1. Location and Accessibility

Even within the same neighborhood, subtle differences in location can impact property values. Factors include:​

• Proximity to Amenities: Properties closer to schools, hospitals, shopping centers, and public transportation often command higher prices due to increased convenience
• Accessibility: Ease of access to main roads or highways can enhance a property’s appeal, especially for commercial use.​
  
• Environmental Factors: Properties with better views, more sunlight, or those situated away from noisy areas like busy roads or industrial zones may have higher values.​
  

2. Property Features and Condition

The specific characteristics and condition of a property play a crucial role in its valuation:​

• Size and Layout: Larger plots or buildings with efficient layouts can be more valuable.​
  
• Age and Maintenance: Newer properties or those that are well-maintained typically have higher market values.​
  
• Legal Clearances: Properties with clear titles, approved plans, and no legal disputes are more attractive to buyers and investors.​
  

3. Market Dynamics and Future Potential

Market perceptions and future developments can influence property values 

• Supply and Demand: Areas with limited property availability but high demand see increased prices.​
  
• Planned Infrastructure Projects: Upcoming developments like new metro lines, highways, or commercial hubs can boost nearby property values in anticipation of improved connectivity and economic activity.​
  

Zoning Regulations: Changes in land use policies or zoning laws can affect property values, especially if a residential area is reclassified for commercial use.​