Based on a recent experience, a real estate project may not always involve all stakeholders thinking in the project's best interest, but having vested personal interests. To resolve this, one might follow a 3 step process: 1. Objective: To fulfil the project objective is the topmost priority 2. Negotiation: Never close a deal, based on a single proposal, always roll out tenders 3. Stakeholder consensus: Never take a decision basis go-ahead from single stakeholder. A good practice is to bring all key stakeholders (directors/authorised signatories) on a common platform and get to a consensus before taking a final decision Ultimately over-communication is the key to resolving these conflicts.

It started with a good storytelling technique for focusing what is the problem statement and how you plan to solve this problem. It would be involving various options and with different pros and cons to solve. You would know different stakeholders have their preference and their own understanding and you are building the case of various options to show what is the best for the organization.

1. Understand Stakeholders: Identify who they are and their key interests. 2. Engage Early: Build trust through consultation and active listening. 3. Balance Needs: Create a plan that addresses financial, social, and environmental priorities. 4. Communicate Clearly: Keep stakeholders informed and responsive to concerns. 5. Be Flexible: Adapt plans to changes while maintaining core goals. 6. Collaborate: Foster teamwork and resolve conflicts effectively. 7. Show Progress: Achieve milestones to build confidence. 8. Monitor and Adjust: Continuously evaluate and refine the approach.

To satisfy all stakeholders in a real estate project with opposing interests, prioritise open communication and frequent updates. Facilitate collaborative talks to better understand each stakeholder's requirements and concerns. Balancing these interests requires finding shared goals and making compromises. Use statistics and market analysis to back up your conclusions and demonstrate impartiality. Implement a flexible strategy that allows for changes as needed. Maintain a focus on long-term value and sustainability, ensuring that all stakeholders understand the benefits of their participation and collaboration.

In my experience, I believe the best negotiation strategy between two parties centers on clear communication, value alignment, and creating synergies. Our role is to facilitate decision-making by understanding each party's core objectives and finding the mutual benefits that bridge any gaps. Active listening is key; it reveals underlying motivations and uncovers opportunities for collaboration. By presenting solutions that address shared interests, we build trust and promote a sense of partnership. The ultimate goal is a balanced outcome that adds value to both sides, ensuring a sustainable and productive relationship.