The Roles of 3 Key Participants in the Property Development Process In Research Paper

The Roles of 3 Key Participants in the Property Development Process In Australia - Research motif ExampleArchitects, property developers, and town planners here in Australia see the true picture of international compact developed between these three key players in property development abroad and are at a time trying to implement them here. Despite differences, these players are working in unison to create world-class infrastructures.The stinting and demographic opportunities arising from demand for better and competitive infrastructures have dictated developers and architects to forge an alliance that has shown tremendous supremacy in places like Amsterdam, Hong Kong, London, Melbourne, Montreal, New York, and Tokyo. As architects and property developers break boundaries together, they are also beginning to pass on an established pattern of notorious and longstanding ill will. Property development has to be market driven and certainly not product driven. The architect can creat ively add great value to the developers commercial-grade objectives by design. By working in tandem, an architect can achieve his architectural agenda at the same time. (Property Development and Progressive Architecture - The New Alliance, www.elx.com.au, referred on 4.27.2006)1 3.0 Property Developer This paper sets out to denounce and highlight the similarities of the role, objective, priorities, and attitude held by Developers, Architects, and Statutory Environmental/Town Planners with respect to Property Development Process. Developers replace undeveloped, under-developed land, or existing buildings to satisfy market demands, using their entrepreneurial skills. Like all other entrepreneurs, developers expect, rightfully, to scram an appropriate rate of remuneration for their skill and risk involved in the particular development work. Sadly, a majority of property developers, who possess the genuine skill, expertise, a sound sense of social responsibility, and most of all, d ress in their work, do not receive the publicity which they deserve. Peoples real estate needs are met by means of the operation of various kinds of differing property markets in Australian society. These different types of markets can be categorized generally by way of location, size and usage criteria.