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New Plan Begins Constructing Serrano Project in NAC

New Plan Begins Constructing Serrano Project in NAC
New Plan Developments has begun constructing its very first project in the New Administrative Capital (NAC), Serrano – an integrated residential compound to be developed with investments valued at EGP 1.5 bn, I New Plan has obtained the ministerial approval for Serrano’s implementation, the company’s CEO Walid Khalil said in a press statement on May 27, indicating that 90% of the project has been marketed and is planned to be delivered in 2022. “The company targets to record a total of EGP 4.5 bn in sales of Serrano,” Khalil revealed, highlighting that it has obtained all necessary licenses for the compound. Comprising 526 fully-finished housing units, with areas ranging from 135 to 302 meters, Serrano is set to be a 15-acre gated modern community that boasts unlimited privacy, absolute serenity, and unrivaled lifestyle within a breathtaking lush landscape that represents 80% of the project’s total area. Located at NAC’s R7 residential neighborhood, the compound will feature amenities that cater to the clients’ various needs, including but not limited to a shopping mall, water features, running and walking tracks, top-notch fine dining restaurants, in addition to a gym, a kids area, a library, and a spa. The Egypt-based real estate company is currently developing two other projects in NAC’s R7 district, namely ELEVEN – an administrative and commercial building – and its second residential project, ATIKA.

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