The extensive growth of population has its toll on urbanization and haphazard growth in the morphology of the cityscape in the context of Kathmandu Valley. The growth of the city is portrayed in increasing real estate development projects which is a response to the chain of demand of the growing population. This paper presents the status of Real estate development practice in Kathmandu Valley with an explanation of the process of development and the analysis of every step of the process. The identified steps in the process are acquisition, planning, site development, procurement, quantity survey, finance, marketing, and sales/ rent.