Residential land planning and development establishments service land and subdivide real property into lots, for subsequent sale to builders. Servicing of land may include excavation work for installation of roads and utility lines.
Residential Land Planning and Development Global Market Size
The global residential land planning and development market was valued at $70.7 billion in 2017. Asia Pacific was the largest geographic region accounting for $41.1 billion or 58.1% of the global market. China was the largest country accounting for $24.9 billion or 35.2% of the global residential land planning and development market.
Residential Land Planning and Development Global Market Trend
Residential land planning and development marekt is expanding with the increase in augmented reality in today’s life. Augmented Reality has enabled real estate constructors to diversify their operations and providing customer’s to experience property before committing to a transaction. A digital image can be projected or overlayed on the physical world by use of AR. It is possible for users of AR to modify the image that is projected or overlayed. Prospective purchasers or tenants can customize the experience by visual alterations. The increase in the adaption of AR could help in the reduction of error in property operation and results in the increase in the residential land planning market.
The companies covered are Barratt, Persimmon, Crest Nicholson, Miller, and Wainhomes.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Residential Land Planning and Development Global Market Segmentation
The residential land planning and development market is segmented into Houses And Housing Estate Developments, and Apartments And Other Residential Developments.
Houses And Housing Estate Developments comprises establishments primarily engaged in houses and housing estate developments.
Apartments And Other Residential Developments comprises establishments primarily engaged in apartments and other residential developments.