Market analysis: Understand the supply and demand dynamics of the local real estate market to identify potential opportunities and target customer segments.
Innomantra Viewpoint - Building Moonshots : May-Jun 2024.pdf
What are the key factors in developing a land development commerce strategy
1. What are the key factors in developing a land
development commerce strategy?
1. Market analysis: Understand the supply and demand dynamics of the local real estate
market to identify potential opportunities and target customer segments.
2. Regulatory and zoning requirements: Familiarize with the local land use regulations
and zoning laws to ensure compliance and minimize potential delays or obstacles.
3. Financial feasibility: Conduct a cost-benefit analysis to evaluate the financial viability
of the proposed land development project, including cost of land, development,
construction, and potential return on investment.
4. Environmental and sustainability considerations: Assess the environmental impact of
the development and ensure compliance with sustainability standards and regulations.
5. Stakeholder engagement: Engage with stakeholders such as local communities,
government officials, and potential buyers to ensure alignment with their needs and
expectations.
6. Risk management: Identify and mitigate potential risks such as market fluctuations,
regulatory changes, and construction delays.
7. Project timeline: Develop a realistic project timeline that accounts for the various
stages of land development, including planning, approvals, construction, and sales.
8. Marketing and sales strategy: Create a comprehensive marketing and sales strategy to
effectively promote and sell the developed land, including branding, pricing strategy,
and sales channels.
2. 9. Infrastructure and amenities: Consider the infrastructure and amenities needed to
support the land development, such as utilities, transportation, and recreational
facilities.
10. Legal and contractual considerations: Seek legal counsel to draft and negotiate
contracts, zoning variances, and other legal documents to ensure a smooth and legally
compliant development process.
Photo by Andy Hermawan on Unsplash
