Consultant Eng.Bahgat Sabry Constructa Development Chairman, praised the necessity of the decision concerning not to announce any real estate projects to citizens until implementing 30% of them, adding that the specified land development laws of the New Urban Communities Authority witnessed a major transformation during the previous years, and the control over them became tight dealing decisively with non-serious projects, as well as the case in the Administrative Capital.
He explained that this trend restores balance to the market and organizes it in the required manner so that only professional, serious and solvent companies that guarantee the profitability of investors will continue.
He also explained that this decision will contribute significantly to ensure the citizens’ rights who wish to own units, without any problems and ensures the credibility of the project, pointing that these decisions are actually applied in many countries to reduce risks and protect the market, whether individuals or banks, as implementation works are the guarantee for the developer’s seriousness.
Constructa is one of the first companies to invest in the Administrative Capital with one of the most important commercial projects, which is “The Walk Mall”, that is a commercial – administrative – medical mall located in MU-23, between R2 and R3, which regarded as the best densely populated residential areas with high population rate, which reaches 250 thousand people.
The area on which the project is located is only 10 minutes away from the Fifth Settlement and the Suez Road, 200 meters from the Green River area, near the business district, the Smart Village, the Knowledge Village, and the Mohammed bin Zayed axis.
The Walk offers its clients a set of unique services, starting with the central park, to the buildings that reflect the modern lifestyle and blend with nature, to the multi-purpose hall, the VIP hall, digital displays, theaters, and all other activities. And the commercial part consists of the ground, first and second floors, while the third to the eighth floor include the administrative and medical part.
Eng. Bahgat Sabri showed that “The Walk” provides solutions for mediate and small enterprises, as it is considered one of the essential joints to achieve economic growth. He also announced the presence of international brands and high-level brands in the mall to achieve balance between profitable investment and an enjoyable experience.
Constructa has acquired a prominent position in the field of real estate development and project management since the beginning of its activity in the Egyptian market in 2011 by delivering a series of successful projects in new cities and then investing in commercial projects in the Administrative Capital.
Perhaps one of the most important factors that contributed to placing Constructa in the forefront is the extensive specified experience of the company’s leaders.
Work is underway in The Walk Mall in terms of implementation work and obtaining usufruct rights for local and international brands to offer leased commercial units that generate a guaranteed return.