12:05 p.m
Thursday, January 26, 2023
Editorial announcement:
Within the framework of the final preparations for the start of the delivery of the first phase of the “The City” project, Master Group Real Estate Development Company signed a cooperation protocol with Mimar Company to implement the landscape works for the entire project, and to complete the delivery of the basic utilities of the units, including gas, sewage and water, and the completion of the electricity connection works, In preparation for the start of delivery to customers of the first phase during the current quarter of 2023.
Mustafa Lashin, Vice Chairman of the Board of Directors of the Master Group Real Estate Development Company, revealed, in an official statement, the volume of construction of The City project and its executive position with the approaching date of the first phase deliveries, that work on the ground is progressing at good rates, according to the implementation timetables. , and agreed upon with the Administrative Capital Company, to bring the project to record construction rates despite the critical conditions that the market is going through now from a lack of basic inputs for construction, but the company was keen to provide all inputs firsthand so that work on the project land would not stop, out of concern for it To implement the targeted constructions, according to the timeline agreed upon with the clients.
Lashin stressed that the continuous and serious work on the land of the project, which is built on an area of 54 acres, is what made us reach record building rates, which proves the seriousness and commitment of the company with its customers, and its keenness to complete the “The City” project, according to the highest standards of quality and safety and the provision of all distinctive services. Which makes the project their first choice, as a result of several basic factors that were taken into account in the engineering and architectural designs, services, and entertainment venues within the project;
Pointing out that the company was also keen to contract with Moharram Bakhoum, one of the largest engineering consulting companies in Egypt and the Middle East, to supervise the implementation of the engineering and construction works for the entire project, in accordance with the highest international standards in construction and building.
He added that The City project has an investment volume of EGP 7 billion, and the project was designed by major international engineering companies in London in a modern, harmonious manner that reflects a life of luxury, with the best facade design and the highest safety standards. 198 meters, and for duplexes, the spaces start from 217 meters to 396 meters, in addition to providing all recreational services, and distributing them in a distinctive way, including a children’s play area, an area dedicated to practicing yoga and reading, a swimming pool, and various green spaces, which intelligently distributes the population density and other services of the social club. And the integrated commercial area of shops, restaurants and cafes, medical clinics, and the amusement park area in The City Mall, which is located on top of the project.
Lashin indicated that among the privileges of the project is the percentage of green spaces from the landscape and services, which amounts to about 80% of the total area of the entire project, in addition to the percentage of loading on residential units, which ranges from 8% to 12%, which is the lowest percentage of loading currently present in the projects. in the new administrative capital.
The Vice-Chairman of the Board of Directors explained that Master Company has developed new plans and strategies for the company’s work after extensive study and research of the market to enhance competition and confidence among customers and interest in the real estate product provided to the customer, and to achieve the maximum possible benefit for it during the coming period in line with its strength and ability through which the company was able to achieve rates Great implementation of the project in record time, and start preparing for new projects in very distinctive areas to present a new real estate product that reflects the company’s strength in the Egyptian market and creates a boom in the quality of services provided to customers, which directly benefits the investor and the end user of the real estate unit, which will be a surprise to the Egyptian market.
