Real estate development, or
property development, is a multifaceted
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. Real estate developers are the people and companies who coordinate all of these activities, converting ideas from paper to real
property. Real estate development is different from
construction, although many developers also manage the construction process.