Do you have a field that is just waiting to be turned into an opportunity? We help you

The term land development has taken shape on the real estate market in Romania, and one thing is certain: an unevaluated and unstudied plot of land is worth much less than a plot that has a PUZ and on which various constructions have been authorized. The economic development of the country in recent years has led to an increase in the interest of real estate investors in expanding various types of real estate projects. What does land development mean? The 1-1 translation would be the development of the field. Increasing its value and the opportunities that can be generated by it. In order to better understand this complex process, it must be dissected and analyzed in stages.

Land development (land rehabilitation to increase its value on the real estate market) is the process by which it is evaluated, planned (both technically and financially) and authorizes the optimal direction of development of a plot. This optimization must be carried out in accordance with the hundreds of restrictions and regulations imposed by local and national authorities.

We can divide the process into 3 general stages, namely: pre-development, construction and post-development. Pre-development is the stage of planning and organization, construction is the actual, physical development of the property, and post-development may involve managing the property or reselling it.

The optimal development of the land implies the verification of the fact that the project conceived by you is in accordance with the hundreds of restrictions and regulations imposed by the local and national authorities. The abandonment of such a project can exist as long as all the complications that could occur have not been taken into account, from legal, administrative problems, to erroneous financial calculations, etc.

In this sense, a specialized company that knows the real estate dynamics in the area, understands the chronological order of the procedures to be implemented, knows the legislation in these situations, greatly facilitates the whole process and automatically reduces the dropout rate.

Do you have a field that is just waiting to be analyzed and developed? Contact us! We can't wait to do business together.