The estimated total sales value of a completed real estate development.
Gross Development Value (GDV) is the estimated total commercial market value of a completed real estate or infrastructure development once construction is finished and units are sold or leased.
The total top-line revenue a developer expects to bring in from selling all the apartments, offices, or plots in a completed project at prevailing market prices.
A residential development with 200 luxury apartments, each averaging 2,000 sq ft, selling at ₹12,000 per sq ft. The total GDV of the project is ₹480 crore.
Saleable residential area: 500,000 sq ft. Achieved average sales price: ₹8,000 per sq ft. GDV = ₹400 crore. If total development cost is ₹280 crore, developer profit margin is ₹120 crore (30% on GDV).
Developers often model GDV based on peak launch prices without factoring in price concessions, broker incentives, or the time-value-of-money cost of carrying unsold inventory across multiple years.
GDV serves as the foundational top-line metric from which residual land values are derived: Max Land Price = GDV − Construction Costs − Soft Costs − Developer Target Margin.