INTERNSHIP

CHAPTER 1

INTRODUCTION TO INTERNSHIP

1.1 Introduction
Internship offers many advantages for young students looking to expand their
employment or job opportunities, starting careers, or even other professional courses. It offers
you the opportunity to try out your profession courses, build your resume or cv, and meet
people who can help you in your career in future according to the skills. During it, do not miss
the opportunity to grow your skills, career path etc. Take advantage of it for many works.

One of the best reasons and purposes of an internship is to expose you to a specific job,
business, profession, or industry. While you may have an idea of what a job is of our field, it
is only when you do it that you will know if this is what you think and do, whether you have
the education and skills to do it, and if you like it. For example, you might think that marketing
is a creative process that involves creating a slogan and running a campaign or a company. It’s
with an advertising agency will help you find out that advertising includes consumer
demographics, focus groups and sales strategies, and media research and buying what we need.

It will, of course, help you find out more about the work environment but also about
yourself and how fit you are for the future. You have a clear idea about the strengths,
weaknesses, likes, and dislikes of you. Knowing that you have hands-on work experience will
make you more confident in job hunting and interviews around.

Another advantage of being in it is the building of business contacts. These people can
help you find a job, act as a referral, or help you with a project after you’ve been hired
elsewhere from the job. Meet the people who have the jobs you want one day and ask if you
can take them out to lunch or somewhere else. Ask them how they initiated their job and built
their career, how they got to where they are, and if they have suggestions for improving your
skills in the work.
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1.2 Objective of Internship

Internships serve as a bridge between academic theories and practical industry

exposure. The primary objective of this internship was to gain hands-on experience in
Retail Valuation, learn the workflow in retail projects, and understand the professional
environment of a civil engineering firm. The general objectives of an internship in
valuation are to provide interns with practical exposure to real-world valuation processes
across various asset types, such as real estate, retail inventory, or businesses. The
internship aims to enhance analytical and research skills by involving interns in data
collection, market analysis, and the application of valuation methods. It also seeks to
deepen their understanding of industry standards, regulatory frameworks, and ethical
practices.

1.3 Importance of Internship in Civil Engineering

Internships help engineering students apply classroom knowledge in real-world

scenarios. This internship helped in understanding Valuation, project scheduling, and
team coordination. An internship in retail valuation within the field of civil engineering
holds significant importance as it provides students with practical exposure to the
assessment of property and asset values in commercial and retail settings. This
experience allows interns to apply their engineering knowledge to real estate valuation,
including analyzing building structures, location factors, and market trends. By working
on valuation reports, site assessments, and cost estimations, interns develop a deeper
understanding of how civil engineering principles intersect with financial and market
considerations.

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1.4 Learning Outcomes

• Practical knowledge of Retail Valuation, cost and market value approaches.
• Exposure to practical scenarios and financial reporting.
• Basics of project management and Team communication.

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CHAPTER 2

COMPANY PROFILE

2.1 Overview Of Valuacion India Inc.

Valuacion India Inc. is a Property Valuation and Advisory Company founded in 2020
by L. Kamal Sreehari. She has over eighteen years of experience in the construction industry
and real estate sector. Commenced her career as a Project Quantity Surveyor with a leading
developer in South India. Moving on to technical evaluation for the mortgage valuation
division of a housing finance company and further enhanced her exposure in advisory services
with an international property consultancy. She has extensively worked in regions of
Karnataka, Kerala and Tamil Nadu. Her areas of expertise are real estate valuation, technical
due diligence, project monitoring and real estate consulting. She is also an IBBI registered
valuer with Registration Number IBBI/RV/08/2020/13118 and a Wealth Tax valuer with
Registration Number CAT-I/Reg.No.-12/PCIT-3/CCIT/BNG-1/2021-22.

2.2 Vision and Mission

We believe in offering quality services with precision and focus on details that add value to
the end user
Our Vision: Advice clients in value creation, risk mitigation and value realization
Our Mission: To provide real time real estate solutions

2.3 Services

• Valuation of Real Estate Assets

• Strategic Consulting
• Advisory Services

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• Techno Economic Viability Study

• Lender’s Engineering study
• Project valuations

2.4 Key People

Founder & MD: L. Kamal Sreehari.

