DEVELOPMENT PROCESS

STEP 6: DEVELOPMENT AGREEMENT AND REZONING APPROVED, SUBDIVISION INTO BUILDING LOTS COMPLETED

At this final stage, Rezoning is approved permitting land usage in accordance with the Master Plan and the land is subdivided into individual building plots. At this point separate deeds can be granted for every building plot permitting the sale of individual building plots to retail buyers.

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.