What is site development in SAP RE - Real Estate Management?

SAP Term: site development

• Component: RE

• Component Name: Real Estate Management

• Description: Measures required in order to be able to make use of land for commercial or construction purposes for example, streets, sewers, electricity.

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• Key Concepts: 
  Site Development in SAP RE (Real Estate Management) is a process of creating and managing sites for the purpose of leasing or selling real estate. It involves the creation of a site plan, which includes the layout of the site, the location of buildings, and other features such as roads, utilities, and landscaping. The site plan is then used to determine the cost of development and to create a budget for the project. 
  
  How to use it: 
  In SAP RE, Site Development is used to create and manage sites for leasing or selling real estate. The process begins with creating a site plan, which includes the layout of the site, the location of buildings, and other features such as roads, utilities, and landscaping. Once the site plan is created, it can be used to determine the cost of development and to create a budget for the project. 
  
  Tips & Tricks: 
  When creating a site plan in SAP RE, it is important to consider all aspects of the project including costs, timelines, and potential risks. Additionally, it is important to consider any local regulations or zoning laws that may affect the development process. 
  
  Related Information: 
  For more information on Site Development in SAP RE, please refer to SAP Help Portal or contact your local SAP representative.