Acquiring Land for Industrial Construction

Recent trends in the real estate market show that increasing numbers of manufacturers are looking to invest in the construction of new production plants throughout Russia. It is essential that the whole development process should be well planned and professionally executed. The following points are especially important to consider. Sufficient land plots for industrial construction may be difficult to find in the vicinity of city centers and available transport routes. According to zoning regulations, developers can either build production plants on land that is designated for industrial purposes or obtain a permit to use agricultural land. However, the transfer from the agricultural to industrial category may take up to one year. It is forbidden to start construction on agricultural land regardless of any rights to ownership or unofficial permits. The developer must familiarize himself with the development plan of the area where the land plot is located in order to confirm that no urban development is planned. Legal due diligence of the site is absolutely necessary to verify the land title, especially in light of privatization issues. During construction, the investor typically has the right to only a short-term lease (1-3-5 years); however, after the title to the property is officially registered, then the investor may sign a long-term lease (for a maximum of 49 years).

Дата добавления: 2015-07-25