Hometown Developments announced the escalation of construction rates of its Zaha Park and Lafayette projects in New Administrative Capital, as part of the company’s plan to adhere to its contracts with customers, and maintain construction rates agreed upon with Administrative Capital for Urban Development (ACUD) company.
Chairman of Hometown Diaa Farag said that the company has a plan to speed up construction rates in its projects, especially with the start of transferring state employees to government district at the New Capital.
Farag added that the company has completed high rates of constructions at Zaha Park mall.
The mall is the company’s first project in the New Capital, where concrete works for the project have been completed, and the company has started developing electromechanical works for the project.
He noted that Zaha Park is an administrative commercial project and is located on an area of 7,200 sqm with a total built-up area of 21,000 sqm in MU23. It consists of 10 floors, and is located in a privileged place in the New Capital and overlooks major axes that raise occupancy rate of the project after its operation.
He pointed out that the company has recorded high rate of executing concrete works in Lafayette project, which is a commercial entertainment project on an area of 43,000 sqm. The project was designed on sound operational
foundations and standards to ensure it runs with the highest efficiency to ensure that it attracts international brands.
He stressed the importance of the facilities granted by the ACUD to complete construction works on time, in addition to periodic monitoring of volume of construction in projects, which benefits serious investor.
Sister contracting company, Defcon Contracting, was launched and is responsible for the construction of the company’s projects and to ensure quality and punctuality, he disclosed.