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Development roadmap
Progressing from vision to opening and exit as project conditions are satisfied.
Stages of development
| Stage | Conditions |
|---|---|
| Concept and development approach | Define the target region, development direction, rights structure, uses of funds, progress management and risk approach. |
| Project and legal structure | Review the location, rights, entities, permits, budget, programme, contractors, operator, fund management, offering terms and exit. |
| Development after conditions are met | Proceed with issuance and development after the necessary conditions are satisfied, recording and reporting the programme, budget, changes and expenditure. |
| Opening, operations and exit | Review inspections, permissions and opening conditions. Base distribution, sale and settlement decisions on actual operations and necessary reserves. |
Terms defined for each project
- Location, land rights, scope, issuer, jurisdiction, eligible investors and required permissions.
- Development budget, valuation of land and other contributions, sponsor capital, subscription amount, debt, contingency, cost allocation and currencies.
- Design, construction, programme, progress reviewers, fund managers, milestone payments, retention and warranties.
- Procedures for delay, cost overruns, additional capital, cancellation, refunds where initial conditions are not met, and recovery on contract termination.
- Operator, opening conditions, distinction between income and return of capital, distribution frequency, duration, sale, extension and transfer terms.
MARAVION Realty Token · 2026.10.28