Our Services

Market value appraisal is the study which aims determining the cash sales and/or rental price in the market without any restrictive impact or pressure. Market Value is the conviction that the Appraisal Expert obtains as a result of evaluating the analysis results obtained using appropriate approaches such as “Reconstruction Cost Method”, “Peer Comparison Method”, “Income Capitalization Method” and “Project Development Method”.

 

Assets for which we provide appraisal services

  • Land - Field
  • Residences - Villa – Waterside Residences
  • Buildings
  • Trade Centres – Plaza – Commercial Buildings
  • Factory – Workshops and Production Plants
  • Storage Areas – Logistic Facilities
  • Fuel Stations – Filling Stations – Refineries
  • Shopping Centres
  • Hotels – Holiday Villages – Touristic Facilities
  • Congress – Exhibition Areas
  • Golf Ranges
  • Power Plants (Hydroelectric and Wind Power Stations)
  • Hospitals – Medical Facilities
  • Education Facilities
  • Harbours – Ports – Dockyards
  • Multipurpose Venues such as Cinema, Theatre
  • Time Share Properties
  • Ships – Yachts
  • Mines – Resources
  • Machinery and other Fixed Assets
  • Real Estate Rights and Benefits
  • Real Estate Project

In order to provide fast and quality service to customers, Collateral Appraisal and Corporate Appraisal departments are established within Lal Real Estate Appraisal INC. Different subdivisions were formed in these departments according to expertise areas.

Our Customers

With its experience in the sector, Lal Real Estate Appraisal INC. provides internationally accepted independent and objective reporting services to individuals, public institutions, domestic and foreign banks, domestic and foreign companies, real estate investment partnerships, real estate development companies, law offices, financial leasing companies, insurance and reinsurance companies, municipalities, independent audit companies, intermediary firms, foundations and especially companies which are subject to CMB legislation..

 

 

Activities we can carry out together

 

  • Real Estate Appraisal Report

  • Project Development

  • Best and Most Effective Use Analyses

  • Risk and Cost Analysis for Investments

  • Tender-Auction Base Value Analyses

  • Opinion Report

  • Rental Value Appraisal

  • Market Analyses

  • Assessment Report

  • Control and Feasibility Studies

  • Relic Appraisal

  • Hotel and Holiday Village Appraisal

  • Development Trends

  • Machinery/Equipment Appraisal

  • Evaluation projects for partnerships that are subjected to the regulations of the Capital Market Board

  • Evaluation services for the sharing/distribution of assets related to inheritanc

  • Projects of evaluation for mines and quarries

  • Agricultural Evaluation

  • Special estimation reports for lawyers

  • Estimation reports for severance of joint-tenancy cases

Services of Evaluation of Machinery and Equpiment:

Lal Real Estate Evaluation and Counseling Corporation prepares an evaluation report of the machinery equipment, transportation vehicles, auxiliary equipments of production-oriented facilities, whether these are actively functional or not, with its experienced team consisting of mechanical engineers, paying regard to the type, number, sort, technology, current situation, capacity, economical lifetime, productivity and other attributes of these equipments. .

Services offered in the area of Machinery and Equipment Pool:

  • Machinery and equipment evaluation for industrial installations
  • Machinery and equipment evaluation for factories and workshops
  • Evaluation of Ready-Mixed Concrete Plants
  • Evaluation of  the equipments of gas-stations
  • Evaluation of Breeding Farms and Dairy Plants
  • Evaluation of Hostelry equipments
  • Evaluation of Wind Energy Plants  
  • Evaluation of Hydroelectric Power Plants  
  • Evaluation of yachts and other boats

 

Our Consultancy Services

Most Effective and Most Efficient Use Analyses:

It is the physically possible, legally allowed, financially realizable and the most efficient use of the appraised real estate which provides the highest income.
The most effective and most efficient use of a property, is concluded after some criteria are applied and various alternatives are eliminated. The use which meets all of the criteria as a result of eliminations and provides the most economical benefit to its owner and/or user is determined as “the most effective and most efficient” use. However, “the most effective and most efficient” use of properties follows a dynamic trend. Sometimes, possible alternative uses of the property may give the same economic result. In that case, the preferences of the owner of the property is taken into consideration.

