Development – the implementation of transformations of the real estate object, which ensure its transformation into another, a new object, which has a value greater than the value of the original object.

The material and material transformations performed include:

– carrying out construction or other works during the construction of buildings and implementation of landscape projects on land plots;

– changing the functional purpose of buildings or land plots.

Development presupposes the organization of these changes and management of the investment project in the real estate sphere. In this case, a legal or natural person who manages the changes of real estate (developer) carries out:

– selecting a cost-effective project;

– obtaining all necessary permits for its implementation from the relevant authorities;

– determining the conditions for attracting investment, developing a mechanism and forms of their return, if necessary;

– searching for and attracting investors;

– selecting contractors, financing their activities, and controlling their work;

– selling the created real estate object or transferring it for the operation to the end-users.

LATEST POSTS

PEOPLE
Unraveling the Mysteries of Existence: Evolution vs. Involution
Unraveling the Mysteries of Existence: Evolution vs. Involution Explained...convergent evolution
Einstein and Tesla about Purpose of Life
Today, we have the esteemed pleasure of hosting a conversation between two of the greatest minds in history, Albert Einstein and Nikola Tesla.

TECHNOLOGY

THOUGHTS
Utopia: The Ideal Society Unveiled
Discover the origins of utopia, its impact throughout history, and humanity's eternal pursuit of an ideal world.
Patocracy
Uncover the concept of patocracy, where a select elite wield significant power, and its effects on society and politics.
Global democracy
Global democracy will be based on one world state operating on liberal and democratic principles.

EDITOR'S SELECTION

science, history, government, economics, space, people, wellbeing, healthcare, technology, energy, climate, education, infrastructure, business, security, art, games, absurdystan, buzzwords, relax, sustainable development, entertainment, home,