CETANA PROOF - Flipbook - Page 77
navigate regulations effectively, and manage costs may be better
positioned to succeed in this dynamic and rapidly evolving
market.
Entrenched Networks & Relationships:
Relationship building is critical to property development.
The industry is a complex and dynamic 昀椀eld, requiring close
collaboration among a range of stakeholders, including builders,
architects, engineers, regulators, investors, and community
members. Developing and maintaining strong relationships
with these stakeholders is essential to achieving success in the
industry.
One key reason that relationship building is important in the
property development industry is that it helps to build trust and
credibility. Property development projects are often complex
and challenging, with many moving parts and potential pitfalls. By
building strong relationships with key stakeholders, developers
can demonstrate their expertise, commitment, and integrity,
which helps to build trust and credibility among stakeholders.
Another reason that relationship building is important in the
property development industry is that it helps to facilitate
collaboration and problem-solving. Property development
projects often require close collaboration among stakeholders
with different areas of expertise and interests.
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