The draft valuation standards for property has been prepared and the final guidelines will be ready by November, said S Sridhar, chairman and managing director of National Housing Bank.
?We have done it in a very professional manner. We are talking to a lot of valuers,? he said.
According to Sridhar, there are a lot of valuers as well as associations in the country today. ?They have different views and we are trying to take them all into account,? he said. ?We are also involving all major commercial banks,” he added.
NHB has also roped in the school of Planning and Architecture of Delhi for technical expertise. ?We are taking technical help from them as well as some international agencies,? he said. He was present at a banking conclave organised by FICCI.
The new body is also likely to appoint independent mortgage counsellors, who will be instrumental in educating and helping prospective home buyers. NHB, a regulator for 43 housing finance companies in India, will also train the mortgage counsellors.
?Now we are at a stage where draft valuation standards have been prepared. The final valuation standard will be ready in another three-four months,? Sridhar said.