2.5 Steps to Retail Valuation

Step 1- Case Initiated by Bankers.

Step 2- Allocations of cases from the team leader.

Step 3- Reading the documents of the cases allotted.

Step 4- Site visiting with costumer and inspecting details.

Step 5- Preparing the report in the format provided by the Banker.

Step 6-Submitting the Prepared reports to the Banker.

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CHAPTER 3

PROJECT OVERVIEW

3.1 Introduction

The internship focused on real estate valuation and related processes. Understanding the
fundamentals of real estate valuation was a primary objective. Practical exposure to property
documentation and audit processes was also gained. Analyzing valuation reports based on
location, type, and usage of property was a key task. Contributing to technical due diligence
for upcoming projects was another important aspect. Developing skills in vetting,
documentation, and data presentation was also emphasized. Valuation templates, checklists,
and development authority master plans were utilized. The real estate regulatory authority
website and Kaveri website for guideline rates were referenced. Specialized software was used
for report preparation and data handling. The internship provided valuable hands-on
experience in real estate valuation and related processes.

Fig. 3.1: Property Elevation

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3.2 BDA and BBMP Compliance in Property Valuation

The internship provided valuable insights into property valuation and governing
authorities in Bangalore. The Bangalore Development Authority (BDA), Bruhat Bengaluru
Mahanagara Palike (BBMP), and Bangalore Metropolitan Region Development Authority
(BMRDA) are the key governing bodies. Understanding different types of properties, including
residential, commercial, and retail, was essential. Various property documents, such as sale
deeds, gift deeds, wills, Katha, sanction plans, joint development agreements, and power of
attorney, were reviewed. Analyzing case documents and clarifying doubts was a crucial part
of the process. The concept of buffer zones, including areas near railway lines, Rajakaluve,
high-tension lines, lakes, cemeteries, and mobile towers, was introduced. Development
potential, including Floor Space Index (FSI) and Floor Area Ratio (FAR), was calculated and
analyzed. The built-up area, carpet area, gross built-up area, and net built-up area were
calculated and understood. Site orientation and boundaries were also studied, along with visual
differentiation of various property types. These concepts and skills are vital for accurate
property valuation and development. The internship provided hands-on experience in applying
these concepts to real-world scenarios. By understanding these key aspects, the complexities
of property valuation were better appreciated. The knowledge gained will be beneficial for
future careers in real estate and property development. Overall, the internship was a valuable
learning experience.

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Fig.3.2: Drainage (Rajakaluve)

3.3 Valuation Report Preparation

During the internship, draft valuation reports were prepared for various residential
properties, including row houses, flats, vacant sites, and independent houses. These reports
were based on thorough site inspections and site visit reports. A comprehensive approach was
adopted, involving project visits to assess construction activity, market studies to analyze
comparable projects, and determination of market value. The land use of properties was
verified as per the Master Plan (CDP 2015) of Bangalore, and the prevalent Government Rate
(SR Value) was obtained from the Kaveri Online website. Site measurements were conducted
to confirm property dimensions and area, and boundaries were verified. The valuation process
involved comparing projects with similar properties and gathering input from local brokers to
determine site value. The site visits provided valuable information for valuation reports,
ensuring that properties were being developed according to sanctioned plans. This hands-on
experience was instrumental in understanding the intricacies of property valuation. The Kaveri
website provides guideline values for properties in Karnataka, India. These values are used as
a reference point for determining property prices. The website allows users to check the
guideline values for specific properties. This information is essential for property valuation,

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registration, and taxation purposes. The Kaveri guideline values serve as a benchmark for
property transactions in Karnataka.

3.4 Objectives

• To understand the fundamentals of real estate valuation.

• To gain practical exposure to property documentation and audit processes.
• To analyse valuation reports based on location, type, and usage of property.
• To contribute to technical due diligence for upcoming projects.
• To develop skills in vetting, documentation, and data presentation.

3.5 Material Used

• Valuation templates and checklists.

