2023-07-02 18:08:00
09:08 PM Sunday 02 July 2023
Books – Muhammad Abdel Nasser:
The Ministry of Housing, represented by the New Urban Communities Authority, announced offering two investment plots of land in the New October City to investors, with payment to be made in US dollars.
The first plot came in the area north of October Airport, south of Al Wahat Road, with an area of 73 acres, with an integrated urban community activity.
As for the second plot, west of October Airport, south of Al Wahat Road, in the new 6th of October City, with an area of 627.34 acres, with an integrated urban community activity.
The conditions for obtaining these lands are as follows:
– The project implementation period is 5 years, calculated from the date of issuance of the first ministerial decision approving planning and division.
– The payment mechanism is to complete the payment percentage up to 20% of the value of the land in US dollars from outside the country, which is 5% to be paid with the submission of the application in addition to 15% that the company is committed to paying within 60 days from the date of notification of the approval of the Board of Directors of the Authority on the allocation in addition to 1 administrative expenses and 0.5% of the Board of Trustees), provided that the final price approved by the main real estate committee is dealt with, and the rest of the land price is paid in 10 equal semi-annual installments in US dollars from outside the country.
– As for the second piece, the project implementation period is scheduled to be 8 years, calculated from the date of issuance of the first ministerial decision approving planning and division.
The payment mechanism is where the payment percentage is completed up to 10% of the value of the land in US dollars from outside the country, which is 5% to be paid with the submission of the application + 5% that the company is committed to paying within 60 days from the date of notification of the approval of the Board of Directors of the Authority on the allocation. In addition to 1 administrative expenses and 0.5% of the Board of Trustees, provided that the final price approved by the main real estate committee is dealt with, and the rest of the land price is paid in 16 equal semi-annual installments in US dollars from outside the country.
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