🧱 How to Plan a Commercial Plaza from Scratch
Markaz
Last Update há 2 dias
Developing a commercial plaza involves careful coordination between budgeting, design, approvals, and execution.
Key Steps:
Site Selection: Look for high-footfall areas with strong demand (near markets, main roads, etc.)
Market Research: Evaluate what types of commercial units (shops, offices, food courts) are in demand.
Feasibility Study: Forecast costs, timelines, and expected returns (more below).
Conceptual Design: Hire an architect to draft preliminary layouts based on zoning laws.
Approval Process: Submit your building plan for clearance from local authorities like CDA, LDA, or SBCA.
Construction Phase: Hire a contractor and begin execution per the approved drawings.
Marketing & Leasing: Begin pre-leasing or selling units once gray structure is underway.
Pro Tip: Build in phases to manage cash flow and reduce risk.