It is always better to be a bit circumspect before deciding anything or before arriving at a conclusion. The look before you leap aspects not only protects the person from falling in a dangerous loop but also makes them aware beforehand about the dangers and concerns that might happen when particular things are done.

Here comes the role of due diligence service. Due diligence is the all round appraisal of a business undertaken by a prospective buyer by hiring professional due diligence services in India, especially to establish its assets and liabilities and evaluate its commercial potential.

Among many other due diligence services that include finance, tax, operational, HR, IT and many other, environment due diligence is one such a kind that is conducted by many organizations. Environment due diligence is a formal process that assesses real estate for potential risk of the contamination of the environment like soil, groundwater contamination.

This process is conducted when you are planning to buy industrial or commercial property for your business. This is because when acquiring a business, it is imperative that you need to protect yourself from any potential environment liability.

Here are environment due diligence checklist that the experienced due diligence services in India follow while conducting the process:

Environmental site assessment: You can get plethora of information about the property via Google, phone calls, references and site visits. However, to thoroughly assess your property it is advisable that you call a team of experts to complete a formal investigation. The professional due diligence experts will find out any potential liabilities or concerns that could affect the value of the property. The due diligence specialists will follow a series of steps in this process –
They will interview the current property stakeholders and adjacent business entities
Do Research and Analysis of the history of the property
Go through the public records
If required will visit the site
After conducting the above analysis the due diligence experts will prepare the report with which you will be aware of whether the site has any harmful substances or recognized environmental conditions so that you can decide whether to move ahead with the transaction or not.

Environmental compliance review: The leading due diligence services in India conducts an environmental compliance review to find out about the potential environmental compliance risk in the transaction. This will help you determine things –whether the current owner has all appropriate permits in place, are there any outstanding fines or violations attached to the property and more.
Next step environment site assessment: If the due diligence experts determine that there is contamination in the property; then next step is to discover the type and extent of the contamination. The results of this review will help you in making an informed decisions
Soil remediation: If the analysis reveals soil contamination beyond the permissible limits, then it is imperative that your remediate the land to restore the health of the property. Due diligence experts recommends the kind of soil remediation based on the results of your soil testing and the kind of contamination you will be dealing in.
Ground water remediation and contamination: It is not possible to remove full contamination from the ground water. The due diligence experts will refer you to a ground water hydrologist, who will work with you to ensure that contamination will not travel any further. They may suggest things like replacing or removing underground storage tanks, redesigning existing storm water management units etc.
Once your soil and ground water remediation activities are done with and contamination mitigation are in place, your environmental liability risk is reduced and you will be one step closure to carrying out with your business further.