Construction & Real Estate
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The economic downturn had a severe effect on the real estate development sector in middle-east, with many projects now either canceled altogether. After a difficult three years, the real estate industry is showing good come back but with a very different focus of attention. Off-plan investment activity is currently non-existent. Investors’ concentration has instead turned to newly completed projects, particularly those of a high quality in the right location with high tenant demand.
We advise on general commercial property transactions, property dispute resolution, strata and mixed use schemes, hospitality development and asset management, real estate development, property funds, legislative drafting, and drafting and negotiating agreements to lease, leases, tenancy contracts and licenses to occupy for residential, commercial, industrial and retail property. The breadth and depth of our experience enables us to assist with all aspects of real estate legal practice across the Middle East.
The Indian construction and real estate industry is playing an important role in the nations progress towards achieving the status of developed nation from a developing nation.
However, there is a consensus that infrastructure inadequacies would constitute a significant constraint in realizing our growth potential.
An ambitious program of infrastructure investment has therefore been evolved for strengthening and consolidating recent infrastructure and real estate related initiatives. To supplement the estimates of Gross Capital Formation in infrastructure, the Planning Commission has made projections of public-private investments in each sector, basing these on a detailed review of sectoral trends and projected expenditures.
Our Major Project
MOTEL 7 DAYS
Motel MOTEL 7 DAYS The property provides a 24-hour front desk and room service for guests. All guest rooms in the motel are equipped with a flat-screen TV. At MOTEL 7 DAYS all rooms are equipped with air conditioning and a private bathroom. Guests at the accommodation can enjoy a vegetarian breakfast.
Property pricings are relatively low, whilst occupancy rates are much higher in such projects. In addition, sales and lease-back transactions and constructions assets management have been prevalent over the last 12 months, as developers and owners search out to release much-needed capital. Large institutional investors and sovereign wealth funds are active in acquisitions, but we have also seen an increased level of interest in establishing real estate funds to enable collective investment schemes to maximize current investment opportunities. Elsewhere in the Middle East, new development activity is being seen in Saudi Arabia and Iraq, where there is an immediate and growing need for affordable housing for the indigenous population. Overseas Link International is involved in real estate projects in all middle-east as well as other countries, acting on behalf of master developers of significant new real estate communities. We act for public and private master developers, land departments and municipalities, investors, financial institutions and landlords and tenants and provide our clients with advice from a group of lawyers with an exceptional mix of western and regional qualifications, contentious and non-contentious experience and bi-lingual capability.