Property development

[Vania]

the process of buying, improving, and selling buildings and land, and arranging for new buildings to be built:

[Dorothey Allen]

a place where new buildings have been built or are being built:

[Luis Fok]

Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others.