Concept Development means real estate development – carrying out of building, engineering and other operations over the real estate, that leaders to qualitative changes in the land, buildings and constructions.
Full-function development process services include following components:
Legal support:
- The relations connected with the land and realization of the real estate projects, are one of the most difficult and sometimes confused in legal sense. There is a set of risks of legislative and standard character. Minimization and management of them directly influence success of the project. Considering complexity and dynamism of regulatory bases, the full and all-round legal analysis is the indispensable initial stage of any developer project. Such analysis includes:
•  the analysis of right establish documents;
•  the analysis of legal status of the proprietor, the subject of land rent relations;
•  the analysis of the available allowing documentation, support of reception and change of parameters of the allowing documentation;
•  Development and introduction of project realization optimum model;
•  Development and introduction of optimum model of attraction of means, including use of an infrastructure of the share market and FFS tools;
•  Maintenance of the building realization process;
•  Operative management of the contractual base connected with realization of the project, preparation and the analysis of various agreements with counterparts;
•  Maintenance of transactions with the lands and objects of the real estate;
•  Claim work, in case of occurrence of such necessity.
Estimation of the lands and objects of the real estate:
- The correct and competent estimation of object is the precondition of acceptance of optimum administrative decisions, selection of the best strategy in the relation to the object, beginning from acceptance of the basic decision concerning occurrence possibility in the project and finishing parameters of its realization. The estimation includes:
•  Estimation of the legal restrictions and risks, including title;
•  The analysis of the market and the competitive environment;
•  The analysis of land characteristics, revealing of advantages and disadvantages, including hidden;
•  Selection of possible object development directions;
•  The base analysis of economic feasibility and calculation of the basic financial indicators;
•  Estimation carrying in the monetary form.
Marketing researches:
- Carrying out of qualitative research of the market, revealing of existing market niches and degree of their saturation allows to minimize risks and to eliminate uncertainty at realization of any developer project. Research should include:
•  Market segmentation, selection of the target segment;
•  Estimation of the capacities and market volume;
•  Forecast of development tendencies;
•  Estimation of the potential demand and its structure;
•  Estimation of the competitive environment, share of the market of the basic players;
•  Estimation of the basic competitors sales strategy;
•  Estimation of the elasticity of demand, susceptibility to its changes under the influence of various parameters;
•  The analysis of the advertising companies of the basic market players;
•  Revealing of the market potential risks, the analysis of possible negative scenarios of development.
Design and estimation of investment projects:
-  After acceptance of the strategic decision concerning realization of this or that project there is a necessity for design of the accurate and concrete plan of its realization, which allows to fix parameters, to estimate requirements for the financial resources, necessary schedules of their attraction, to estimate profitableness and project recoupment. Design and estimation of the investment project includes:
•  creation concepts of realization of the project, including, at building realization – the architectural concept, outline sketches;
•  creation financial and economic model, calculation of profitability of investments, a time of recovery of outlay, the forecast of monetary streams, calculation of the discounted streams, internal norm of profitableness, necessity for attraction of extra means, selection of tools of such attraction etc.
•  creation of the detailed business plan, project budgets.
Designing:
- Designing is a stage directly previous the beginning of realisation of the project. Depending on a concrete situation the stage can include:
•  Development of sketch of the general plan;
•  Technical and economical substantiation of engineering communications;
•  Designing of the general plan;
•  Designing of the engineering networks and communications;
•  Architectural designing of objects of the real estate;
•  Designing of the objects of infrastructure;
•  Project territory accomplishments;
•  Coordination and confirmation of the construction documents;
•  Reception of the building licenses;
Attraction of investments:
-  Necessary condition of realization of any project is presence of sufficient financial resources. This stage consists of:
•  Estimation of the volume of necessary resources, dividing of requirement on stages of realization of the project and time, definition of parity of own and extra means;
•  Definition of the mechanisms of resource attraction and corresponding tools;
•  Search of the partners or investors, conclusion contracts with them;
•  Direct attraction of means.
Project realization:
- The given stage is logical end of all preparatory stages and defines an end result of all complex of actions carried out by the developer. It includes:
•  Carrying out tenders and competitions for realization of those or other works, search of counterparts and commission agents;
•  Engineering, construction and other works executing;
•  Execution of the supervision of building, control of execution of the confirmed estimates and budgets;
•  Calculation of the performed works, debts service, operative control of monetary streams movement;
•  Direct realization of the project and object putting in operation;
•  Control of the created project, object sale, etc. according to the selected strategy.
Experience and personnel potential of group of companies "Fincom" allow to work successfully at all stages and in all segments of development as at realization of own projects, and to render corresponding commission, consulting and other services of high quality for our clients. The major principle of our work consists in individual approach to each client and its concrete situation.