Conception of Territory Development

Three variants of territory development were formulated on the basis of analysis of location and analysis of real estate market: a high quality resort complex construction, a first class residential eco development construction and the Mixed-use Complex (a hotel and a residential complex).

Performed financial analysis of all variants has shown suitability for construction of the first class residential eco development.

After the completion of analysis, the decision to build a water park on the territory of the Object was accepted. A special consideration of demand issues and budget costs was also required.

Land plot area - 9,7 HA

Private shingle beach (about 250 m), with a coastline (20-30m width).

• Total estimated area of an apartment block according to main scenario - 11 550 sq.m
• Total estimated area of an apartment block according to alternative scenario - 20 550 sq.m
• Open area of water park territory - 14 830 sq.m

An active recreation center is located on the territory of the Object.

On the basis of analysis of location and analysis of real estate market, taking into consideration a unique location of the land plot, its ecology and accessibility, presence of forests and proximity of seacoast, three variants of the most efficient territory development projects were formulated, two of which were under consideration of Customer:

1. Main variant: Orientation toward rich buyers (it presupposes a low built-up density and a high price of housing estate):

• Individual cottages;
• Townhouses/duplex houses/villagio houses.

2. Alternative variant: Orientation toward buyers with average and above average incomes (it presupposes a higher built-up density):

• Townhouses/duplex houses/villagio houses;
• Low-rise apartment houses.

• Consultant has performed the analysis of hotel, resort and recreational, residential real estate (low-rise apartment residential real estate) in Novorossiysk and its suburbs.
• Three variants of territory development were formulated on the basis of analysis of location and analysis of real estate markets.
• A financial basis and forecast for economic effectiveness of three Project development variants were performed.
• Analysis of Project Budget was made.
• Estimation of Project risks was made.
• Analysis of water park market of the Black sea coast line, taking into account demand for it on the part of tour operators. Forecast for economic effectiveness of the water park was elaborated; analysis of Project expenses was made.