What Is Property Development?
Real estate development projects are generally investment, development and construction projects for land and buildings above ground. In China, in accordance with the "People's Republic of China Urban Real Estate Management Law", real estate development projects refer to projects for infrastructure and housing construction on state-owned land that has obtained land use rights in accordance with the law.
Real estate development project
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- Chinese name
- Real estate development project
- Definition
- Investment development of above-ground buildings
- According to
- Law of the People's Republic of China on Urban Real Estate Management
- Nature
- High investment and high risk investment and management projects
- Real estate development projects are generally investment, development and construction projects for land and buildings above ground. In China, in accordance with the "People's Republic of China Urban Real Estate Management Law", real estate development projects refer to projects that carry out infrastructure and house construction on state-owned land that has obtained land use rights in accordance with the law.
- The real estate development project is a high-input, high-risk investment and management project, as well as a wide-ranging economic project. It has a significant impact on the national economy and people's livelihood. Therefore, the state regulates and manages it through legislation and other means.
- Real estate development projects must strictly implement urban planning. In accordance with the principle of unifying economic benefits, social benefits, and environmental benefits, comprehensive planning, reasonable layout, comprehensive development, and supporting construction are implemented. China's urban planning is divided into general planning and detailed planning, of which detailed planning is divided into regulatory detailed planning and construction detailed planning. Direct legal binding on real estate development projects is detailed planning.
- The design and construction of real estate development projects must conform to the relevant national standards and specifications; real estate development projects are completed and their experience can be accepted before they can be delivered for use. The purpose of the above legislation is to ensure the safety of the real estate development process and products, so that real estate development enterprises can take into account social and environmental benefits while pursuing economic benefits. Obtaining a completion acceptance certificate is also an important condition for applying for ownership of a house.