Analysis and Solution Alternatives for Present Real Estate:

It is providing alternative solutions in cases where the property cannot fulfil its best highest use function as a result of both physical and functional wearing which occurs in parallel with regional or sectorial developments in relation to a present real estate and economic out-datedness. In that respect, it can be concluded that cash flows to be created by anticipating cost items required for providing the best alternative to the real estate investor and the income items to be achieved as a result of this by means of conducting regional and sectorial supply-demand balance, competition, market research and SWOT analyses. In that case, preferences of the owner of the property are taken into consideration

Project Development Control and Feasibility Studies:

Investment depends on demand commercial profitability of which is adequate for the goods or services to be produced and that such goods and services are sold for a price which will enable to obtain the expected profit. Reviewing the project by the entrepreneur includes reviewing and evaluating the current status of the sector in which the product is offered and proactive expectations. Evaluation of the market in which the goods or services are offered can be reviewed in terms of current status and proactive expectations. By estimating the expenditures to be made in the case that the project is implemented, cost estimation is made regarding the total expenditures taking marketing policies and overall feasibility principles of the company into consideration. Then, income estimation is made for the project in the case that it is developed and assumptions are made during this estimation. Later, performance estimation is made for the project and net current value and the profit rate of the project is calculated on the basis of this performance estimation.

Urban Renewal Services:

Works of restructuration of badly structured, slummed, properties that are open to disasters and urban dangers, with insufficient infrastructure, that are located in inadequate, overly built-up places, in manner that is illegal and against construction rules; according to a new construction plan data, is called urban renewal.

Some of the services offered by Lal Real Estate Evaluation Company in the area of services of urban renewal are as follows:

  • The evaluation of right ownership and the preparation of essential data for real estate evaluation.
  • The determination of the best urban renewal model for the area in question with the preparation several models of transformation and the beginning of conciliation efforts between right owners.
  • The recording of all data and process in the necessary database, in a systematic manner.

 

 SERVICES OF URBAN RENEWAL

THE PROJECT OF URBAN RENEWAL FOR RISKY AREAS IN AKSARAY CITY


“The Work of service procurement for the Determination of Right Ownership and for the Appraisal of Real Estate values in the Region that is Located within the Neighborhood of Hürriyet, at the central district of Akçakent in the City of Aksaray”

THAT WAS ADJUDICATED WITH RESTRICTED PROCEDURES ACCORDING TO THE PARAGRAPH (b) OF THE CLAUSE 21 OF THE LAW NUMBER 4734

Has been accomplished by our company at the date of 24.07.2014, with the delivery of the service and administrative approval.


THE PROJECT OF URBAN RENEWAL FOR RISKY AREAS IN KARAMAN CITY

“The Work of service procurement for the Determination of Right Ownership and for the Appraisal of Real Estate values in the Region that is Located within the limits of the District-Town of Ermenek in the City of Karaman, that was declared to be a ‘Vulnerable Region’ with the Council of Ministers Decision number 2013/5105, within the scope of the Law number 6306

THAT WAS ADJUDİCATED WİTH RESTRİCTED PROCEDURES ACCORDİNG TO THE PARAGRAPH (b) OF THE CLAUSE 21 OF THE LAW NUMBER 4734

Has been accomplished by our company at the date of 05.02.2015, with the delivery of the service and administrative approval.


THE PROJECT OF URBAN RENEWAL FOR RISKY AREAS IN ESKİŞEHİR CITY

“The Work Concerning the Preparation of Fundamental Data Reports and Value Evaluation Reports that are Essential to the Determination of Right Ownerships and real Estate Appraisal and the Preparation of Urban Transformation Models that are Essential for the Process of Reconciliation with Right Owners” within the scope of the Eskişehir Project for the Areas that are Vulnerable to Risks,

THAT WAS ADJUDICATED WITH TENDERING PROCEDURE IN ACCORDANCE WITH THE LAW NUMBER 4734,

Has been obtained by our company with the administrative agreement dated to 04.11.2014.

