Estimated value of a property by a qualified person, who analyzes various features of the property and evaluates market trends for the purpose.
Value
The price a property is expected to fetch, if it is sold in a proper manner. Generally, based on the market price of similar properties.
Vastu Shastra
A traditional Indian architectural system that aims to harmonize the Five Elements - air, water, earth, fire and space - to build and design congenial living environments. It is similar to Feng Shui in concept but differs in its specifications.
Vendor
Property Seller or Broker
Vendor Statement
A statement by the vendor describing the particulars of the property offered for sale.
Vertical Slice Participation
A mechanism through which more than one person can have legal interests in the property and thus, share capital liabilities and income from the property in pre-determined percentages.
Villa
Detached sub-urban dwelling that usually refers to luxurious upper-class country homes.
