IL Cazar Developments announces its success in achieving sales of EGP 500 mn in NORD project at New Alamein within only two months of the first offering of the project, Invest-Gate reports.

Nader Khozam, chairman of IL Cazar Developments, says that NORD project is located in New Alamein on 80 acres, overlooking the main lake with a width of 1,200 meters. Moreover, the project is located next to the presidential palace and governmental offices in the city, which are essential elements that achieve excellence for the project.

Khozam adds that the residential part of the project consists of 755 different units between standalone villas, duplexes, penthouses, and chalets with various spaces to meet the customers’ needs.

Moreover, the company rolls out flexible payment plans for up to seven years to be suitable for customers’ purchasing power. IL Cazar also plans to begin construction in October.

Khozam notes that the project includes commercial areas, a clubhouse, a gym, restaurants, and entertainment areas. Further, the company assigns the consultant Raef Fahmi to develop the project designs.

Furthermore, Khozam explains that the company has a strong marketing plan for the project. This plan depends on the gradual offering of units in parallel with the construction process in order to avoid a gap between the selling price and construction cost.