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| Eng. Alaa Fekry |
Beta Egypt celebrates the delivery of the 1st and 2nd phases of Beta Greens New Cairo in the Mostakbal City project
Beta Egypt for Urban Development, the leading real estate development company that owns a diverse portfolio of projects in West and East Cairo, announced the delivery of the 1st and 2nd phases of its project, Beta Greens New Cairo, in the Mostakbal City project in New Cairo, This came during a press conference held by Beta Egypt for Urban Development, inside the headquarters of the “Beta Greens New Cairo” project in Mostakbal City, in the presence of senior real estate sector developers, the media, and Beta Egypt clients.
The company has so far invested EGP 2 billion in the “Beta Greens New Cairo” project, and 100% of the construction works for the 1st and 2nd phases have been completed, and work is currently underway to implement the third phase of the project, said Eng. Alaa Fekry, Chairman and Managing Director of Beta Egypt for Urban Development.
It is expected that the project investments will exceed the barrier of 3 billion pounds, with the implementation of the commercial zone and services, due to the recent changes in the prices of building materials.
Eng. Alaa Fekry added that the company obtained conformity from the Urban Communities Authority for the units being delivered, and the company was keen to complete the units and deliver them to customers at the specified times and with specifications that exceed the contracted ones, within the framework of the “Beta Egypt” strategy that it has pursued over the course of 30 years, during which it was keen to provide Real estate products of the highest quality, taking into account the provision of a sustainable and happy life for its customers.
He added that the company was keen to accelerate the implementation rates of the “Beta Greens New Cairo” project and to follow precautionary policies in marketing the project in order to avoid disturbances and price increases in raw materials and project implementation inputs.
Referring to the keenness of “Beta Egypt” to seek the help of senior specialized offices to prepare market studies on the needs and requirements of customers and market trends, which always enables it to provide a distinguished product that is commensurate with the needs of customers and to follow well-studied marketing and pricing policies, and he stressed that hedging is the password for the developer’s success in light of the current situation. He pointed out that the company has completed marketing 75% of the total of the first and second phases, and about 80% of the third phase.
He pointed out that the company took into account the diversity of unit spaces in the project and keeping pace with the requirements of customers now, to include unit models with areas of up to 240 square meters, in addition to the family villas model.
The “Beta Greens New Cairo” project is located on an area of 25 acres, and it includes 672 housing units in addition to a villa neighborhood that includes 62 villas. It also includes a commercial area and a sports club on an area of 9000 meters, as well as a social club, a mosque, and a swimming pool. September 2019.
The volume of investments of Beta Egypt currently in the Egyptian market exceeds 4 billion pounds, and its authorized capital is 500 million pounds, and the paid-up capital is 115 million pounds.