• Development authority master plans, zoning regulations, local planning authority
regulations and master plans
• Real estate regulatory authority website.
• Kaveri website for guideline rates
• Software provided by financer for report preparation and data handling.
• MIS to record work done

Site Visit Procedure

• Studying of property documents and capturing details from documents

• Visited apartments, project and multi dwelling units

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• Reconciling the field data with documents and highlighting discrepancies

• Observing the building, its specifications, age, measurement of areas and capturing
details through photographs
• Observing and enquiring for drain, railway line, lake, mobile tower, cemetery etc. near
the property
• Checking its impact on property valuation.
• Market enquiry for direct and indirect comparable properties. Enquiring with brokers,
residents, association personal
• Arriving at the market rate for the subject property

Fig. 3.3: Parking Fig. 3.4: Hall

3.6 Methodology
• Site inspection and photo documentation.
• Data collection from municipal and revenue authorities.
• Comparative market analysis.
• Risk assessment and compliance check.
• Preparation of draft and final valuation reports.

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Fig. 3.5: Dishaank

Technical Operating Procedure

• Study existing case reports.
• Studying current site visit reports
• Reading legal documents
• Participate in field visits and analyze technical aspects.
• Review past reports and market data
• Analyzing data and conclusions

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CHAPTER 4

ROLE AND RESPONSIBILITIES

4.1 Placement in Organization

I was positioned under the Field Intern officer in the office team and reported directly to
the Proprietor L. Kamal Sreehari.

4.2 Daily Tasks

The daily task involves preparing draft valuation reports for various residential
properties, including row houses, flats, vacant sites, and independent houses. This is
accomplished through site inspections, market studies, and verification of construction
progress and compliance with approved plans. Site measurements are conducted to confirm
property dimensions, and market value is determined through comparable project analysis.
Government rates are obtained from the Kaveri Online website, ensuring accurate valuation
reports. These tasks enable the preparation of comprehensive valuation reports, providing
valuable insights into property development and value.

The property valuation process began with a thorough review and study of relevant
documents, followed by contacting the customer to schedule a site visit. During the visit, the
property was identified with the customer's support, and necessary documents were shared. A
detailed inspection of the property was conducted, observing its specifications, age, and
measuring areas, which were recorded in the report along with photographs. The inspection
also involved noting nearby factors such as drains, railway lines, lakes, mobile towers, and
cemeteries, and assessing their impact on property valuation. A market study was undertaken
to understand ongoing market feedback, involving enquiries with brokers, local residents, and
comparable projects in the neighborhood. After analyzing site visit data, market study findings,
and documents, discrepancies and issues affecting the property were highlighted. By

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comparing all collected data, the market rate for the subject property was determined,
providing an accurate valuation based on thorough research and analysis. This comprehensive
approach ensured a well-informed property valuation.

Property Valuation process

• Studying of property documents and capturing details from documents

• Visited apartments, project and multi dwelling units
• Reconciling the field data with documents and highlighting discrepancies
• Observing the building, its specifications, age, measurement of areas and capturing
details through photographs Observing and enquiring for drain, railway line, lake,
mobile tower, cemetery etc. near the property
• Checking its impact on property valuation.
• Market enquiry for direct and indirect comparable properties. Enquiring with brokers,
residents, association personal
• Arriving at the market rate for the subject property

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4.3 Site Visit Report

Fig. 4.1 : Site Visit Report Pg No. 1&2

Fig. 4.2 : Site Visit Report Pg No. 3&

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Fig. 4.3 : Site Visit Report Pg No. 5&6

Fig. 4.4: Site Visit Report Pg No. 7&8

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4.4 MAJOR FINANCERS

• ICICI Home Finance
• ARCIL (Asset Reconstruction Company India Limited)
• IndusInd Bank
• LNT Finance Limited
• ABHFL (Aditya Birla Home Finance Limited)
• SMFG (Fullerton India Credit Co. Ltd.)

4.4.1 ICICI FORMAT

Fig. 4.5: ICICI Format Pg No. 1&2

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Fig. 4.6: ICICI Format Pg No. 3&4

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SMFG (Fullerton India Credit Co. Ltd.)

