DEVELOPMENT PROCESS

STEP 1: CONDUCT EXTENSIVE RESEARCH TO FIND THE RIGHT PIECE OF LAND WITH DEVELOPMENT POTENTIAL

To establish the development potential of a piece of land, the first step is to check the zoning of the land and whether it can be developed. For example protected land could never be built on whilst land zoned for commercial use could not be used for residential and vice versa. This is the purpose of rezoning a piece of land.

Next due diligence and detailed studies need to be conducted of the local economy including population growth, migration, employment levels, trends and local legislation. Additionally, searches would be conducted to ensure the land was free of debts and claims. It is also important to check that there is direct access to the land.

The land development process explained:

STEP 1 | STEP 2 | STEP 3 | STEP 4 | STEP 5 | STEP 6

Note: It is important to stress that from Step 2 onwards, a positive response from the Local Authority is required to advance the project. If a negative response is received, the developer and his team will modify the Plans and represent them again in order to secure the desired positive response.