From an initial idea to evaluation of feasibility, formation of a development plan, management of design and through to construction and hand-over, great real estate projects must be managed with a guiding vision and great discipline. The ultimate result of this approach is fair return to investors and space that fits the needs of end users, explains Naveed Siddiqui, CEO of Capitas Group International. "This focus on investor return, or even on whether a project will be able to pay back a financing package, needs to go hand-in-hand with determining the type of space that is being developed and technical process of development of real estate," Siddiqui told Khalil Hanware of Arab News in an exclusive interview in Jeddah.
Real estate is both a physical asset and a financial asset. Both aspects need to be optimized. Otherwise, capital sourcing becomes challenging, he said and emphasized the role of the development manager in rigorously evaluating the financial and technical aspects of development.
Read more: http://www.zawya.com/story/Real_estate_is_a_critical_component_of_economy_says_Capitas_Group_CEO-ZAWYA20130304031057/
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