Management Consultancy

Highest & Best Use Studies

Highest and Best Use Studies entail identifying the most appropriate land uses and product-mix for a real estate development that is legally permitted under the constraints of development controls and regulations applicable to that specific property, which leads to optimizing returns from investments in a real estate project while minimizing its risk profile. These studies are typically undertaken for medium to large-scale projects wherein multiple uses permitted for development at the subject property are evaluated in detail in context of the locational aspects of the subject property, potential demand for each developed product, and demand preferences, along with the potential approval and development costs for each development typology. Risk and sensitivity analyses are a critical component of this study, wherein potential variance in project returns on investment or project internal rate of returns are reviewed in context of drops or increases in the key critical input variables specific to the project when viewed in context of its competitive market and pricing limits.

Principals at KZen have rich and extensive experience in undertaking highest and best use studies, while adopting approaches and methods that are globally acceptable, which are used by various domestic and global financial institutions, both before and after placing debt and/or equity in the project, as this gives them a clear line of sight of the potential revenues, estimated costs, and potential returns from the project on an annual basis revealed through detailed discounted cash flow analyses.

Sustain

Specialists

Kapil Maheshwari

MFC NYU (Stern) IFQ

Director

IBBI Registered Valuer
(Securities/Financial Assets)

Sachin Gulaty

MRICS FIV FIIA

Director

IBBI Registered Valuer
(Land & Building)

R K Singal

IP CA LLB

Advisor

Corporate Governance, Tax, Audits

Mangesh Shinde

CEngg MIE

Director

IBBI Registered Valuer
(Plant & Machinery)

Anurag Munshi

MRICS UKGBC(Member)

Advisor

Sustainability, PropTech, Investment Management