What is Undeveloped Land?
Undeveloped land refers to parcels of real estate that have not been built upon or improved for specific uses such as residential, commercial, or agricultural purposes. It remains in its natural state without infrastructure like roads, utilities, or buildings. For real estate investors, undeveloped land offers significant advantages including flexible development opportunities, potential for high appreciation, and the ability to tailor projects to market demand. It also provides a way to diversify portfolios with long-term growth prospects.