Formulaic Engineers: Tactical & Strategic Valuation Solutions

Suneet Tyagi , DirectorAs a rule of thumb, the benefit of investing in real estate is realized over a long period of time, which makes it important for buyers to get a realistic estimation of the property’s value. Therefore, a buyer’s decision is greatly influenced by the property’s estimated value, taking into consideration various factors such as economic & social trends, governmental controls or regulations, and environmental conditions, among others. “Accurate and reliable valuations are critical for the success of every Real Estate Investment,” expounds Suneet Tyagi, Director, Formulaic Engineers, a Lucknow-based Valuation & Advisory specialist. The firm’s Valuation & Advisory Division (VAD) has been at the forefront of providing specialized and professional valuation services customized to the needs of private and public sector clients. Strategically spread across UP, Uttarakhand and Gujarat, the company’s diverse office locations enable the company to cater to a wide array of clients PAN India.

Functioning with the guiding principle of providing clients with tactical & strategic solutions, and making their holdings more productive & economically efficient, Formulaic Engineers’ wide roster of services also includes advisory, project management consultancy, land identification, construction schedule monitoring, and appraisals. Rendered by a superlative team of engineers, management professionals and financial experts with experience and knowledge, the firm ensures high-quality management and consultancy services that produce superior value for customers.

Specialized Real Estate Services
Founded in 2015, Formulaic Engineers fully understands the gravity of specialized valuation services in assessing the impact of real estate on financial decisions, in addition to fulfilling statutory requirements. Armed with a team that consists of senior and registered valuers, the company renders valuation and advisory services across a wide array of real estate asset types, including vacant land parcels, land & built-up premises zoned for residential, commercial, hospitality, retail & entertainment, mixed use, and others. Additionally, the company also deals in development projects such as industrial estates, residential townships, integrated townships, IT/science/ biotech parks, apparel parks and special economic zones, other than special use product such as golf resorts and health spas.
Formulaic Engineers counts names such as Aditya Birla Housing Finance, Bajaj Housing Finance, Hinduja Housing Finance, HDFC, ICICI Bank, Kotak Mahindra Finance, L&T Housing Finance and LIC Housing Finance, among others, as its clients. Ensuring complete confidentiality to all clients and abiding by a strict code of professional practice, ethics and rules of conduct, the valuations undertaken by the company are largely accepted by India’s major financial institutions.

The platform enables us to manage communications, assignments and performance throughout our organization

Project Management & Inspection
Formulaic Engineers has also carved a niche as one of the foremost providers of project management services such as project profiles, feasibility studies, and detailed project reports. In addition to that, the firm specializes in rendering financial appraisals, basic and detailed engineering, PERT - CPM, contract management, drawings & documentations, and suggestion on innovative & cost effective services. Formulaic Engineers also conducts inspection during erection, coating, checking of raw materials and finished products to meet manufacturer’s specifications, plant/machinery inspections, household good inspections, real estate inspections, container inspections, and project inspections, among others. The Formulaic Engineers team is adequately equipped with necessary infrastructure and manpower to render effective risk inspection services for industries, plants, tools & machineries for fire, machine breakdowns, safety audits and more.

Client Connect through Inhouse Platform
Undertaking a client centric approach, Formulaic Engineers first seeks to understand the goals and aspirations of its clients and then develops a strategic vision and operating plan. Keeping a tech foot forward, the firm has put together a technology platform that combines internally developed tools and external partnerships in order to bring clients together. “The platform enables us to manage communications, assignments and performance throughout our organization. Clients can access an increasing array of services through our e-platform,” explains Suneet. Other than helping manage communications, assignments and performance throughout the organization, the platform also enables clients to share files, general information and communicate changes to plants & projects.

Having imbibed integrity, teamwork and the pursuit of excellence in its very DNA, Formulaic Engineers counts these core values as the foundation of its long term client relationships. These values tie the company’s professionals to the firm and in-turn their performance ties the clients to the firm, and form the basis of the company’s reputation. Standing tall in the industry by rendering best practices, systems, technology and services, Formulaic Engineers has become synonymous with the punchline 'delivering beyond expectation', always.

Key Management:
Suneet Tyagi, Director
A trained property valuer, Suneet brings to the table two decades of experience in the real estate and engineering industry. Leveraging his MIM and PGBDM degrees, Suneet has been the guiding light at Formulaic Engineers, leading the firm to gain a formidable stature in the real estate evaluation industry.

Offices:Lucknow, Ahmedabad, Hyderabad, Kanpur, Agra, Bareilley, Merut, & Dehradun

Offerings:Real Estate Valuation, Project Management Consultancy, Project Inspection, Industrial Inspection/Risk Inspection, and Strategic Consultancy