Property Development Tip 4: Timelines!

Discussion in 'Development' started by Be Developer, 11th Dec, 2015.

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  1. Be Developer

    Be Developer Property Developer Business Member

    19th Jun, 2015
    Property Development Tip 4: Timeline.

    House and Land Package:

    1-8 Months for Land Registration (if not registered already)

    1-3 Months for Plan Approval & Builder’s Quote

    3-8 Months for Build Process (lesser for single story, higher for Double story)

    Approx. Total time: 12 Months

    Duplex/Multi Unit/Townhouses /Villa Development (Under 5 units)

    3-6 Months for Plans and Permit approval (Can be more)

    2 months for Builder’s quote /finance Approval

    1 -2 month Builder’s Preparation/ Utility connection-disconnection/demolition

    8-12 Months for Build Process

    2 months for Subdivision/Authority approval/Paper work

    Approx. Total Time: 16-24 Months

    Apartment Development (3 story – 5 story)

    5-12 Months for Plans and Permit approval

    3-4 Months for various consultants/Builder’s quote/Finance Approval

    4-8 Months for Project Marketing/ Pre-sale of required stock

    12-18 Months for Build Process

    2 Months for Subdivision/Authority approval/Paper work

    Approx. Total Time: 26- 36 Months

    Above Time lines are for guide only. It can vary subject to Authority Approval, Weather, Finance, Neighbor/Authority objections, Design constraint, Re-sale, Holidays, Material-Labor shortage, etc.

    Few things to consider while you are in process of property development:

    • Have sufficient cash to fund development for period of above time line
    • Don’t go on property/toys buying spree without consulting your broker/banker.
    • Allow time for F#$% ups , it happens all the time.
    • Be Persistent and don’t give up halfway!
    • Keep in mind –there is a solutions to every problem in world, just have to work out “W” when, where, what, etc!
    • Above all, Enjoy the Process!

    P.S we haven’t done community development project as yet, but min time lines are around 4-5 Years subject to above conditions and million other things.
    Peter P, LifesGood, Brian84 and 12 others like this.
  2. JKWS

    JKWS Well-Known Member

    25th Jul, 2015
    Thank you, this just came in handy!
    Be Developer likes this.
  3. LloydThomas

    LloydThomas Active Member

    25th Oct, 2015
    good post Be Developer!
    Be Developer likes this.