In-Dept Understanding of Belting Method for Valuation of Immovable Properties
1. What is Belting Method? It is a method of computing the value of an Immovable Asset that follows certain rules. 2. About Guidelines of Belting Method The guidelines are not specified with clarity in the literature. Certain guidelines which define the method is not enough for the understanding of the process. Using the liberty of justify the process, we may follow the process as below In this blog, I shall discuss these aspects and try to provide some clarity. 1. We should this method when we have a plot with a large L/B ratio. This is vague information. Let's clarify. If the L/B ratio | [1, 2.5] we can use Belting up to 2 levels If L/B ratio | [2.5, 4.5] we can use Belting up to 3 levels If L/B ratio | [4.5, 8.125] we can use Belting up to 4 levels and so on.... But, wait, what is the logic behind these intervals? L/B ratio is always > 1 A standard aspect of L/B ratio limits to 1.5x. And so, in general, 1.5x is the factor that we use in the Belting method Now, with this basi...