Development

From concept to handover: land analysis, permits, budget and execution.

Step-by-step process

01/

Land Asset Management

Search and Acquisition: Sourcing, valuation, expert assessment, and purchase of land plots.
Change of Land Use / Urban Planning: Work on re-zoning land or obtaining detailed development plans if required.
Parcel Division: Subdividing a single large plot into multiple smaller plots for villa construction.

02/

Due Diligence

Legal Due Diligence:

Property Registry Check: Verification of ownership and any liens or encumbrances (mortgages, seizures).
Urban Planning Status: Verification of applicable building regulations with the local municipality (land designation, buildable area coefficient, maximum height).
Urban Development Levies: Check for any outstanding municipal debts related to infrastructure (roads, lighting).

Technical & Construction Due Diligence:

Geotechnical & Topographic Survey: Analysis of soil composition and topography (impacting foundation costs) and flood risk assessment.
Condition of Existing Structures (if applicable): Assessment of the state of existing buildings, identification of hidden defects.
Easements: Identification of any restrictions (e.g., underground utilities or neighbor’s right of way), also known as “red lines”.

03/

Design and Permits

Concept Design: Selection of architectural firms and development of initial sketches to evaluate the concept.
Basic Project: Preparation of project documentation for the permit application.
Major Building Permit: Obtaining the main construction permit (can take from 6 to 18 months depending on the region).
Construction Documentation: Detailed working drawings and specifications for the builders.

04/

Financing and Pre-sales

Business Plan: Profitability and return on investment (ROI) analysis.
Development Loan: Securing project financing from banks.
Off-Plan Sales: Launching sales based on the project design, which is often a prerequisite for bank loan approval.

05/

Construction and Supervision

Tender Process: Selection of the main contractor.
Technical Supervision: External oversight by the project architect and technical architect.
Project Management: Management of schedule, budget, and work quality.

06/

Handover and After-sales

Final Works Certificate: Document issued by the architects confirming that the building was constructed according to the approved project.
First Occupancy License: Permit from the town hall allowing occupancy.
Deed of New Construction: Notarization and registration of the completed construction in the Property Registry.