Hometown Developments reviews its list of achievements during 2021, showing the company’s progress in all its running projects and its activities over the year, Invest-Gate reports.

In 2021, the company focused on accelerating the implementation rates of all its projects, in order to fulfill its contracts with clients and maintain its credibility in the real estate market.

Diaa El-Din Farag, Chairman of Hometown Developments, states that the company succeeded in raising the rates of implementation by “Zaha Park” and “Lafayette” projects in the New Administrative Capital, as part of the company’s plan to fulfill its contracts with clients, and to maintain the agreed implementation rates with “Administrative Capital” for Urban Development Company.

Farag adds that the company has a plan to speed up the rates of implementation in its projects, especially with the start of the transfer of government district employees to the new administrative capital, which is one of the driving elements for the speed of implementation according to the specified timetables to benefit from the high occupancy rate and the transition of life to the administrative capital.

He further notes that the company contracted with DMA as an engineering consultant for “Lafayette” project in the New Administrative Capital, which is the largest commercial and entertainment resort in the Downtown area of ​​the New Administrative Capital, and is located on an area of ​​43,000 sqm.

According to Farag, the project’s implementation rates have been raised to be one of the first delivered projects in the MU23 district to clients, which reflects the company’s seriousness and commitment.

Additionally, the real estate developer has contracted with Hassan Allam property Management to manage “Lafayette” and “Zaha Park” projects in the MU23 area of ​​the New Administrative Capital, as part of the company’s plan to establish strategic partnerships with companies with great experience.

In March 2021, the company launched “The Village” project, in Downtown district, which is the first commercial building dedicated to restaurants and cafes in the Downtown of ​​the Administrative Capital, and is located directly in front of the “Al MASA” Hotel. The project includes the largest cinema complex with a total of 10 halls with global designs and specifications accommodating 1,000 persons.

In June, the company contracted with ECS to implement the electromechanical works for the “Zaha Park” project in the New Administrative Capital, with cost 130 million pounds. And last July, the company launched its fourth project in the New Administrative Capital, the “UDORA” project, which is a commercial mall located on an area of ​​3.4 acres in the Downtown district.

Furthermore, Hometown Developments succeeded in completing the marketing of the first and second phases of the project in record time, as it is a project that meets all the needs of clients and was presented with various and distinguished payment systems.

As regards activities, the company participated in a number of real estate events during the past year, including Al-Ahram Aqari Real Estate Exhibition and Cityscape Exhibition, in order to communicate directly with its clients and market their projects, and to learn about market trends and competition.