A pre-arranged offering that combines the purchase of a residential building and the plot of land it occupies within the specified geographical region. This bundled arrangement provides a simplified pathway to homeownership, contrasting with the separate processes of acquiring land and contracting for construction.
This option offers numerous advantages, including potential cost savings through combined financing, streamlined project management with a single point of contact, and access to newly developed communities with modern infrastructure. Historically, these have been instrumental in facilitating suburban expansion and providing affordable housing options to growing populations.