A feasibility study is an in-depth analysis carried out to ascertain the most viable economic activity that can be carried out on a piece of land within given legal, economic and financial constraints. In simple words, it’s a study undertaken to advise you what alternative uses you can put your property into, at what costs, possible profits and within what time frame. Real estate feasibility studies if used correctly could be the one thing that you need to achieve your dreams in real estate. It is a very important study because amongst other things:-