Better House Developments is prioritizing construction speeds across its highest-quality projects, viewing it as key to offset inflation pressures, Mina Andraos, Vice Chairman of the Company’s Board of Directors said, Invest-Gate Reports.
Inflated raw materials are pushing up building costs but focusing on execution prevents a gap forming between outlays and selling prices, Andraos said. Better House has delivered strong output gains in the past 18 months on its Galala and New Capital developments.
Some 70% of the sea-view Vedala project in Galala is now complete. Located 750 m above sea level, it offers a unique climate and has the Middle East’s largest natural energy therapy center. Renewables and sustainability underpin the scheme.
Vidala, a 56-acre residential and tourism venture, occupies a premier Galala location. Units come in multiple sizes.
Sky Capital in New Capital’s R7 District has finished apart from its final touches ahead of year-end deliveries. So too is Sky View in the R8 District.
Sky Capital contains homes on 14 acres near the Embassy District and Russian University. Built-out amounts to less than 20% of land to respect nature.
Andraos credited government real estate backing, financial strength, and flexible plans to allow work to continue despite challenges. Focus on quality is critical to navigating higher costs, she said.