EGY MAPS launches its real estate electronic platform, which includes more than 50 real estate developers with a total of 100 diversified real estate projects located in the NAC, Invest-Gate reports.
Mohamed Hamza, EGY Maps Chairman, says that the platform offers unlimited content that enables real estate developers to download all marketing tools needed to display their projects.
The platform allows real estate companies exhibiting their projects to remotely communicate with potential clients and expand their reach regionally and globally. He adds, “The platform aims to cover the urban communities area in East Cairo within two years, and to cover the entire Republic of Egypt within five years.” He points out that the platform is transforming projects that are still under construction into a 3D interactive experience for an actual display and depicting their final outcome following their completion.
Ahmed Allam, EGY MAPS CEO, says, “The platform starts with the projects that are launched in the NAC as a first phase, and will include projects in New Alamein, New Mansoura, Mostakbal City with the rest across Egypt to follow soon.”
He notes that the platform provides innovative services for the first time in the local real estate market, offering unlimited content for developers and clients alike.
It is believed that the platform will allow the government in the future to know the implementation rates, project plans, and the best consultants and contractors available as per the measurement of implementation rates using modern technology.
For his part, Moustafa Mohsen, research and development consultant, says that about EGP 30 mn have been invested on the platform so far with plans to increase this value with more projects in the coming period.
Besides, the monthly target for clients’ visits to the platform reaches 100,000 visits per month, in addition to 70,000 new subscribers monthly, which is the target that the company plans to reach in record time especially with its plan to constantly add new projects to the platform.