ABSTRACT
Land Packaging is the second stage of the seven-Stage Real Estate Development Process. Land Packaging involves obtaining the major public approvals like zoning, master plans, and environmental impact studies, along with market studies, engineering analyses, financial proposals, surveys and title insurance that make the property a compelling opportunity for Land Developers. Neighbourhood activists often operate outside the defined regulatory land use approval process, but their support is critical for land use changes. Title attorneys and title insurance companies help the Land Packagers identify problems or clouds on the title. The land planner and engineering fees can increase quickly if these consultants are not used efficiently and closely monitored. Land Packagers can lose control of the land in many ways. The Land Packaging stage of the Real Estate Development Process interacts directly with three other stages of development—Land Banking, Property Redevelopment, and Land Development—and indirectly and dramatically affects the other three stages of development.
