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DEVELOPMENT

Our development arm undertakes and initiates new development and redevelopment projects on behalf of private or institutional investors and act as a project manager for the project. In this function Caltech administers all the intricate tasks involved in such as undertaking, supplying the direction, supervision and professional skills required to ensure the success of the development project. Our broad-ranging functions in acting as project manager are:

• Initiate a feasibility study to establish highest functional and financial use.
• Prepare an economic analysis to establish budgets.
• Investigate, select and acquire the most suitable location.
• Direct building program to meet the sponsor’s requirements.
• Select the design group including architects, engineers, and planners.
• Directing the design development program.
• Contract Management.
• Procurement Management.
• Scheduling.
• Accounting/Control/Reporting.
• Construction Buyout.
• Construction Management.
• Operations and maintenance Planning.

Project management integrates widespread functions vital to the success of any new real estate development. Because of the diversity of the activities involved, it is rare that a single individual has the capacity to function in all these aspects. Hence we provide a team of dedicated professionals specializing in each function of the development.