Press briefing of Cabinet Decision taken on 2017-06-13

Establishment of the Institute of Real Estate and Valuation

- The Institute of Real Estate and Valuation (IREV) has been established in the year 2001 with the objective of fostering professionalism in real estate with specific focus on management, marketing, development, investment and valuation and it has been registered under the Companies Act. Therefore, the proposal made by Hon. Patali Champika Ranawaka, the Minister of Megapolis and Western Development to establish the Institute by a Parliamentary Act in order to carry out its objectives in a more effective manner, was approved by the Cabinet.