Which term refers to the preparation and development of infrastructure associated with a real estate project?

The term that describes the preparation and development of infrastructure associated with a real estate project is horizontal development. This aspect focuses on the overall layout and the essential infrastructure that supports a project, such as roads, utilities, and drainage systems, which are typically constructed across the land's surface before any vertical structures, like buildings, are erected. Horizontal development is crucial as it lays the groundwork for accessibility and the efficient functioning of the project.

In contrast, vertical development specifically refers to the construction of buildings and other structures that rise above the ground. Land use planning involves strategic decision-making regarding how land should be utilized and developed, encompassing zoning regulations and intended uses, but does not focus exclusively on the infrastructure itself. Site acquisition relates to the process of obtaining land for development rather than the preparation of infrastructure. Therefore, horizontal development is the best fit for the preparation and development aspect as it emphasizes the groundwork and essential services necessary for a project to succeed.