VAI Developments launches second and final phase of 4TI project, the second and final phase of 4T1 project at New Administrative Capital (NAC) comprising 160 units with various payment plans that will be offered for the first time in the New Capita, Invest-Gate reports.
Shehab Al-Mahdi, CEO of VAI Developments, says that the successive developments in real estate market and property price hikes require companies to provide non-traditional and flexible solutions commensurate with current purchasing power of customers, confirming the company’s commitment and credibility in delivery dates.
The company has initiated unconventional and distinct payment plans in the final phase of the 4T1 tower, which will suit the target customers and enable them to invest whatever the amount of liquidity they have.
VAI Developments offers units with the concept of fractional property ownership, which is an idea based on the participation of more than one customer in the same unit with separate contracts and a maximum of 4 customers per unit, so that two, three or 4 customers can participate in the purchase of the same unit, he elaborated.
The company offers various and flexible payment plans commensurate with the target customers, with the possibility of paying a down payment then the first installment after receipt.
The final phase of the project is situated in a prime location over 2,800 sqm and encompasses serviced apartments in the seventh, eighth, ninth and tenth floors, which are fully finished and furnished with spaces ranging between 60-190 sqm.
It is worth noting that the 4T1 project is the company’s second project in the New Capital, and it is located on 2,600 sqm in the Downtown area, next to main monorail station and minutes away from Egypt Mosque, gold market, oil and pharmaceutical companies.
The tower is an administrative commercial project, and the company has contracted with Arabella Plaza to operate the commercial part of the project.
Further, the project comprises hotel serviced apartments that is managed by Concorde El Salam hotel, and the excavation work has begun in the project.
