Real estate development is the process of improving land or property to create new buildings or enhance existing ones. This can involve various activities, such as constructing residential homes, commercial spaces, or mixed-use developments. Developers often work with architects, engineers, and city planners to ensure that projects meet local regulations and community needs. The development process typically includes several stages, such as site selection, financing, design, and construction. Developers must also consider factors like market demand, zoning laws, and environmental impact. Successful real estate development can lead to increased property values and economic growth in the surrounding area.