The company succeeds in selling half of the units of the first phase within only two days and is moving forward towards completing its plans to develop the remaining lands in the “Taj City” project.
Cairo : Madinet Nasr for Housing and Development (Egyptian stock code: MNHD.CA) – a leading real estate development company in Egypt, announced the successful launch of the first phase of its new project “Elect”, which is part of the “Tag City” project in New Cairo. Since the announcement of the launch of the new phase on July 26, 2022, the company has managed to sell 50% of the units to record sales of about 400 million pounds in just two days.
The units of the “Elect” project are located in three areas that include villas of various modern designs, with areas ranging between 145 and 265 square meters. The total area of the project is 167.2 thousand square meters and is nine meters higher than the rest of the Taj City units, so that the project has a charming view of the entire Taj City. The project also overlooks a group of picturesque landscapes of beautiful hills and is located near the “Taj City Sports Club”. The “Elect” project is scheduled to include water fountains, green spaces, and pedestrian and bicycle paths.
The company’s success in launching the “Elect” project comes within the framework of its plans to develop a portfolio of mixed-use lands in the “Taj City” project in New Cairo, which has a total area of 3.5 million square meters. The “Taj City” project is one of the prominent signs in the march of Madinet Nasr for Housing and Development, where the attractive design of the residential complexes combines the best facilities and the latest shopping methods, as well as the provision of modern lifestyles, all in harmony in vast areas of picturesque landscapes. By the end of the first quarter of 2022, no more than 43% of the land portfolio of the Taj City project has been launched, and the coming period will witness the best possible use of these lands in the construction of residential and commercial units with an attractive financial return in that distinguished strategic location.
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