Due Diligence Comprehensive Real Estate Audit in Kyrgyzstan from 14 Days

I ordered a comprehensive service before selling a 17-acre plot of land. According to the results of the comprehensive audit, it was determined that building a 7-story residential building on the plot would be economically beneficial and is permitted by architectural and other regulations. A roadmap and action plan were prepared. Then I received a draft project with the technical and economic indicators of the future building and other important expert recommendations. All of this was compiled into a report that showed buyers the full potential, and I sold not just the land, but an investment project for 60% more than the initial valuation of $500,000 by realtors.

I decided not to take any risks and ordered an inspection before purchasing a building for business. It turned out that the water supply and sewage were connected to the city networks under a temporary agreement. Permanent connection required additional construction work, costing approximately $150,000. The real estate audit allowed me to reconsider the price and negotiate a discount with the seller. This is how a novice real estate investor saved money thanks to Decide Consult!

To start a restaurant business, I studied the city of Bishkek and found a local entrepreneur with a plot of land in the city center. We signed an agreement, and I was ready to invest $240,000 in construction. However, upon learning that the property had a green book, I ordered a comprehensive due diligence audit of the land from Decide Consult. They discovered that the plot was designated on public land for light construction, and after building, I wouldn't have been able to register the property with the State Register. Upon the lease expiration, the structure could be demolished without compensation. Thanks to the audit, I avoided losing funds.

I was purchasing commercial real estate. The amount was significant for me, so I turned to Decide Consult for an inspection. Before finalizing the deal, they discovered an ongoing lawsuit against the previous owner. While the property wasn't seized yet, it could become a subject of dispute in the future. I decided not to risk my money and withdrew from the purchase. Later, I found out that the property was indeed seized. Thanks to the company for helping me make the right decision and not lose money.

We turned to Decide Consult for help in obtaining permits to build a hotel and demolish our existing building. The company suggested conducting a comprehensive analysis before developing project documentation to avoid unnecessary expenses due to potential restrictions and legal risks. The results of the analysis were surprising: our staff had not kept track of documentation and property for several years while I was abroad. All our property rights and temporary land use rights had been terminated based on court decisions, as the history of the property was not clean. These decisions were not appealed and became final, nullifying all our documents. This made construction impossible. Thanks to Decide Consult, we did not waste time and money on project documentation for the hotel complex costing more than $60K. We will continue to address the issues.

We wanted to lease 1,000 square meters for an office in Bishkek. After finding a suitable space, we signed a memorandum of understanding with the owner. He spent about a year addressing issues to complete the building for a long-term lease agreement. Before signing the main lease agreement and making the payment, we ordered due diligence - a comprehensive audit of the property. Decide Consult conducted the audit, and the results revealed legal risks concerning the legalization of the building under construction and the securing of an additional plot for parking. The building was subject to demolition as an illegal construction. Expectations for the quick completion of repairs and occupancy became impossible. We lost an entire year due to a lack of knowledge of local laws and inexperience with real estate, but we saved funds and avoided legal disputes. Our head office abroad highly appreciated the results of the audit.