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Seat No.: Enrolment No.:
GUJARAT TECHNOLOGICAL UNIVERSITY
BPLAN SEMESTER • EXAMINATION WINTER 2016
Subject Code: 1055501 Date:21/10/2016
Subject Name: Real Estate Planning and Management
Time:10:30 AM to 12:30 PM Total Marks: 50
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q.1 Answer following multiple choice questions: 06
Which of the following financial appraisal methods consider 'Time Value' of
money'?
Payback Period Net Present Value
Average Rate of Return None of the above
ii) The Real Estate (Regulation and Development) Act, 2016 shall enforce
developers to offer/sell residential properties on basis of
Built-up Area Carpet Area Rooms Area Super Built-up Area
iii) If the supply of land is inelastic, 'Economic Rent' would be
'Transfer Earnings'.
Lower than Higher than Equal to Half of
iv) When a property is owned by 2 or more persons jointly, it is called a

Co-ownership Duplicate Ownership
Concurrent Ownership Contingent Ownership
NPA refers to
Non Planned Assets Not Preferred Assets
Non Performing Assets Not Paid Assets
vi) Rents diminish outward from the centre of a city to offset
revenues and operating costs.
increasing, decreasing decreasing, increasing
increasing, increasing decreasing, decreasing
Fill in the blanks: 04
Present Value of a sum of Rs. 3,00,000 to be received after 3 years with
prevailing interest rate of shall be
ii) Future Value of a sum of Rs. 2,00,000 shall be after 5 years at
an interest rate of 12%.
iii) Pledging a property as security/guarantee against loan is referred as

iv) TDR refers to
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Q.2 Draw schematic map of an Indian city of your choice and present the emerging
areas with respect to real estate development. Also explain the characteristics
of development in these areas, and discuss the factors that influenced such
development.
06
Write a brief note on Freehold right and Leasehold right in a property. 04
OR
Explain the importance of rights/interests in a real estate property. Give
examples of different types of rights/interests for explanation.
04
Q.3 Discuss 'Each land parcel is heterogeneous'. 05
Write your perception on how the rise of Information and Communication
Technology has started affecting and may further affect real estate
development scenario in coming times.
05
OR
Q.3 Out of demand and supply forces, demand side is major determinant of
'pricing'.- Explain. Also discuss how changes in one of these forces affect the
other through changes in 'prices'.
05
Explain how public transit alters the real estate potential of certain areas, and
how planning of TOD shall be carried out to promote and integrate real estate
development with public transit.
05
Q.4
Write a note on ANY 2 of following.
Net Present Value 05
Real Estate Investment Trust. 05
Real Estate (Regulation and Development) Act, 2016 05
Easement Rights 05
Q.5 Write a note on Travel Cost and Housing Cost Trade-off theory explaining
selection of location for housing.
05
List and briefly explain planning measures that increases value of a real estate
property. Also list and briefly explain planning measures that decreases value
of a real estate property.
05
OR
Q.5 Explain how the Property (Real Estate) Investments are different than other
investment avenues.
05
Write a note on any Market Approach of Valuation of Real Estate properties. 05