It's crucial to emphasize that the following figures are estimative and subject to change.

Regular budget reviews and updates are recommended throughout the project to ensure financial alignment with project progression and market dynamics.

Additionally, engaging with experienced project managers and financial advisors can provide more precise budgeting and cost management throughout the development.

Consultation Fees: Budget for hiring architects, engineers, and planners. This includes costs for initial consultations to discuss design and feasibility.

Feasibility Studies: Conduct studies to assess the viability of the proposed uses of the property in terms of local demand, zoning laws, and community impact.

Design and Architectural Plans: Develop detailed architectural plans and 3D models. This includes interior and exterior designs, and landscaping plans if applicable.

Permits and Legal Fees: Allocate funds for obtaining necessary building permits, compliance with local regulations, and any legal consultation required.

Structural Modifications: For changing the property layout, adding new floors, or reinforcing structures.

Electrical and Plumbing: Update or install new electrical wiring, plumbing systems, and HVAC systems.

Interior Finishing: Costs for flooring, painting, lighting fixtures, and installation of amenities in residential, commercial, and communal areas.

Exterior Work: Includes facade renovation, roofing, and outdoor spaces like parking, landscaping, and accessibility features.

Specialized Construction: Tailoring spaces to their specific use - e.g., soundproofing for performance areas, or lab facilities for educational spaces.

Sustainable Materials and Technologies: Investment in eco-friendly building materials, solar panels, or energy-efficient systems.

Branding and Marketing: Creating a brand identity, digital marketing campaigns, brochures, and signage. Includes the cost of hiring marketing professionals or agencies.

Operational Expenses: Initial setup costs for utilities, insurance, staffing for management, and maintenance teams.

Equipment and Software: Purchasing office equipment, property management software, and other technology needed for operations.

Unforeseen Expenses: Covers unexpected costs arising from construction challenges, delays, or changes in project scope.

Market Fluctuations: Accounts for changes in material costs or labor rates.

Regulatory Changes: Funds to address any new compliance requirements that may arise during the project timeline.

Summarize all individual components to reach a total estimated budget.

This wide range reflects the variability in property size, location, renovation complexity, and market conditions.