adjective
- relating to or denoting an area of land that has not been built on or developed before
- relating to a new project or venture started from the beginning with no existing infrastructure or constraints
Usage: commonly used in business, urban planning, and real estate contexts
Usage: business and technology usage
noun
- an area of undeveloped land, typically in or near a city, that could be built on
Usage: urban planning and real estate term
Examples
- The developer purchased a greenfield site outside the city for a new shopping center.
- Greenfield investments in renewable energy are attracting significant capital.
- The company decided to build a greenfield factory rather than renovate an old facility.
- Protecting greenfield areas from urban sprawl is an environmental priority.
- Starting a greenfield project allowed the team to implement modern technology from the start.
- The government restricted development on greenfield land to preserve agricultural areas.