Al Karma for Real Estate Investment aims to build 10 projects in New Cairo on an area of 10,000 square meters at a total cost of EGP 140 million, Al Mal reported.
The projects will built in El Lotus, near the American University in Cairo New Cairo campus, Andalus, and Qoronfel. The units are set to be delivered in 2017, according to the company’s chairman Ahmed Mostafa Chairman. Around 40% of the project has been completed, including 140 residential units with floorplans ranging from 103 to 325 square meters.
The company also aims to provide a range of facilities and various payment methods to suit different types of buyers.