The world real estate market has been very active for the past few years and is expected to be active in the foreseeable future. The high level of activity in the real estate sector has allowed many investors to realize very attractive returns on their real estate investments. However, investors should use caution when venturing into these real estate deals, particularly from the potential implications associated with the environmental regulations pertaining to the real estate.
Simply stated, in order to protect the human and environmental health, governments around the world have established through their Ministries of Environment regulations that limit the amounts of controlled chemicals and substances in soil and groundwater that may adversely impact the human and ecological health. If amounts of these regulated substances discovered on a property exceed the maximum allowed under the Regulations, the real estate property will be declared contaminated and events are set in motion to clean the property that may cost the owner of the property a great deal of time, effort and money. In some cases these events may include long and expensive legal battles, and clean-up costs may exceed several millions of dollars over several years. During this time, the property is probably not sellable or useable with a significant loss in potential income.
DoctorAujla Corp. utilizes several site investigative tools and investigations in order to determine the environmental status of the real estate property and may include one or more of the following.
- Stage I Preliminary Site Investigation
- Stage II Preliminary Site Investigation
- Detailed Site Investigation (DSI)
- Site Characterisation
- Soil and Groundwater Sampling
- Waste Reduction Assessments
- Monitoring Well Installations
- Facility Decommissioning
- Regulatory Compliance
- Environmental Impact Assessment (EIA)
- Environmental Risk Assessment (ERA)