Real estate appraisal and valuation is a key process required for a variety of purposes like financing, sales listing, investment analysis, property insurance, and taxation. Several factors influence the valuation of real estate properties. These factors can be broadly categorized into two groups: macroeconomic factors and property-specific factors. Macroeconomic factors are general economic factors which account for systemic risk in the valuation process whereas property-specific factors cover the unsystematic risks (risks that affect a specific property).

India's real estate market is experiencing significant growth, expected to reach a US$ 1 trillion market size by 2030, contributing 13% to the GDP by 2025. The sector is driven by high demand for residential, commercial, and luxury properties, with rapid urbanization and strong investor confidence. Property prices are anticipated to grow by 5-10% in the short term, with 2025 seeing high demand in premium residential sectors.