"Guide to real estate development" - Valuable help for investors to make investing easier

(Photo: Pixabay/Nattanan Kanchanaprat)

The guide is intended for future investors in the real estate sector, but also for those who are interested in the process and activities that lead to a successfully completed project. The aim of the authors was to demystify every phase of that challenging process - from making the investment decision, through construction and opening, to the moment when the building comes to life, points out Mia Zecevic, owner and general director of the Novaston platform.

- Our team with expert knowledge of the real estate market in Serbia and the region and more than 15 years of experience in the realization and management of hundreds of thousands of square meters participated in the creation of this guide. The guide is designed to help foreign and domestic investors, whether they are investment funds, institutional investors and other legal entities, with the aim of providing basic guidelines and a comprehensive overview of the processes and requirements that must be met for the realization of an investment in real estate, with certainty to make it cost-effective. This was an opportunity for our experts with many years of domestic and international experience to present in one place part of the services provided by our platform - Mia Zecevic pointed out.

A unique publication that is useful to all players in the real estate market

Ognjen Colic, a partner in the law firm Gecic Law, points out that the real estate market here has been very interesting for some time.

- The expert team of real estate law specialists of the law office Gecić Law saw that there is a need to provide potential investors, as well as other interested parties in this market, with a simple insight into the often complicated legal aspects of the demanding undertaking that is the development of a commercial real estate. I am glad that, in cooperation with the Novaston platform, we have the opportunity to present a truly unique publication that fully meets the set goals and that will be of practical use to all actors in this dynamic market - Ognjen Colic emphasizes.

The authors of the guide point out that every investor must take into account a whole series of steps such as assessing needs and opportunities, planning time and costs, with mandatory planning, design, definition and implementation of a sustainability plan.

Marija Urban, director of the business planning and financial operations management sector at Novaston Asset Management, says that choosing the right partners in investment campaigns on the real estate market is of crucial importance for the profitability of any type of investment. According to her, the success of the team is reflected in the skill and knowledge of reviving projects, improving and maintaining them with the aim of maximizing benefits for all parties - from the investor, his partners, suppliers, to the real estate users themselves.

Milos Petakovic, senior associate and representative of the expert team of the Gecić Law law office, who prepared the legal part of the guide, emphasizes that the construction industry and the real estate market represent a significant part of our economy and are the driving force behind its development.

- This market experienced great growth in the previous period and it is important that it continues. With this guide, among other things, we wanted to encourage investors to invest in real estate, showing that, although this process is really demanding, it is not as difficult as it may seem at first - says Petakovic.

The online version of the "Real Estate Development Guide" will be available to all who are interested on the websites www.novaston.com and www.geciclaw.com.