Egypt-based Havana Real Estate Developments has celebrated the handover of its residential compound in west Cairo’s October Gardens, called “Havana Hills 1,” in the presence of the company’s management team and a crowd of its customers, Invest-Gate reports.

The move makes Havana Real Estate Developments stand as the first real estate developer to initiate deliveries in October Gardens’ Investors Area, according to the press release on October 19.

Currently, Havana Real Estate Developments is carrying out seven residential projects in 6th of October City, notably “Havana Twin” and four compounds as part of the Havana Hills series, on top of Kave 1 and 2, the statement noted. The developer also began work on its latest home project in October Gardens, named “Copen Gate.”

This comes in addition to the implementation of a residential buildings project, with investments exceeding EGP 450 mn. However, no more details were provided on this development, including project name, unit areas, and features.

On his part, Mohamed Wageh, the company’s chairman, confirmed, “Despite all the economic challenges that the entire world is going through, Havana Real Estate Developments has successfully installed water utilities at Havana Hills.”

“We also got in touch with the 6th Of October Investors Association to expedite the completion of electricity works. In fact, tenders have already been issued for the project’s electricity network this month,” Wageh further stated.