Impact on Appraised Value

Phased or multi-use development often increases the overall appraised value by maximizing land utilization and reducing development risk over time.

• Allows for early revenue generation while later phases are under planning
  
• Increases market appeal by targeting multiple buyer or tenant segments
  
• Supports higher land absorption and better long-term return on investment

Risk and Cash Flow Adjustments

Appraisers account for the timing of cash flows and the risk associated with each development stage. Earlier phases may carry less risk, while future phases are discounted more heavily.

• Appraisal may apply varied discount rates across phases to reflect uncertainty
  
• Income streams from later phases are valued lower due to time and risk factors
  
• Infrastructure costs are allocated based on development timing and use type

Marketability and Buyer Appeal

Multi-use layouts (e.g., combining warehousing, manufacturing, and commercial support) can attract broader interest, especially from investors or park developers.

• Enhances flexibility and liquidity of the asset
  
• Allows tailored marketing to different user groups (e.g., MSMEs, 3PLs, exporters)
  
• Increases resale and leasing potential in evolving industrial corridors