Gross Development Value definition

Gross Development Value means the estimated market value (as determined by an Approved Valuer) of a proposed development that can be built on a given site assuming completion.
Gross Development Value means the estimated gross development value of the Project or phase(s) of the Project at that point of time. It is the figure that permits all the other considerations such as required profit, building costs, legal costs, site purchase cost and funding requirements to be weighed against, enabling analysis of the financial viability of the Project
Gross Development Value. Means the composite sum of development values as defined and determined in the Viability Appraisal and similar to that appended as the Sixth Schedule hereto.

Examples of Gross Development Value in a sentence

  • Residual value is the value of the completed development (known as the Gross Development Value or GDV) less the costs of undertaking the development.

  • Gross Development Value (“GDV”) is the amount the developer ultimately receives on completion or sale of the scheme, whether through open market sales alone or a combination of open market sales and the receipt from a RSL for completed affordable homes.

  • Policy C4 of the Rochdale Core Strategy and the associated Affordable Housing SPD require schemes of 15 or more dwellings to provide 15% of total site capacity for on-site affordable housing or 7.5% of the Gross Development Value (by virtue of offering a discount of 50% of average open market value).

  • The methodology assumes an additional planning obligations payment being made by the developer, albeit from the increased Gross Development Value sales receipts which results from having no affordable housing on-site.

  • Gross Development Value (“GDV”) is the amount the developer ultimately receives on completion or sale of the scheme, whether through open market sales alone or a combination of open market sales and the receipt from a RP for completing the affordable homes on the scheme.


More Definitions of Gross Development Value

Gross Development Value the aggregate Market Value of the Private Units within the Surplus Property Development
Gross Development Value means the Market Value of the Property assuming that Practical Completion has occurred and net of all related costs and adding back any deductions in the most recent Valuation made for void periods, leasing commissions and any form of tenant incentives (rent frees, capital contributions, discounted rents, etc.), to the extent such deductions are covered by corresponding available amounts under the Notes, in each case in line with the latest Budgeted Business Plan approved by the Noteholders prior to the Issue Date or by Noteholders’ Representative at that time after the Issue Date, in any case in compliance with guidelines from the Royal Institution of Chartered Surveyors.
Gross Development Value means, in relation to the individual units of semi- detached and detached factories to be erected on the Hi Tech Lands (“Hi Tech Units”), the price at which a Hi Tech Unit might reasonably be expected to be sold to a willing purchaser.
Gross Development Value means the estimated Market Value of the Development based on completed sales, detailed comparable evidence and on the assumption that the Development’s value will be assessed on the basis that the Development is fully built out
Gross Development Value means the estimated market value (as determined by an independent Approved Valuer) of a proposed development that can be built on a given site assuming completion and issuance of temporary occupation permit and certificate of statutory completion.
Gross Development Value means at any given time the figure set out alongside that heading in the then current Cashflow; Highways means roads, cycleways, footpaths, pavements, accessways, squares, courtyards, driveways, forecourts, entranceways and ancillary verges, landscaped areas, lighting, street furniture, drains, other utilities and associated works; HMRC means Her Majesty's Revenue & Customs; HS Act means the Health and Safety at Work etc. Act 1974; Individual means one or more individuals (not being a partnership, firm, trust, body corporate, government, governmental body, authority, agency or unincorporated body of persons or association) who intends or intend to occupy the relevant Dwelling for his, her or their sole or main residence; Information means:
Gross Development Value means the actual long leasehold or freehold capital receipt and independently confirmed estimated capital receipt of each Disposal of a New Dwelling together with all other actual sale proceeds capital payments and receipts paid to or received by the Owner or by others on their behalf after the date of this Agreement in respect of any Disposal (and in the case of a Deemed Disposal of a New Dwelling the Open Market Value) including in each case (but not limiting the generality of the foregoing) any income or receipt generated by the Owner from:‐