Nomenclature of these courses are chaged to M.Sc.(Real Estate Valuation) & M.Sc.(Plant & Machinery Valuation) from Academic Year 2016-17 as per the UGC norms.
Master of Valuation (Real Estate) / M.Sc.(Real Estate Valuation) and Master of Valuation (Plant & Machinery) / M.Sc.(Plant & Machinery Valuation) are the two unique interdisciplinary courses run by ISTAR. The courses are affiliated to Sardar Patel University.
These courses are affiliated to Charutar Vidyamandal (CVM) University from Academic Year 2020-21 as ISTAR is now the constituent college of CVM University, Vallabh Vidyanagar, Gujarat.
These courses were first started by Charutar Vidya Mandal at BVM Engineering College, Vallabh Vidyanagar in the year 1994. Master of Valuation (Real Estate) was the first course of its kind in India and master of Valuation (Plant & Machinery) was first course of its kind in the whole world. The courses were designed by the senior professionals in the field of valuation, after extensive study and research of the valuation courses world wide. Some of the key persons instrumental in starting these courses were Mr. Kirit P. Budhbhatti (ex-Hon. Advisor), Mr. D.N. Banerjee (ex-Chairman, Central Valuation Board, Kolkatta, West Bengal) and Mr. R. K. Gandhi (practicing valuer, Mumbai).Some eminent valuers from Kolkata, Mumbai and Surat were also part of the same team.
As Charutar Vidya Mandal established ISTAR to bring post graduate programmes of Science, Engineering and Interdisciplinary under one umbrella, these valuation courses were shifted to ISTAR in the year 1999.
Master of Valuation (Real Estate) - first and only course of its kind in India
Master of Valuation (Plant & Machinery) – first and only course of its kind in the world
As per the recent report of the Indian Banks’ Association (IBA), only academically qualified valuers possessing Post Graduate Degree in Valuation shall be empanelled by banks from 1st January 2020.
Being a multi-disciplinary course, students from variety of fields and with wide filed experience join the course – glimpses of some of the students are mentioned below:
More than 20 years experience in construction industry
More than 15 years experience as a Civil Engineer and Real Estate Valuer
About 10 years experience as a Mechanical Engineer and Plant & Machinery Valuer
Electronics Engineer, shifted to valuation career and is working with a valuer’s firm
MBA, having own valuation firm at Delhi
Civil Engineer, working with a valuer’s firm
Architect from Mumbai, Master’s degree in Urban Planning from UK
About 10 years experience as a Plant & Machinery Valuer