The investor and the developer can decide to participate in the complex residential development project only if the assessment of the investment value of such land plot shows its high economic attractiveness. As a methodological basis for calculating the investment value of a land plot for integrated residential development, it is proposed to use a revenue approach, and within it — the method of the proposed use of a land plot. The article suggests a technique for modeling the investment value of land plots for integrated residential development, which includes 12 stages. To implement this methodology at the level of corporate management of investors, developers and developers, and for the purposes of state municipal land management, an appropriate application algorithm has been proposed.

In case of legislative recognition of these novelties the process of cadastral estimation results contesting will become truly effective and professional institute in the system of real estate taxation.

Improved methodology of state cadastral valuation, absence of frequent revision of its results in the future – one of the key components of developing investment strategies in real estate and construction markets. Kirill Y.Kulakov, the first deputy general director of the Center for Property Independent Expertise, a member of the Council on evaluation activities at the Ministry of Economic Development of Russia, the MGSU professor, doctor of economic sciences, FRICS, in his interview with “ES” magazine told about these, as well as other large-scale legislative innovations in the sphere of assessment activities.

In his interview with the “ES” magazine Kirill Kulakov, the First Deputy General Director of “Center for Independent property expertise” (CIPE), doctor of economic sciences, MGSU professor told about the specific aspects of appraisal activities in Crimea. Special attention according to K. Kulakov should be paid to professional appraisers training system — it is necessary to develop new educational programs, “it’s requirement of time associated with legislation changes, with development of new methods, information technology”.

The situation formed in the National Council of valuation activities (NCVA), in fact, represents the split of valuation community.

If for one particular company 20 years — a huge period, for the whole industry it is rather the formation period with its inherent problems of growth and professional recognition.

No significant increase in quality of appraisal services after the introduction of the qualifying examination is expected.

In order not to make “valuation mirror” crooked during modernization of the economy, it is necessary at the same time to undertake modernization in evaluation.

There are a lot of problems, and now only appraisal community itself is capable and is entitled to solve them.