A developer is an individual or an entity engaged in transforming raw land into improved land in the context of real estate, or in creating application software in the field of computers. This role requires significant investment in terms of labor, capital, and entrepreneurial efforts.
Plottage value refers to the increase in the value of land that results from the assemblage of smaller plots into a single, larger ownership entity. This amalgamation often makes the land more valuable and usable for various purposes, such as commercial or residential development.
