Property development, also called real estate development, is the process of developing buildings or land into a higher use value.

It’s a multi-faceted business which can encompass any of the following:
 Buying land and building property on it;
 Renovating, extending or improving property;
 Converting property from one use type to another.

Property developers are the entrepreneurs who carry out real estate development. There is a simple premise behind what a developer does; put quite simply:

A developer adds value to land or property.

By adding value, a developer can extract a profit from development. This is one of the main (but not only) aims in property development. The concept of developing property to its highest and best use value is fundamental to the property development process.

The advantage development offers in comparison to other avenues of preserving and generating wealth in property, such as property investment, is the potential for substantially higher returns.

However, where profit and a return can be made, risk always follows. Property development is no exception.

Many people will tell you that property development is complex and risky. Indeed, without the right knowledge, skills or planning it can be and as a result, developers often seek to reduce risk in as many ways as possible.

The term ‘real estate’ simply refers to both land and buildings. Real estate encompasses both residential and commercial property.

Property development incorporates a scope of exercise from purchase ofproperty, advancement of facilities and structures to meet clients pre-requisite. It additionally incorporates either the deal or rent of the placethat is known for properties on fruition. Grace bounty properties encourage her clients to build at least a perimeter fence immediately after allocation to enhance quick development of the estate.