Development corporation
organisation to foster urban development
A development corporation or development firm is an organisation established by a government for the purpose of urban development. They often are responsible for the development of new suburban areas or the redevelopment of existing ones.
Australia
In Australia development corporations are often responsible for the economic promotion and growth of areas considered to be under-performing economically. Such corporations include:
Central Coast Development Corporation (1998–); previously known as the Festival Development Corporation
Cooks Cove Development Corporation; based in The Rocks
Hunter Development Corporation (2007–); based in Newcastle
Honeysuckle Development Corporation (1992–2007; merged with the Regional Land Management Corporation to form the Hunter Development Corporation); based in Newcastle
Macquarie Point Development Corporation (2012–); based in Hobart, Tasmania
Northern Tasmania Development Corporation (2017-); North Eastern Tasmania, including Launceston.
South Sydney Development Corporation (1996–2005); responsible for managing the Green Square area
Denmark
Ørestad Development Corporation (1993–2007); responsible for urban redevelopment of Ørestad. It also constructed parts of the Copenhagen Metro.
India
City and Industrial Development Corporation (1970–); agency of the Government of Maharashtra. Constructed the planned town of Navi Mumbai. Currently conducting urban infrastructure and new town developments.
Housing and Urban Development Corporation (1970–); agency of the Ministry of Housing and Urban Poverty Alleviation.
The public source identifies “Development corporation” as organisation to foster urban development. This brief keeps that definition visible, then builds a research path around Development, corporation and organisation.
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The citation trail is more important than the brevity of the summary: it shows where individual claims can be examined in context. The source revision retrieved here is dated Mar 20, 2026. The linked authority identifier is Q5266682. None of the 0 selected statements returned an explicit reference. The first chronological checks are 1998, 2007, 1992 and 2012.
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This entry incorporates text from “Development corporation” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.