Residential

property
development
AS THE SITE IS NEAR SEZ AND NOT WITHIN THE SEZ
HENCE BUILDING A RESIDENTIAL PROJECT MAYBE
MORE PROFITABLE
Group 10 ,Section B
Payal Yadav (2013PGP274)
Rahul Dutt(2013PGP302)
Shashwat Singh(2013PGP369)
Sumit Verma(2013PGP410)
Development process
roadmap
Market Analysis and feasibility
A quick check with a local realtor to analyse demand for the type of
product to be developed. Capture information about market area,
economic trends, supply and demand indicators, market conditions,
and feasibility factors
Visualize market area from where potential customers can be
attracted based on demand factors such as employment levels,
population, income, family size, household characteristics, tastes and
preferences, transportation access, and whether the community is
growing or shrinking
Further analyse the current and future level of supply of housing in the
market area so as to assess estimated demand for the prospective
product
Estimation of high level project cost to be done so as to assess
development potential for the area
Pre-development marketing

Market analysis and feasibility
Environmental hazards
Surrounding uses
Site
conditions
Sector
Volatility
Location
Region
Market
Constructability
Response to market
Project
Design
Inflationary conditions
Contractor experience
Construction
Site selection
Upcoming SEZ nearby along with flurry of commercial ,residential and mall
developments make site selection an easy pic for investment into a real
estate project
Understand the law of the land and do a background check for the site to
see if no disputes associated with the site as such
Aesthetic qualities of a site are affected by the surrounding
environment and its proximity to schools, shopping and recreation
opportunities
Local government support in promoting this area as preferred destination is
also a plus while considering investment into this project

Site Acquisition
Once a site has been selected for development, a developer
must go about the process of acquiring it. Prior to actually
developing a site, it is important to hedge the risks involved by
knowing more about the site to ensure that the economic
expectations of a site are accurate. This should be done without
expending large amounts of funds and discretely so as not to "tip
your hand" to any potential competitors.

Step 4: Planning and
Engineering
Preliminary planning and approval
Final designing/planning (Include contractor in design)
Regulations check
Taxes
Final approval
Building permits
Estimate each cost category
Step 5: Financing
Large commercial loans
Debt issuance
Public stock offerings

Step 6: Construction
Construction is divided into the development of the land and
construction of the individual housing units. The development of the
land involves providing the infrastructure such as roads, drainage,
water, sewer, and other utilities. It may also include the provision of
amenities for the project such as swimming pools and tennis courts.
Once the land has been improved it is generally divided into
buildable lots or sites. These can then be sold to individuals or
builders, or can be retained by the developer.

Step 7: Marketing
Marketing must include the following functions: Review of market
analysis, sales forecasting (absorption), profit planning and
budgeting, marketing organization planning, and advertising and
merchandising.
The marketing strategy must be adaptable and flexible to changing
market conditions. As the tastes of consumers change, so too does
the success of many a project. The marketing strategy must
incorporate these changes and provide the developer with alternative
ways to deal with them.