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Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others.
Development analysis can add significantly to the value of land and development, and as such is a crucial tool for landowners and developers. It is an essential step in Kevin A. Lynch 's 1960 book The Image of the City , and is considered to be essential to realizing the value potential of land. [ 2 ]
This has been largely at the expense of rural and greenfield land. [citation needed] Recently, there has been some effort to address this problem by banning the development of out-of-town commercial developments and encouraging the reuse of brownfield or previously developed sites for residential building. Nevertheless, the demand for housing ...
for the purpose of sale or of building development: Every division of a piece of land into two or more lots, parcels or parts is, of course, a subdivision. The intention is to cover all subdivision of land where the immediate or ultimate purpose is that of selling the lots or building on them.
The survey system divided public land into 36 one-square mile sections. See General Land Ordinance of 1785. The General Land Ordinance of 1785 and the Northwest Ordinance established and systematized the policies that governed the disposal of the public domain to settlers and the creation of new states. Under the framework of these ordinances ...
2 Development and use. 3 Examples. 4 ... a land lot or plot of land is a tract or parcel of land owned or meant ... certain areas are zoned for residential buildings ...
A residential cluster development, or open space development, is the grouping of residential properties on a development site to use the extra land as open space, recreation or agriculture. It is increasingly becoming popular in subdivision development because it allows the developer to spend much less on land and obtain much the same price per ...
A residential area of Ikuri in Tampere, Finland. In certain residential areas, especially rural, large tracts of land may have no services whatever, such that residents seeking services must use a motor vehicle or other transportation, so the need for transportation has resulted in land development following existing or planned transport infrastructure such as rail and road.
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