Real estate development is the process of improving land or existing buildings to create new real estate projects. This process involves a variety of activities, including land acquisition, zoning and permitting, site planning, construction, marketing, and financing. Real estate developers are responsible for overseeing the entire development process, from conception to completion. They must be knowledgeable in all aspects of the development process, including legal, financial, and construction. Real estate development is a highly competitive industry, and developers must be able to identify and capitalize on opportunities in order to be successful.