The work concerning the determination of the right ownerships and the market value of the real estates, that belong to 6837 different owners that are located on a total of 1348 land plots, that stretch over an area of 56 hectares, that is located within the Area of the municipality of the city of Eskişehir, has been completed by our company with the delivery of service and administrative approval.

 
PROJECT OF URBAN RENEWAL AND TRANSFORMATION FOR

 GÜNDOĞDU-1, GÜNDOĞDU-2, GÜNDOĞDU-3

 IN ESKİŞEHİR MUNICIPALITY


The Project of Urban Renewal and Transformation Gündoğdu 1, Gündoğdu 2, Gündoğdu 3,

THAT WAS ADJUDICATED WITH TENDERING PROCEDURE IN ACCORDANCE WITH THE LAW NUMBER 4734

İs a project that concerns the area that has a dimension of 41.40 hectares, that is located within the borders of the city of Eskişehir, within the borders of the neighborhood of Gündoğdu. This project’s aim is to establish the value of the real estate properties that remain within the area of the Urban Renewal and Transformation Projects of Gündoğdu-1, Gündoğdu-2, Gündoğdu-3 and to prepare the urban renewal models that will be the basis of the reconciliation process with the right owners. This project takes place in accordance with the provision “…The Municipality, has the right, in order to realize its projects of urban renewal and transformation; to implement construction works, to establish the values of real estate properties that are located in areas were construction works are implemented and to redistribute these values to right owners or to implement practices that are based on revenue sharing…” in the article 73 of the Municipal Law number 5393. The agreement between the Municipality of Eskişehir and our company on this project has been signed on 08.02.2016. The project is currently in its final phase and should be finished during the first half of the year 2017.


THE PROJECT OF URBAN RENEWAL FOR RISKY AREAS IN GEREDE DISTRICT IN BOLU CITY


The Project Concerning Risk Areas of the District of Gerede,,

THAT WAS ADJUDICATED ACCORDING TO A CONSULTATION PROCEDURE IN ACCORDANCE WITH THE LAW NUMBER 4734,

Concerns the work of “Determination of Right Ownership, Real Estate Evaluation, Preparation of Geological and Geotechnical Study Reports that are Essential of the Preparation of New Construction Plans, Analysis of the Current Situation, Preparation of the Plan of Action, Preparation of the Urban Design Project, Performance of Construction Practices, Preparation of Land Plot based and Basic Study Reports, Performance of Architecture and Construction Practice Projects, Performance of the Transformation Model and the Reconciliation process, Performance of the Post-Practice Project Reconnaissance Surveys, Preparation of Quantity Survey and Construction Tender Files of the area of 11,75 Hectares that is located in the Neighborhood of Demirciler, in the District od Gerede of the City of Bolu” in accordance with the Council of Ministers Decision number 2014/6961 (dated to 27.10.2014) and the Council of Ministers Decision number 29181 (dated to 20.11.2014) that are related to “Areas of risk” that came into force by being published in the Official Gazette, both within the scope of the Law number 6306 called “The Law Concerning the Renewal and Transformation of the Areas that are Vulnerable to Disasters”. In the Adjudication that was agreed upon the 16.10.2015, it was decided that our company would take place in the works of Real Estate Appraisal, Establishment of Right Ownership and Mathematical Modeling that are related to this project, as a subordinate Consultancy Firm.

THE PROJECT OF URBAN RENEWAL FOR RISKY AREAS IN BURSA CITY

An Agreement was signed on the date of 10.02.2016, in order to begin the work on 6000 independent units, according to the Provision “…The Municipality, has the right, in order to realize its projects of urban renewal and transformation; to implement construction works, to establish the values of real estate properties that are located in areas were construction works are implemented and to redistribute these values to right owners or to implement practices that are based on revenue sharing…” in the article 73 of the Municipal Law number 5393, concerning an area of 50,10 hectares in total, located at the areas of Beyazit, 152 Evler (Area 1) and Yiğitler (Area 2), of which the limits are shown in the attached drawing, in the district of Yıldırım in the city of Bursa,

THAT WAS ADJUDICATED ACCORDING TOAN OPEN TENDER PROCEDURE AS STATED IN THE LAW NUMBER 4734.

 

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