In the 21st century, real estate has been growing very speedy. There is no one who can stop it by growing because in past year people have made the real estate to be grown.
I have thinking one day that why real estate development is so dependent on the commercial Real Estate rather than Commercial Real Estate. In commercial real estate, there are two types of categories, which are the responsible for the making, the sentence correct.
Real estate developers acquire some raw of the built property and then they started the work or alter them to complexes, shopping centers etc. In Commercial side, the future development may take place by second or third party. Some of the papers will be needed over there.
Entitlements are also a part of real estate development because by using this term, people obtain approvals for making on the selected land for a desired use.
Development of building
The developers acquire the land for making the building to establish a project at its final place. After then building May sold in one time or by in the parts by the investors for profit. Commercial real estate process will be changes projects to projects.
Selecting the Site
It refers to the location where it is situated, by determining the site’s value and this study of site is called feasibility of site.
Market research
The process where gather information, recording site location maps, analysis of project and many other things related to the project .
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