Land Plots in New Cities to be Offered through Lottery Starting 17 November

Sunday, 13th November 2016

Land plots for luxury housing projects in the New Cities will be offered through a series of public lotteries starting on Thursday, November 17, according to Mostafa Madbouly, Minister of Housing, Utilities, and Urban Communities, Al Borsa reported on Friday.

The land plots will be offered for applicants who were previously unable to reserve lands, and are located in 6th of October City, Sadat City, New Borg El Arab, 10th of Ramadan City, Badr City, New Aswan City, New Beni Suef and New Sohag, according to Tarek El Sebaey, Supervisor of the Commercial and Real Estate Sectors at the New Urban Communities Authority (NUCA).

Applicants who have payed a fee and registered will be allowed to enter the lottery. Applicants who are unable to buy land plots at auction will be refunded their fee at the branch of the Housing & Development Bank in which the payment was made, starting from December 4.

The results of the public lottery will be announced later on the New Urban Communities Authority’s website.

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