Fig. 4.7: SMFG Format Pg No. 1&2

Fig. 4.8: SMFG Format Pg No. 1&2

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Fig. 4.9: SMFG Format Pg No. 5

INDUSIND BANK

Fig. 4.10: INDUSIND Format Pg No. 1&2

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Fig. 4.11: INDUSIND Format Pg No. 3&4

Fig. 4.12: INDUSIND Format Pg No. 5&6

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Fig. 4.12: INDUSIND Format Pg No.7

4.5 Weekly Tasks

• With teamwork, we can cover all the site visits
• We will manage site visits according to the schedule.
• Observing the building, its specifications, age, measurement of areas and
capturing details through photographs
• Developing communication skills with local people and brokers to determine
the market value of the site.
• Arriving at the market rate for the subject property

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CHAPTER 5

Learning and Activities

5.1 Property Valuation

Draft valuation reports were prepared for various residential properties. These included
row houses, flats, vacant sites, and independent houses. The valuation process involved
assessing property characteristics and market trends. Accurate valuations were conducted
based on thorough analysis and research. Property type, location, and market conditions were
considered. The reports provided a reliable basis for decision-making. Residential property
valuations require careful consideration of various factors. The valuation process aimed to
determine the market value of properties. By analyzing market data and property
characteristics, accurate valuations were achieved. The reports were prepared in accordance
with regulatory guidelines and industry standards.

Regulatory Compliance
Land use verification was conducted in accordance with the Bangalore Master Plan
(CDP 2015). Government Rates (SR Value) were obtained from the Kaveri Online website.
This ensured compliance with local regulations and guidelines. Regulatory adherence is crucial
for accurate property valuation. The Bangalore Master Plan provides a framework for land use
and development. The Kaveri Online website is a reliable source for Government Rates. By
verifying land use and obtaining Government Rates, property valuations can be conducted with
confidence. This approach ensures that valuations are based on accurate and up-to-date
information. Regulatory compliance is essential for maintaining the integrity of the valuation
process. Accurate property valuations rely on adherence to regulatory guidelines.
Site Inspections
Site visits were conducted to assess construction progress and quality of work.
Compliance with approved plans was also verified during these inspections. Site inspections

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enabled accurate evaluation of property development. Construction activity and progress were
monitored closely. The inspections helped identify potential issues and ensure adherence to
plans. This hands-on approach ensured accurate assessment of property value.

5.2 Activities Undertaken

Site Visits and Inspections
Site visits were conducted to verify construction activity and progress. Property
dimensions were measured to ensure accuracy. Site inspections enabled assessment of
construction quality. Compliance with approved plans was also verified. The visits helped
gather essential data for valuation reports. Accurate measurements and observations were
recorded during the site visits.
Market Study
A market study was conducted to determine property market value. Comparable projects
were analyzed to gather relevant data. Market trends and property prices were assessed. The
study helped identify key factors influencing market value. Data from similar properties was
used to inform valuation decisions. Market analysis enabled accurate determination of property
value. The study provided valuable insights into market conditions. By analyzing comparable
projects, market value was accurately assessed.
Data Collection
Data collection involved gathering information on property boundaries. Property
identification details were also collected. Site value was determined based on market analysis.
Relevant data was gathered to support valuation reports. Property characteristics and location
were considered. Accurate data collection ensured reliable valuation results. The collected data
helped inform valuation decisions.

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5.3 Applications of Guidelines

BDA and BBMP Regulations
BDA and BBMP regulations were adhered to for property valuation. Regulatory
guidelines ensured compliance with local laws. Property valuations were conducted in
accordance with these regulations. Adherence to guidelines maintained the integrity of the
valuation process. BDA and BBMP regulations provided a framework for accurate valuations.
Compliance with these regulations was essential for reliable results. The valuation process
followed established regulatory standards. By adhering to BDA and BBMP regulations,
valuations were conducted with confidence.

