Real estate development includes the subdivision of land into small parcels
Development property is land and the encompassing buildings or lots on it, that is owned by a property development or real estate company. The land is set aside to be repaired or reshaped into a different business, organization, or residential function. Usually the land is barren or the current buildings will be torn down, with plans for new buildings to be built.
To my mind, a real estate company is the company which undertakes development of land and marketing rights. The construction company is actually executing the project. Some of the real estate companies may undertake construction on their own without outsourcing the same and hence, this is a wider connotation. On the underhand, a construction company need not restrict to real estate construction alone and can foray into roads, ports and other infrastructure projects. If anyone has a better definition, please share.
NAICS Code 233110 covers real estate development
NAICS Code 233110 covers real estate development
Real estate development includes the construction of apartment buildings
Real estate development includes the construction of schools
Real estate development includes the construction of condominiums
Real estate development includes the construction of hospitals
Real estate development includes the construction of prisons
Real estate development includes the construction of parking garages
Real estate development includes the construction of retail shopping centers
Real estate development includes the construction of industrial plants and warehouses
Real estate development includes the construction of residential single-family houses
Real Estate and Construction offers quite a number of various services to its customers. Some of these services are construction of buildings, ponds, and other various things.
Real estate development includes the renovation or restoration of warehouses
Real estate development includes the subdivision of land into small parcels