Training Information

• Training Method: Face-to-Face (Formal) Training
• Training Date: It will be scheduled when a sufficient number of pre-applications is reached.
• Training Duration: 24 Hours (4 Days * 6 Hours)
• Training Location: Bursa Uludağ University Görükle Campus 
• Training Process: A WhatsApp group will be created close to the training date and all announcements will be made there.
• Quota: Minimum 20, maximum 30 participants. If a minimum number of participants is reached in 80 provinces outside Bursa, face-to-face training will be planned in your province. Training is not held under 20 participants; fees will be refunded. A new group will be formed for applications exceeding 30.
• Certificate of Participation: Issued with at least 80% attendance.

Important Information

This training has been organized to improve professional development and increase knowledge of individuals who meet the qualifications specified in the link below, announced by the Department of Expertise, provided that they have at least 5 years of practical experience in their field.

The certificate obtained at the end of the training cannot be used as proof of the requirement of 5 years of practical experience in this field.

Sub-Expertise Qualifications

Purpose of the Training

The purpose of the Real Estate Project Development and Project Valuation Training is to examine all stages of real estate projects from the idea phase to investment decision, from implementation to valuation and risk analysis from scientific, financial, and technical perspectives.

Who Can Participate

• Real estate development specialists
• Civil engineers, urban planners, architects
• Valuation experts
• REIT (Real Estate Investment Trust) managers
• Bankers, finance professionals, investment advisors
• Employees working in municipalities and institutions such as TOKİ

Training Content

1. Real Estate Project Development Process (Day 1)

• Land and Location Selection
• Transportation, zoning status, infrastructure, environmental factors
• Potential investment areas and urban transformation zones
• Legislation and Licensing Processes
• Zoning plans, building permits, occupancy permits
• Plan notes, construction conditions, parking, floor area ratio calculations
• Market and Demand Analysis
• Demographics, income level, competition analysis
• Demand structure for housing, office, mall, industrial functions, etc.
• Project Design and Functional Distribution
• Balancing residential and office functions
• Square meter optimization in mixed-use projects
• Planning and Time Management
• Project schedules (Gantt chart)
• Critical path analysis and resource planning

2. Project Financing and Feasibility Analysis (Day 2)

• Investment Budget and Cost Analysis
• Land cost, construction cost, permits and fees
• Financing expenses, marketing, sales and general expenses
• Revenue and Cash Flow Projections
• Sales price estimation, rental values
• Collection plan, payment terms, discount campaigns
• Profitability Analyses
• Net Present Value (NPV)
• Internal Rate of Return (IRR)
• Payback period
• Financing Sources and Models
• Equity vs. bank loan vs. project partnership
• REIT funding, revenue sharing, land-for-share models
• Sensitivity Analyses
• Impact of changes in price, cost, interest rates
• Worst-case / best-case scenario calculations

3. Real Estate Project Valuation Methods (Day 3)

• Market Comparison (Comparable) Approach
• Comparison with similar projects
• Adjustment coefficients: location, quality, time differences
• Income Approach (Development Approach)
• Present value of rental / sales income
• Cost + target profit approach in development projects
• Cost Approach
• Land value + construction cost – depreciation
• Valuation of incomplete construction
• Valuation of Revenue Sharing & Land-for-Share Models
• Value of independent units allocated to landowners
• Contractor profit and cost comparison
• Development Project Simulation
• Sample project valuation using Excel
• Periodic cash flow table and interpretation

4. Reporting, Legal Processes and Applications (Day 4)

• Techniques for Preparing Project Valuation Reports
• Required contents of the report
• Reporting supported by charts, tables, and scenarios
• Legal and Administrative Legislation
• Zoning Law, Urban Transformation Law, Land Registry legislation
• REIT and Capital Markets Board regulations
• Public and Private Sector Practices
• TOKİ, Emlak Konut, municipalities
• Consultancy and investor reports in private sector projects
• International Approaches and FIDIC Principles
• FIDIC contracts, investor agreements
• Presentation formats for foreign investors
• Practical Case Studies
• Sample housing project in Bursa
• Feasibility analysis of a shopping mall or mixed-use project
• Sample land-for-share scenario solution

Learning Outcomes

• Teaching the Project Development Process: Understanding all steps from land selection to licensing, feasibility to construction.
• Ability to Conduct Investment and Feasibility Analysis: Evaluating projects through technical, financial, and legal feasibility analysis.
• Applying Real Estate Valuation Methods: Using income, cost, and market approaches specifically for projects.
• Managing Risk Analysis and Decision Processes: Analyzing risks such as market, financing, and demand risks to make sound investment decisions.

Important Notice

• A Certificate of Participation is given to those with at least 80% attendance.
• Certificates are sent via PTT Cargo after the training.Address and contact information must be up to date.
• For all questions: usem@uludag.edu.tr
• Payment is accepted only online.
• No installment payment by credit card.
• For corporate invoices: 0850 840 8543

Attention: In case of cancellation due to valid reasons after final registration, refunds may take approximately 1 month due to administrative procedures. Please consider this before registering.