Site Selection and Acquisition
Groeast helps you to find the best Industrial site and helps you acquire the land in most efficient and compliant way.
Site selection for manufacturing involves choosing the specific industrial plot within a broader location that best meets a company’s operational, financial, and strategic needs. While location analysis assesses general regions, site selection drills down to individual plots, focusing on detailed characteristics that support factory success.
Key Factors in Site Selection
- Plot Size and Configuration: Ensure the land matches facility layout, expansion plans, and workflow requirements.
- Infrastructure and Utilities: Reliable access to electricity, water, sewage, internet, and waste disposal is crucial for daily operation.
- Zoning and Regulatory Compliance: The site must be legally permitted for industrial use, with full regulatory compliance including environmental approvals.
- Accessibility: Evaluate roads, ports, and rail connections for raw material delivery and product shipment.
- Soil and Environmental Conditions: Assess ground stability, flood risk, pollution, and remediation needs for construction and safety.
- Cost and Lease Terms: Compare purchase price, lease rates, taxes, and any hidden fees to ensure favorable economics.
- Security and Risk Factors: Review site-specific risks such as potential for natural disasters, proximity to hazardous areas, and physical security.
- Private or Government land: Both comes with pros and cons and needs to be thoroughly checked.
- Lease a building or build from scratch: Depending on the objective and size and scale of operation it should be carefully evaluated.