Professional Documents
Culture Documents
&
Planning
Dr.Tarun Bansal
Ph.D, MBA, QLF, CHA,CHE.
10/13/2022 M.Sc HA 1
Contents
1. Entrepreneur’s Perspective
2. Architect’s Perspective
3. Town planner's Perspective
4. Site Identification & Acquisition
5. Acquisition of Site
6. Project & Construction Management
7. Challenges to Property Development
10/13/2022 M.Sc HA 2
Entrepreneur’s Perspective
1. It is process of improving usefulness of land
& building through the development of
facilities that meet social, commercial and
infrastructural needs.
2. Turning dreams into reality.
3. Property is said to be at the heart of real
wealth and power.
4. It’s tangible, it’s beautiful, it’s artistic, I love
property ( Donald Trump).
10/13/2022 M.Sc HA 3
Architect’s Perspective
• Shaping the built environment for commercial
gains.
• Finding the delicate balance between good
design and the commercial imperative.
• Architect’s arouses sentiments in man. The
architect’s task is to make those sentiments
become a reality.
• All architects want to leave beyond their death.
10/13/2022 M.Sc HA 4
Town Planner’s Perspective
10/13/2022 M.Sc HA 7
Site Identifications & Acquisition
C. Check Title Deed:
• Restrictive of Title
• Zoning
• Servitudes
• Heritage
• Environment
10/13/2022 M.Sc HA 8
Site Identifications & Acquisition
D. Conditions of Township Establishment
E. Local Authority
• Ability to deliver electricity, utility company
F. Re-zoning Application
G. Geotechnical Investigation
• Dolomite ( mineral) condition
10/13/2022 M.Sc HA 9
Acquisition of Site
• Sale Agreement: must be precise and
environmental
• Transfer of Property: has effect on project cash
flow
• Conditions of Sale Agreement: after all
visibility , it should be complete, analysed and
reviewed.
10/13/2022 M.Sc HA 10
Viability Study
A.Land Acquisition
• Purchase Price of Land / Building
• Town Planning Costs
• Soil Conditions
10/13/2022 M.Sc HA 11
Viability Study
B. First Year Net income =
Add Gross Total income, Parking income,
Retail income and operating cost recoveries
Less Operating costs, vacancy provisions, Bad
debts
First Year Net Yield =
First Year Net Income/ Capital Cost
10/13/2022 M.Sc HA 12
Project & Construction Management
• Project Management
• Appointment of Professional Team
• Negotiate Price with contractor- Fixed or
variables
• Manage Drawdown's
• Practical completion and Occupation
Certificate
10/13/2022 M.Sc HA 13
Property Management
10/13/2022 M.Sc HA 14
Property Management
Property Management involves:
• Leasing of the premises
• Tenant selection & management
• Collection of rentals
• Payment of all property related expenses
• Accounting and reporting of the financials of the property.
• Bad debt management
• Appointment of contractors e.g. Cleaning, security, lifts
etc.
10/13/2022 M.Sc HA 15
Challenges to Property Development
A. Sustainable Development
• Power Crisis
• Green Building
B. Infrastructure
Electricity, Roads, Planning Approval Process, Public
Transport
C. Empowerment
D. Lack of Funding:
• As Banks are not lending in the market and
• Lack of equity contribution.
10/13/2022 M.Sc HA 16