A broker's non-binding opinion of the likely price or rent of a property
Date: 1 April 2026
To:
Gurpreet Singh Sandhu
House No. 1147, Sector 70, SAS Nagar (Mohali), Punjab 160071
From:
Rajinder Kumar Bansal, trading as Bansal Property Consultants
SCO 22, Phase 3B2, SAS Nagar (Mohali), Punjab 160059
Mobile: 98765 43210
Email: name@example.com
Real estate agent registration number: X
Subject: Property at House No. 1147, Sector 70, SAS Nagar (Mohali), Punjab 160071: my opinion of the price it may fetch on sale
Dear Sir / Madam,
A two-storey house on a plot of 250 square yards, four bedrooms, about ten years old, in good condition
2.1 In my opinion, the price it may fetch on sale is in the range of ₹80,00,000 (Rupees Eighty Lakh only) to ₹88,00,000 (Rupees Eighty Eight Lakh only).
2.2 For about 30 days from the date of this letter that range is a reasonable view of the local market. After that, ask me again.
Two houses of similar size in Sector 70 changed hands in the last six months at about Rs 80 lakh and Rs 86 lakh; this one has a larger lawn but needs repainting.
I visited the property on 5 October 2026.
I have no interest in the property other than the brokerage I may earn if I am engaged.
My interest: X
6.1 This is the opinion of a property broker, given from what I know of the market. It is not a valuation by a registered valuer. It must not be used as one for a bank loan, for stamp duty, for tax, for a partition or for any court or government purpose.
6.2 Prices and rents change with demand, and a real buyer or tenant may pay more or less. I do not promise that the property will fetch a price or rent in this range.
6.3 I have not checked the title to the property, its papers, any loan on it or any dues. My opinion assumes that these are clear. You should have the title checked by an advocate before you sign any deal.
Yours faithfully,
_________________________
Rajinder Kumar Bansal
Date: 1 April 2026