There is no standard vertical III n AX for real estate and property management. So you are right it will be a heavy customization project. With on AX dev, I don't think it will less than 15-18 months. We have done the same project for the largest real estate management company in Philippines and it took around 1year with a much bigger team of 4 dev and 5 domain experts. Beware that the requirements are really complex and such projects are subject to fail if enough skill set is put into the project from day1.
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