Demography: Demography refers to the characteristics of the population in a particular area. This includes factors such as age, income, education, and employment. Understanding the demographics of a location can help developers determine the demand for certain types of housing and amenities.
Location advantage: Location advantage refers to the benefits that a property derives from its location. This can include access to transportation, proximity to important amenities such as schools and shopping centers, and the overall desirability of the neighborhood.
Price: The price of a property is determined by a variety of factors, including its location, size, amenities, and condition. Developers must carefully consider these factors when setting the price of a property to ensure that it is competitive and attracts buyers.
Locality with price: The price of a property can vary significantly depending on its location. Properties in desirable neighborhoods or with easy access to transportation or amenities will typically command higher prices than those in less desirable areas.
Overall, these factors can significantly impact the success of a real estate project. Developers must carefully consider the demographics of the area, the location advantages, and the pricing strategy in order to create a project that meets the needs of potential buyers and is financially viable.