like in case of cidco flats where the agreement is for 66 yrs. I would like to know what happens when 66 yrs are over. This might happen for purchase of an old flat which has already completed say 15-20 yrs.Thanks Mr. Shantanu for responding to my query. Actually my query is related to ownership type of a property- Flat and not business in General. Specific doubt is about the leasehold type of ownership like in case of cidco flats where the agreement is for 66 yrs. I would like to know what happens when 66 yrs are over. This might happen for purchase of an old flat which has already completed say 15-20 yrs.