Property development definition

Property development means the development of land—

Property development means the construction, reconstruction, or other alteration or improvement of residential or commercial buildings or the subdivision or replatting of a subdivision of residential or commercial property.

Property development means a major development primarily for residential properties, but also including such other categories as may be authorized, arising from a DFA or land PTB approval or directly in terms of the Municipality’s Town Planning Scheme, and in which all the internal infrastructure and community facilities are provided by the Primary Developer.

Examples of Property development in a sentence

• Property development costs comprise all costs that are directly attributable to development activities or that can be allocated on a reasonable basis to such activities.

• Property development costs not recognised as an expense are recognised as an asset, which is measured at the lower of cost and net realisable value.

• Property development costs comprise costs associated with the acquisition of land and all costs that are directly attributable to development activities or that can be allocated on a reasonable basis to such activities.

• Property development costs not recognised as an expense is recognised as an asset and is stated at the lower of cost and net realisable value.

• Property development costs Property development costs comprise all costs that are directly attributable to development activities or that can be allocated on a reasonable basis to such activities.

More Definitions of Property development

Property development means carrying out work for any or all of the following activities in relation to land (whether by its owner or by someone else with the owner’s consent) with a view to obtaining a reward from selling or leasing the land —

Property development means the [new]

Property development means the construction, reconstruction, or other

Property development means the construction,

Property development means the construction of any building or part of a building and the

Property development means the construction of

Property development means the activity of acquiring land for the purpose of developing, constructing or causing to be constructed thereon and selling completed residential, commercial or industrial buildings, whether as a whole or by parcels therein, and development and sale of vacant lots for the construction of such buildings thereon including homesteads, hobby farms, orchards or for other similar purposes;