Question

I need critical log on real estate project, means survey about real estate project.

Answer 1

Survey about real estate project includes the feasibility study, in order to find out the possible positive and negative outcomes of a certain project before investing considerable money and time to it. Feasibility study is an analysis of how successfully a project can be completed with a consideration of economic, technological, legal, social and scheduling factors. It throws light on where and how the project would be initiated, potential risk factors and necessary funding required for the project.

Survey about real estate project involves the four stages of real estate, Project initiation, Project conception, Project Management and Project Marketing. Survey about the real estate project covers all the four phases.

The Process of Survey on Real estate project comprises of the below mentioned steps:

Step I : Feasibility study of the project: Determining possible outcome in light of the social, economic, technological and scheduling factors.

Step II :Launching of the project

Step III : Customer feedback of the project : Determining whether the project has met the customer's expectations in terms of quality of construction, customer service, timeliness and other factors relevant to the real estate project

Step IV :Evaluation and Control Mechanism : To find out the loopholes of the project in terms of meeting the customer's expectations or developing a corrective mechanism for the project.