A developer can be an individual or a limited liable company. They engage in the business of developing real estate for sale by establishing buildings and other structures along with the sub-division of lands into plots. A developer can also be just a project owner or an owner and a contractor of a project. Every developer has certain obligations which should be fulfilled clearly before taking up a project. In other words,
developers conceive the projects, select their locations, acquire the land, determine the target market, obtain the financing, oversee the design and construction, and lease-up or sale of the completed building