Residential Land Planning and Development Market

Residential land planning and development is a process of regulating the use of land and plan development accordingly. This process is used to promote the efficient use of resources and desirable environmental and social outcomes. Residential land planning includes environmental conservation, minimum transportation cost, reduction in exposure to pollution, and avoidance of land use conflicts. In most of the countries, residential land planning is done by government bodies, which allot the land for further development to local vendors or construction companies through tender. Residential planning and development is required for house and housing estate development, apartment construction and other residential development such as hostel. After the development, maintenance and renovation of houses, apartments, and other residential option is required on time to time basis. This creates an aftermarket to the service providers. Post COVID-19 lockdown, construction and development activities are resuming after a break. This is expected to boost the growth of the residential land planning and development market.

COVID-19 Impact analysis

• COVID-19 pandemic has shut down the construction of residential properties attributed to the lockdown in countries worldwide. This has hampered the growth of residential construction market in 2020 and, is likely to revive in 2021.
• COVID-19 has already affected the sales of residential land planning and development in the second and third quarter of 2020 and is reviving in 2021.
• The major demand for residential land planning and development was previously noticed from countries including the U.S., Germany, Italy, UK, and India, which are negatively affected by the spread of the corona virus, thereby declining the demand for residential land planning and development.

Top Impacting Factors

Residential land planning and development is an important element in city planning. Residential land planning is mandatory for new development of city and township, due to rise in population and lack of proper residential space especially in tier 1 cities. This is one of the key factors driving the growth of the residential land planning and development market. Various governments are adopting the concept of zone in city planning and development. Zoning process helps in creating zones according to the functions and need such as industrial zones, residential zones, market zones, and agricultural zones. Awareness about land allocation and planning is very important to create these zones. This is another factor which is driving the growth of the residential land planning and development market. The residential land planning and development market is expected to grow in the upcoming years due to rise in construction and housing industry.

Market Trends

• Asia-Pacific region is dominating the growth of the residential land planning and development market at global level. It is the largest revenue contributor among other region across the globe.
• Consistent research and technological development are in focus for improving the residential land planning and developments. Augmented reality is such a novel technology used for residential land planning and development for faster construction and cost reduction. It helps in creating 3D models of constructions which helps in consideration of important factors for the effective and efficient development.
• North America is the second largest consumer of residential land planning and development market, and Africa contributes smallest part in the market growth of residential land planning and development.

Key Benefits of the Report

• This study presents the analytical depiction of the residential land planning and development market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the residential land planning and development market share.
• The current market is quantitatively analyzed to highlight the residential land planning and development market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides detailed residential land planning and development market analysis based on competitive intensity and how the competition will take shape in coming years.

 Residential Land Planning and Development Market Report Highlights