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.
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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.
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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:
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Examples of Gross Development Value in a sentence

  • The following Property Covenants apply: Loan to Gross Development Value: the Loan must not exceed 10% of Gross Development Value on each Valuation Date.

  • Prospective purchasers please note that the commuted sum payable (see third schedule) is 10% of the Gross Development Value as confirmed in the confirmation of valuation to be paid on the date of disposal of the dwelling to be built on the land.

  • Gross Development Value: the projected market value of the Property on completion evidenced by the most recent valuation addressed to the Bank, from a valuer acceptable to the Bank.

  • The Gross Development Value for the project is approximately RM1 billion and at this juncture, the development is still at its early stage of planning.

  • The projected Gross Development Value (GDV) for this land is estimated at RM12bn, which will encompass a comprehensive and sustainable township.


More Definitions of Gross Development Value

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.
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Gross Development Value means the value of the Property assuming the development of the Property has been completed in accordance with the development programme delivered to BGSL under the conditions precedent listed in the Facility Letter.
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Gross Development Value the aggregate Market Value of the Private Units
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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
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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.
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Gross Development Value means the estimated gross development value of the
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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:‐
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