Next Home for Real Estate Development and Investment has achieved EGP 1.3bn in sales of its Next Point project since its inception last year, the company’s sales manager, Mostafa El Tounisy, said.
El Tounisy said in special statement that the company is launching the final phase of the project, which includes 1,000 units with various spaces in Maadi and East Cairo. The company plans to market this phase by the end of fourth quarter of this year.
He pointed out that the project is a 10-feddan residential compound comprising of 3,000 units with a payment plan of up to 10 years.
He further added that the project’s investment is worth EGP 1bn. The company intends to deliver the project within two years.
He further revealed that the company has completed marketing of Mountain Plaza project, which is located on an area of 3 feddan in Mokattam with a total of 700 units.
Mountain Plaza project’s investment amounted to EGP 500m and it is scheduled to begin its delivery within six months.
The company plans to expand in New Administrative Capital and North Coast with an expected area of 100 feddan.