Land /property/ development is a long process that involves the purchase of multiple plots of land, their consolidation, conducting administrative procedures for regulation, adoption of town planning plans, building plans, street plans and external utilities connections.
As a second step, it is often necessary to change the status of the land by paying the necessary fees, preparing plans for demolition of old buildings, etc. The usual duration of the processes described is from 2 to 5 years, and is related to the overcoming of many administrative and judicial procedures.
Land /property/ development has been a major focus on P.I.L. Capital Ltd. over the last 5 years, it is also a top priority in the future development of the company. The activity is mainly concentrated in Sofia, but it is also expected to expand to smaller towns.
In all the projects the company participates as the main investor.