Question

Instructions

Your task is to write a short paragraph (no more than 300 words) discussing the key characteristics of sites when you’re analyzing and selecting a location for a new store.

Answer 1

Key characteristics of sites when analyzing and selecting a location for a new store:

1) Site shall be easy to locate from the nearest highway or nearest regular traffic road.

2) Site shall provide adequate space for parking, along with other facilities such as urinels

3) Site shall be compliant with muncipal corporation's town planning norms

4) Site shall be able to be protected from natural and manmade calamities like floods etc., There shall be adequate availability of water at site location.

5) SIte that is being purchased shall have clean title of owner i.e. it shall not have any disputes pending over it. This aspect can be assured from advocate's search report.

6) It shall be also be checked whether site adheres to industrial development corporation's norms?

7) Site shall not be land which is specifically shown as agricultural land in government's policies i.e. land shall be a Non-Agricultural (NA) land.

8) The consideration paid to acquire the land shall not exceed the fair valuation of land. Fair valuation can be carried out with the help of independent registered valuer.

9) Purpose for which site is being considered shall be permissible over the site being acquired as per government policies.