Before proceeding with development, however, there must be evidence that the project is possible or that market acceptance of the final product (single-family home, office, warehouse, etc.) is highly likely. This step is important, regardless of whether the land developer is a developer of the final product or not.
In other words, in the land development phase, the developer has to understand and understand the demand for the final product (or products in the case of mixed-use land development). For example, economic drivers may change land use for residential, industrial or commercial development such as office space in Bangalore.
In developing residential land, firms specializing in acquisition of raw land in suburban fringe areas and developing sites for single-family-separated units or locating sites for multiple uses such as single-family units, multifamily apartments and cluster housing are common. is.