Due diligence

Checking a developer in Georgia: the checklist before your deposit

With an off-plan purchase, you pay before ownership exists. That makes checking the developer the most important risk decision — more important than the floor plan or the view.

This checklist follows the order in which we review projects ourselves: track record, permits, contract, payment channels.

Key takeaways

  • Visit at least two completed projects from the same developer.
  • Check the building permit and approved floor count against the sales plan.
  • The contract must cover delay, area tolerance and cancellation.
  • Pay only the company named in the contract, never a private individual.

1. Track record

Completion history is the most reliable indicator. Marketing material says little; finished buildings say a lot.

  • Which projects were delivered, when planned versus when actually delivered?
  • Quality at handover: defects, remediation, response time.
  • Is the same legal entity behind these projects?

2. Permits

The building permit determines what may legally be built. A mismatch between the permit and the sales plan is a deal-breaker.

  • Land registry extract: owner and encumbrances.
  • Check the approved floor count against the floor being sold.
  • Usage type: residential or aparthotel — this affects letting and tax treatment.

3. Contract

Negotiate the risk clauses, not just the price.

  • A binding completion date plus a tolerance period.
  • Compensation or a right to cancel in case of delay.
  • Area tolerance and compensation for deviation.
  • The fit-out scope attached as a contract annex.

Risks

Warning signs include: a large deposit with no construction progress, payments to third parties, missing permit documentation, no completed projects, and pressure to sign immediately.

Frequently asked questions

How do I recognise a reliable developer in Georgia?

By multiple projects delivered on time, verifiable permits, clean contract terms covering delay, and payments made exclusively to the contracting company.

How large should the deposit be?

20–30% is standard in the market. Significantly higher deposits with no visible construction progress raise your risk and should be justified and secured contractually.

Does Livo Property check projects itself?

Yes. We visit projects on site, cross-check permits against the sales plan, and work with independent law firms for legal due diligence. The final decision remains yours.

Due diligence steps reflect our own practice, as of 21 Sep 2026; they don't replace legal advice. · As of: 2026-09-21

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