Egypt’s real estate developer New Plan Developments held a lavish event on August 14 to celebrate the official launch of its first project in the New Administrative Capital, Serrano, at JW Marriott Hotel Cairo, Invest-Gate reports.
The event featured the legendary Omar Khairat, electric oud player Mostafa Ghazal, Reda Sax, and violinist Azmy Magdy Azmy, all to remarkably launch the new project.
“Due to the fact that 50% of the project’s units were already sold out in less than a month, [New Plan Developments] decided to host this launch event, which is certainly successful. Serrano comprises all the necessary factors that would make it a rewarding project,” New Plan Developments CEO Waleed Mosaad Khalil tells Invest-Gate.
Serrano is set to be a gated modern community with unlimited privacy, absolute serenity, and unrivaled lifestyle within a breathtaking lush landscape representing 80% of the project’s total area, Khalil notes.
Located at the R7 site in the new capital, Serrano will comprise amenities that cater to the clients’ various needs, including a shopping mall, a kids area, water features, running and walking tracks, top-notch fine dining restaurants, as well as, a gym, a library, and a spa, according to the CEO.
The new capital project offers units ranging in size from 135 to 327 square meters, with varying modules and modern design concepts that endeavor to complement the clients’ sensibilities.
Interested buyers will benefit from Serrano’s eight-year installment plan and 15% down payment, with prices starting from EGP 8,000 per meter.