Right location,Right Project, Right pricing, Right developer.... always earn podium finish for you
Project management is an art of setting up all the components of a project together to work in sync. A logical approach to bind the various components together with effective planning improves the chances for a successfully delivered project. A real estate project differs from any other domain in terms of the number of different components it involves.The complexity of these components if not dealt with maturity with a persistent approach may lead to disastrous results for the project.
Various components of Project Management
Project Management of a real estate project includes effective strategy and planning in the field of project conceptualization, positioning,feasibility, product designing & pricing, competitive analysis, networking, Investor profiling,marketing & sales tools creation and filtered implementation of all the finalized elements. Real estate projects are thus more likely to come in on time and on budget when effective project management techniques are followed. Strong project management methodologies give teams more flexibility, increasing the likelihood of success. This also improves the maturity level of organizations in terms of project management and risk management methodologies.
First There Are Real Estate Developers and Real Estate Development
A real estate project begins as a real estate development or property development. It is a multi-leveled business process that consists of numerous activities including the purchase of new land, the sale of developed land or property to others, the renovation of existing land or property (buildings) or the development and construction of new buildings and property. Real estate development and construction have several things in common; and one that is integral to each is project management.
Role and Responsibilities
While developers will purchase land or property, finance real estate transactions, have builders construct projects, and cogitate, create and develop the whole real estate project from beginning to end, it is the project management company who truly oversees and orchestrates all the real estate components and participants to get the whole job completed. Of course, the real estate developer and project manager work with many different people during the entire real estate development process. These may include city planners, government officials, attorneys, architects,leasing agents,bankers, advertising & marketing agencies, in-house and outsourced [channel partners] sales teams, Investors and others.
PRG Yours Well deserved Partner
Truly, the goal of every real estate development is to obtain the services of a topnotch, well-educated, deeply-experienced project management company who is also a leader and endowed with skills that can successfully address and handle every phase and challenge pertaining to a real estate project. It’s not easy to find such an individual but at PRG we have created the mile stones with almost 30 years of experience in the industry and have few marvelous and successful stories to tell....