Posted on: Tuesday 20 September 2022 – 19:23 | Last update: Tuesday 20 September 2022 – 19:30
Sherif Mostafa, Managing Director of the company: exceptional offers and facilities during the exhibition, from 5% down payment and installments up to 9 years
The launch of implementation works worth 3.5 billion pounds, delivering 1,300 units by the end of this year
IGI Developments, the leading real estate developer in the implementation of integrated and luxury residential communities, announced its participation in the Cityscape Egypt exhibition from September 21 to 24, with the largest portfolio of luxury housing units with investments of 22 billion pounds.
IGI Developments offers exceptional offers and facilities during the exhibition, starting with a 5% down payment and installments up to 9 years, and new and innovative products will be presented to the market with areas from 50 meters.
The prices of IGI Developments projects start from one million pounds per unit, and through the offered offer, the client can get a unit with a down payment starting from 50,000 pounds, and the client can also get a 3-bedroom unit at ‘ a prize of 1.5 million pounds and installments over 8 years.
Eng Sherif Mostafa, Managing Director of IGI Developments, said that the company’s experiences in the market are nothing but an extension of the experience and history of IGI, which has gone through various industries and left an imprint in the eighty years since its inception.
He added that since 2020, IGI Developments has adopted a new policy that keeps pace with the changes in the sector and the company’s constant ambition to maintain its leadership in the market, being one of the first real estate development companies to adopt the idea has. from the establishment of residential compounds, in 1995 in the Gardenia Park project and the Ashgar neighborhood in 1997, its background, which dates back to 1942, has played a major role in winning customer trust and since its inception under the major developers of the real estate sector.
He emphasized that the successful policy of IGI Developments during the past two years has contributed to sales in 2022 being equivalent to 3 times the sales of 2021 for the same period, as well as the company’s sales in the past four years for the same period.
In terms of after-sales services, the company works to provide the highest level of services through the Customer Service Department, which cooperates with 10 specialized service companies to provide our clients with the highest quality management and maintenance services for our projects.
He explained that the “Al-Ashgar neighborhood” project is an example of the company’s zeal to develop its projects implemented and delivered and to provide high-quality services therein that guarantee clients to maintain the value of their units and an added value for the project. Such as landscaping, roads and project lighting, and increasing the efficiency of buildings. The plan includes areas for children’s games and the provision of light foods. Currently, preparations are being made around the project’s gates and the surrounding fence, in addition to some renovations in the commercial area.
He emphasized that the company is keen to rent shops with all its projects, to maintain quality and provide the best services.
He added that “IGI Developments” has focused on appointing a greater number of contracting companies with a business value of 3.5 billion pounds in the company’s various projects to speed up the implementation rates of projects, and these works will be completed within two years to be completed, which ensures the delivery of the largest number of units to customers in record time. These companies work together with one of the sister companies of “IGI Developments”, which is the “Ginza Contracting” company, which has a great business precedent, where it has implemented projects; Including “Nile University” and the annex of the children’s department at “57357 Hospital”, “Microsoft” building, “Egyptian Post” in the Smart Village, and “Cairo International Airport Mall”.
Currently, the population of IGI Developments projects is 30,000 people, equivalent to about 6,000 families. After completion of the delivery of units in all projects, the number of families will reach 12,000 families, or nearly 60,000 people.
Engineer Sherif Mostafa said that the total number of units delivered in the Ashgar City project is 2,000 units, and the company aims to deliver 1,000 new units by the end of 2022, as 600 units have been delivered this year, and more 400 units will be delivered by the end of the year.
As for the company’s other projects during 2022, around 300 units will be delivered by the end of this year.
Ashgar City is characterized by its strategic location near all the main axes and roads in the region, such as Al-Wahat Road, the Ring Road, Fayoum Road and Dahshur Road, and it covers an area of 148 hectares.
Engineer Sherif Mostafa said that Ashgar Heights includes several spaces for villas, and the remaining are a limited number of them, with an area of 300 meters, at competitive prices from 5 million pounds and installments for 8 years.
He added that the company will also introduce new products in the “Ashgar Heights” project with apartment areas from 50 meters, consisting of studio, one, two and three-room apartments, with an area from 80 to 170 meters, and installments up to 9 years, in accordance with the needs and requirements of customers. A total of 600 units are being marketed between apartments and villas in Ashgar Heights.
“The Neighborhood of Trees”
Hay Al Ashgar is the best-known community for IGI Developments, since its launch in 1997, and approximately 3,500 residential units have been delivered and occupied in the project, including apartments, villas and townhouses.
Finally, the latest stage of the Ashgar neighborhood was launched last May under the name “Jada”, and new units will be launched from them due to the unprecedented demand it has achieved. The spaces at this stage vary between 140 and 200 square meters, with prices starting at 2 million pounds, and installments of 8 years and delivery between one and two years, depending on the unit.
He explained that the company is currently implementing integrated services in its projects, starting with Ashgar Heights, which consists of a building that includes commercial and administrative units and clinics on a building area of 5,000 square meters, as well as three buildings that commercial offers and administrative units and clinics in the Ashgar area, one of them within the Jada stage on building areas of 1800 meters and 2500 meters and 2300 meters.
The managing director of IGI Developments revealed the company’s intention to launch a giant project in the new city of Sphinx on an area of 540 hectares, and is also studying various investment opportunities to develop lands in the North Coast.
Regarding the application of sustainability standards and taking into account the environmental dimension, Mustafa said: The company is already implementing a water treatment plant to recover sewage water and use it in irrigation works, as well as studying the use of solar energy in some projects.