Cornerstone Development has obtained ministerial approval for the development of its first home project in the New Administrative Capital (NAC), called “The Curve,” with work set to commence on-site by year-end, Invest-Gate reports.

Located in NAC’s R8 District, The Curve features a prime location in the vicinity of the Green River, Presidential Palace, among other landmarks, Cornerstone Development CEO Ashraf Boulos confirmed in a recent press release, highlighting that the developer intends for delivery before 2024.

The Curve encompasses several residential units that vary between 80 and 320 square meters, with all its properties being handed over with an 80% Flexi finish system, according to the CEO.

Boulos also pointed out that the integrated project includes various services and amenities, namely a commercial mall, an administrative building, in addition to other cultural, social, and sports activities.

“With a licensed capital of EGP 1 bn, Cornerstone is committed to providing luxury units with competitive prices and fully flexible payment plans,” he was quoted as saying, “We will hand over its units to customers with agreed specifications and delivery dates, as well as creating a homogeneous base of clients.”