What does "subdivision" refer to in real estate development?

In real estate development, "subdivision" refers to the process of dividing a larger parcel of land into smaller lots that can be sold individually or developed separately. This is a fundamental aspect of real estate as it allows for the organized development of residential or commercial projects. When land is subdivided, it typically involves creating new property lines and may require approval from local authorities to ensure that the development complies with zoning laws, land use regulations, and community planning requirements.

This definition captures the essence of what subdivision means in the context of real estate, distinguishing it from other concepts such as construction, legal agreements, or renovation. Each of those other options pertains to different facets of real estate but does not capture the specific activity of subdividing land into smaller parcels for sale or development.