‘Real Estate Investment’ to Join Social Housing Through Investment Companies, Sixth of October City

‘Real Estate Investment’ to Join Social Housing Through Investment Companies, Sixth of October City

Minister of Housing, Utilities and Urban Communities Mostafa Madbouly held a meeting with the  Chamber of Commerce’s Real Estate Investment department to discuss their involvement in Sixth of October City’s Social Housing project, Invest-Gate reports.

The lands that have been promised to investors in Sixth of October City will be included in the social housing project by a presidential decree, Madbouly announced in the meeting.

According to a statement, cabinet had previously agreed to allocate 50 acres and a maximum of 100 acres for each developer to build their average housing project. This would be on a condition to construct social housing units with full finishing following the same specifications currently provided by the Ministry of Housing, Utilities and Urban Communities, on an area representing 30% of space assigned for the average housing project.

Login

Welcome! Login in to your account

Remember meLost your password?

Don't have account. Register

Lost Password

Register