Training Details

• Method: Face-to-Face

• Duration: 24 Hours (4 Days × 6 Hours)

• Location: Bursa Uludağ University, Görükle Campus, Faculty of Economics and Administrative Sciences – C Block

• Fee: 5,000 TL (VAT Included)

• Certificate: Participation Certificate (for ≥80% attendance)

• Participants: Minimum 20 – Maximum 30

• Schedule: Announced once minimum registration is reached
   If sufficient demand arises in other provinces, the program may also be held locally.

• Contact: usem@uludag.edu.tr | Corporate Billing: 0850 840 8543

Purpose of the Training

This training aims to teach participants how to evaluate real estate projects scientifically and financially, from concept and design to valuation and investment decision-making.
Key learning objectives include:

• Mastering the project development process from land acquisition to permitting and construction.

• Conducting investment and feasibility analyses (technical, financial, and legal).

• Applying valuation methods such as the income, cost, and market approaches.

• Managing risk factors including market, financing, and demand risk.

Who Should Attend

• Real estate development professionals

• Civil engineers, architects, and urban planners

• Valuation experts and consultants

• GYO (REIT) managers and real estate investors

• Bankers, financiers, and investment analysts

• Public officials in municipalities, TOKİ, and related agencies

Training Content

1. Real Estate Project Development Process (Day 1)

• Land and location selection: infrastructure, zoning, accessibility, environment

• Urban transformation and investment zones

• Planning and permitting: zoning laws, licenses, occupancy permits

• Market and demand analysis: demographics, income, competition, asset type demand

• Functional design and project optimization (mixed-use development)

• Time and resource planning: Gantt charts and critical path analysis

2. Project Financing and Feasibility Analysis (Day 2)

• Investment budgeting: land, construction, permits, financing, and sales

• Income and cash flow projections: pricing, leasing, sales, and revenue plans

• Financial performance metrics: NPV, IRR, payback period

• Funding models: equity, loans, GYO funding, profit-sharing, and partnership structures

• Sensitivity analysis: impact of price, cost, and interest rate fluctuations

3. Real Estate Project Valuation Methods (Day 3)

• Market Comparison Approach: adjustment factors, comparable project benchmarking

• Income (Development) Approach: capitalization of rental/sales income

• Cost Approach: land + construction – depreciation

• Revenue-sharing and land contribution valuation models

• Excel-based project simulation: cash flow modeling and result interpretation

4. Reporting, Legal Framework, and Case Studies (Day 4)

• Professional valuation report preparation and formatting

• Relevant legislation: Zoning Law, Urban Transformation Law, Title Deed Law, SPK standards

• Public and private sector applications (TOKİ, Emlak Konut, municipalities)

• International standards and FIDIC principles

• Case studies: residential, commercial, and mixed-use projects in Bursa

Certification and Administrative Information

• Certificates awarded for ≥80% attendance

• Certificates shipped via PTT Cargo

• Payments made online only (no installment options)

• Refunds may take up to 1 month due to administrative processes

Program Outcome

Upon completion, participants will be able to:

• Evaluate real estate projects from concept to delivery

• Conduct technical and financial feasibility analyses

• Prepare professional valuation reports

• Understand legal frameworks governing development and investment