Gross Development Value (GDV) is the property value calculated throughout the project completion stages. It helps monitor the anticipated value of the property after development.
It is a performance metric of the property price appraisal that determines the total value of the property in contrast to the existing properties in the same area. It should be calculated during the development and appraisal, budgeting, funding, pre-commencement, and construction stages of property development and renovation.