Fuzzy land property/Relation with the public authorities

1. starting point: The project of our Customer was to raise a residential park for over 800 houses on a land of more than 27 000 square meters. This implies the approval of the neighbors. The degree of emergency was high considering the importance of the financial cost generated by the investment.
2. difficulty: establishing a clear and binding picture of the property of the neighboring lands was a challenge considering that these were sometimes poorly documented.
3. action: We cleared the situation with the help of experienced land registers specialists. Then we identified, contacted and negotiated with each owner to obtain the approvals required. The full assignment was closed in less than a six months time.
4. result: Based on a solid file, we got a green light from the public authorities. The construction could start in a short notice thus reducing very significant financial expenses and bringing the project back to profitability. This is now the largest residential park in Oradea.