Ensure that the intended use of the property complies with local zoning and land use regulations. Seek zoning variances or special permits if necessary.
Acquire the land or existing properties needed for the development through purchase or lease agreements. Conduct due diligence to verify property ownership, title, and any existing legal encumbrances.
Assess the viability of a real estate project by considering factors such as market demand, location, zoning regulations, environmental impact, and financial feasibility. Determine if the project aligns with market trends and meets the needs of potential buyers or tenants.
Collaborate with architects, engineers, and urban planners to create a site plan, building designs, and infrastructure layouts. Develop blueprints and renderings for regulatory approval and marketing.
Secure financing for the project through a combination of equity, loans, grants, or partnerships. Create a capital structure that balances debt and equity to fund development costs.
Obtain the necessary permits and approvals from local government authorities, including building permits, environmental clearances, and utility connections.
Develop a marketing strategy to attract buyers or tenants. Launch sales or leasing efforts to fill the developed properties.
Once completed, manage and maintain the property, including facilities management, security, and tenant services. Collect rent and ensure the property's ongoing financial viability.
Evaluate options for asset disposition, such as selling the property, refinancing, or holding it as a long-term investment. Optimize returns on investment through strategic exit strategies.