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Concept
Land development
Summary
Land development is the alteration of landscape in any number of ways such as:
Changing landforms from a natural or semi-natural state for a purpose such as agriculture or housing
Subdividing real estate into lots, typically for the purpose of building homes
Real estate development or changing its purpose, for example by converting an unused factory complex into a condominium.
In an economic context, land development is also sometimes advertised as land improvement or land amelioration. It refers to investment making land more usable by humans. For accounting purposes it refers to any variety of projects that increase the value of the process . Most are depreciable, but some land improvements are not able to be depreciated because a useful life cannot be determined. Home building and containment are two of the most common and the oldest types of development.
In an urban context, land development furthermore includes:
Road construction
Access roads, walkways, and parking lots
Bridges
Landscaping
Clearing, terracing, or land levelling
Land preparation (development) for gardens
Setup of fences and, to a lesser degree, hedges
Service connections to municipal services and public utilities
Drainage, canal systems
External lighting (street lamps etc.)
A landowner or developer of a project of any size, will often want to maximise profits, minimise risk, and control cash flow. This "profitable energy" means identifying and developing the best scheme for the local marketplace, whilst satisfying the local planning process.
Development analysis puts development prospects and the development process itself under the microscope, identifying where enhancements and improvements can be introduced. These improvements aim to align with best design practice, political sensitivities, and the inevitable social requirements of a project, with the overarching objective of increasing land values and profit margins on behalf of the landowner or developer.
Development analysis can add significantly to the value of land and development, and as such is a crucial tool for landowners and developers.
Official source
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