5. The Key Decisions and Processes for Securing Finance for Real Estate Project Development in Developed and Emerging Economies

The chapter delves into the intricate processes and decisions involved in securing finance for real estate development projects. It begins with an introduction to the lack of comprehensive literature on the subject and proceeds to discuss the initial decision-making stages, feasibility studies, and regulatory requirements. The chapter also highlights the differences in practices between developed and emerging economies, using case studies and interviews to illustrate the varied approaches. Notably, it introduces a process map as a practical guide for managers and educators, offering a structured approach to navigating the complexities of real estate finance. The findings emphasize the need for uniform guidelines to enhance communication and effectiveness in the industry. The development of the process map, inspired by various methodologies, is a significant contribution, aiming to reduce risks and improve efficiency in securing finance for real estate projects.