Define: Development Approach
Development Approach means a method that calculates potential sale price for segmented undeveloped land, deducting all development costs. The balance is the unbranded land's market worth
Development Approach means a method that calculates potential sale price for segmented undeveloped land, deducting all development costs. The balance is the unbranded land's market worth.
Relevant Circumstances
- Acquisition of undeveloped land for commercial or residential development.
- Partnership formation for real estate development.
- Assessment for potential development of corporate-owned undeveloped parcels.
Relevant Sectors
- Real Estate
- Construction
- Urban Development