IL Cazar Developments records EGP 500m in sales of NORD New Alamein project within two months

IL Cazar Developments announced its success in achieving sales of EGP 500m in NORD project at New Alamein within only two months of the first offering of the project. This reflects the confidence that the company enjoys and the distinctiveness of its offered product.

Nader Khozam, Chairman of IL Cazar Developments, said that NORD project is located in New Alamein on 80 acres, overlooking the main lake with a width of 1,200 meters . Moreover, the project is located next to the presidential palace and governmental offices in the city, which are essential elements that achieve excellence for the project. He added, “Privileged location is one of the most important features for the success of any project.”

Khozam added that the residential part of the project consists of 755 different units between standalone villas, duplexes, penthouses, and chalets with various spaces to meet the needs of a large segment of customers and is appropriate for market changes that take into account construction costs.

He pointed out that the company provides flexible payment plans suitable to customer’s purchasing power. IL Cazar Developments plans to begin construction next October, and it will offer payment plans up to 7 years.

He noted that the project includes commercial areas, a clubhouse, a gym, restaurants, and entertainment areas, and added that the company has assigned the consultant Raef Fahmi to develop the project designs.

He elaborated, disclosed that NORD project includes all the elements of greatness that suit target customers.
He explained that his company is one of the first to develop a project in New Alamein, which is one of the smart and sustainable fourth-generation cities and is planned to be a global city in Egypt.

“The company plans to develop a distinctive, smart, and sustainable project appropriate for New Alamein,” he said. Furthermore, the company has a strong marketing plan for the project that depends on the gradual offering of units in parallel with the construction process in order to avoid a gap between selling price and construction cost, which means conducting continuous market studies and accurate pricing that achieves a balance between interests of the company and customer and market changes.”

He conducted that strong and continued demand for real estate by various segments as a safe haven for investment achieves strong returns for customers, as well as the strength of real estate in facing global and local economic challenges, supports the high demand for it.