Land development in India
Developing land in India is a Herculean task. Despite spending substantial time researching locations and properties before deciding to take on projects, developers still face the challenge of obtaining only piece meal information and solutions from various liaisons and service providers. A developer in India has to work with many different counterparts along each step of the development process, including architects, city planners, engineers, surveyors, inspectors, contractors, leasing agents and many more. Although the entry barrier for becoming a developer in India are extremely low, anyone who has taken on the task of trying to develop a property will be able to point out several intricacies and challenges that they may have faced during the entire development process.
In India a lot of funds (and not necessarily of people with interest in becoming developers) are diverted towards acquisition of large plots of land and property. However, due to the cumbersome process of land development, such land rarely go beyond a few feasibility study reports. Either such land is sold to developers on an outright basis or a joint ownership development is carried out and the land owner is usually at the mercy of the developers’ terms and conditions and methods to be able to generate any kind of income from the property.
Considering the immense wealth of most large developers in India, it is evident that Land development is a field that can offer a lot of financial gain if it is done properly.
Finally, there is a ray hope for such large land owners in the form of ProjectWell, India’s first and only Development Management Company. ProjectWell views projects from a ‘cradle to cradle’ perspective to professionally derive solutions for the entire life-time of a real estate project. ProjectWell converts land into projects and allows the land owner to earn perpetual income out of their land. Acting as a client representative and offering highly specialised services, ProjectWell allows the Land owner to focus on his core competency/business, while ProjectWell makes it their business to do everything that needs to be done to convert the land into a profitable project.
For more information log on to:
http://www.projectwell.com and http://www.blog.projectwell.com
About Loknath Swain
Loknath Swain is a Mumbai based writer. He writes on subjects related to green interior and designs and he is associated with http://www.projectwell.com and http://www.blog.projectwell.com
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