This paper describes the real estate development projects and its management from investor's point of view, explaining why the management of such a complicated business in competitive environment needs smart solutions Authors have chosen few of managing tools that help private developers to drive successfully their projects. The paper discuss organization chart of project team, basic division of project timeline into detailed stages, role of relatively new members like foreign architect and external construction manager. Authors are employed in one of the biggest central European development company and they share experience from different projects in Slovakia and Czech Republic.