Kaveri Guidelines
The Kaveri Online website was utilized for obtaining Government Rates (SR Value).
This ensured accurate and up-to-date information for property valuation. The Kaveri guidelines
provided a reliable framework for determining property values. Government Rates were
obtained to support valuation reports. The website offered a convenient and efficient way to
access SR Values. By utilizing the Kaveri Online website, property valuations were conducted
with confidence. The guidelines helped maintain consistency in valuation practices. Accurate
SR Values were essential for reliable property valuations.

5.4 Skills Developed

Property Valuation
Developed skills in preparing draft valuation reports for residential properties. Property
valuation skills were enhanced through practical experience. The ability to assess property
characteristics and market trends was refined. Accurate valuation reports were prepared based
on thorough analysis. Skills in determining market value and site value were developed. The
experience helped build confidence in property valuation. Practical skills were gained in
preparing comprehensive valuation reports. Property valuation skills were refined through
hands-on experience.
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Data Analysis
Market trends were analyzed to inform property valuation decisions. Comparable
projects were studied to gather relevant data. Data analysis helped identify key factors
influencing property value. Market data was assessed to determine trends and patterns. The
analysis enabled accurate determination of property market value. By analyzing market trends,
informed valuation decisions were made. Data analysis skills were applied to interpret market
data. Market insights were gained through thorough data analysis.

Regulatory Compliance
Regulatory compliance was ensured with BDA, BBMP, and Kaveri guidelines. Property
valuations adhered to local regulations and laws. Compliance with guidelines maintained the
integrity of the valuation process. BDA and BBMP regulations provided a framework for
accurate valuations. Kaveri guidelines were followed for obtaining Government Rates.
Ensuring regulatory compliance was essential for reliable results. The valuation process
followed established standards and guidelines. By complying with regulations, valuations were
conducted with confidence. Regulatory adherence supported the accuracy of valuation reports.
Compliance with guidelines ensured consistency in valuation practices.

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CHAPTER 6
CONCLUSION

As an intern in retail valuation, I gained a comprehensive understanding of property and

its multifaceted aspects. I learned that property value is derived from a combination of legal,
financial, and economic perspectives. The development potential of a property is determined
by factors such as FSI, Built-Up Area (BUA), Ground Coverage, and permissible usage. I also
gained insight into the governing authorities in Bangalore, including BDA and BBMP, and the
regulations they set out for property development. Understanding the Bangalore Master Plan
helped me appreciate the city's urban planning framework and its impact on property values.
The Kaveri guidelines provided a framework for determining property values, and I learned
how to apply these guidelines in practice. I realized that external factors such as demand and
supply significantly impact the economic value of an asset, and that property valuation
involves maximizing its potential. This experience revealed that property valuation is an
extension of civil engineering, requiring a deep understanding of construction, planning, and
development. I discovered the vast scope for civil engineers in property valuation, including
roles in assessing property values, determining development potential, and ensuring regulatory
compliance.

My learning experience has been enriching, and I am confident that the skills and
knowledge I gained will benefit my future endeavors. I look forward to applying my
understanding of property valuation, BDA and BBMP regulations, and Kaveri guidelines in
my career. The Bangalore Master Plan and property valuation principles will guide my
approach to urban development and property assessment. With this experience, I am well-
equipped to navigate the complexities of property valuation and contribute to the field. I am
excited to explore the vast opportunities in property valuation and urban development,
applying my skills and knowledge to drive growth and innovation. The internship has been a

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valuable stepping stone in my career, and I am eager to build upon the foundation I have
established.

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REFERENCES

1. BDA Master plan - https://data.opencity.in/dataset/bda-revised-master-plan-2015

2. Zoning regulations - https://data.opencity.in/dataset/bda-revised-master-plan-
2015/resource/bda-zoning-regulations-of-revised-master-plan-2015
3. BMRDA Master plans – https://data.opencity.in/dataset/bmrda-revised-structure-
plan-2031-draft-report
4. Kaveri Guidelines value -
https://igr.karnataka.gov.in/page/Revised+Guidelines+Value/en
5. Google Maps
6. Secondary research – common floor, 99acres, quikr, magicbricks, housing.com

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FINANCERS
 ICICI Home Finance
 Arcil

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 IndusInd
 LNT
 ABHF ( Aditya Birla Home Finance)
 SMFG

ICICI FORMAT

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