The Ghazaly Group follows a well defined process of real estate development using its extensive experience. Although the process for development of real estate varies from project to project, the various phases can be categorized roughly as follows:

• Market research
• Site selection / feasibility analysis
• Due diligence / preliminary pro forma
• Property acquisition, perhaps using option to buy
• Project design / refined pro forma
• Obtain entitlements
• Financing / final pro forma
• Construction
• Lease-up / sales
• Operation (in cases where the project is retained as an asset)