Significance of Construction and Real Estate Law Firms

With increasing population and development, the need for housing and other construction projects have also increased rapidly. The sudden increase in construction and real estate projects led to many problems. Lot of problems in housing sector and economy has resulted in cancellation and abandonment of number of construction projects. The issues related to construction and real estate gave rise to Construction and Real Estate Law Firms. In recent times, the need for such firms has largely increased.

Large amount of capital is involved in a single construction or real estate project. Huge amount of money and time is invested in such projects. Apart from money, it involves large number of contracts and lot of people such as work force, suppliers, contractors, tenants, sellers, purchases, developers and many more. It requires coordination and good working relations between owners/developers, contractors/sub-contractors, designers. Therefore, any dispute, delay or mistake of such projects can result into heavy losses. Any dispute associated with money or defect in design can stop the project and cause heavy losses.

But what do these Construction and Real Estate Law Firms do? They litigate construction or real estate related matters before court and arbitration body. Whether the matter is civil, labor-related or contractual, these firms provide assistance and show you the right way to deal with them.

The involvement of so many people and the complexities of related contracts or paper work give these firms significance and a purpose to resolve such complexities or issues. These firms act as a representative for developers, buyers, sellers, tenants, contractors, public and private owners.

The professionals working with these firms have great experience in this field. They have vast knowledge of Construction Law and Real Estate Law. They are experts in handling the disputes expertly.

Some of the area of expertise of these firms includes:

• Non-performance of agreements by contractors/sub-contractors
• Technology supply and license agreements
• False claims act violations
• Statutory liabilities under Occupational Health and Safety act and Workplace Safety and Insurance Act
• Damages – actual, impact and liquidated
• Termination of the contract related to construction project
• Breach of real estate agreements like breach of lease contract, breach of license
• Buy and sell of residential and commercial property
• Ground leases
• Joint ventures
• Municipal and development law
• Commercial leasing and arbitration
• Land title and land ownership Issues
• Breach of property purchase agreements
• Liability of agents or brokers
• Mortgage and bank financing
• Defective implementation of the design of a construction project
• Delays in the completion of a construction of the project