The Secret of Green Diamond’s Success
Fifty percent of apartments were sold in a week! The latest residential complex of Maqro Construction company, the USD 115 million investment project Green Diamond, was launched on 28th of May. As well as the official presentation, the successful completion of construction of the residential complex Green Budapest was celebrated. The construction of Green Diamond is made up of three stages. The first includes 731 units. In spite of the short period, in just one week half of the apartments from the first stage were sold.
The unique residential complex is being built in an ecologically clean district of Tbilisi, near to the Olympic facilities. Next to the Green Diamond mega project, the Technological University will be established, unique in Eastern Europe. The residential complex comprises almost 70,000 m2 with 23,143 m2 interior green territory, offering a unique, brand new and affordable life in Tbilisi. In the complex you can find 23 living blocks and 1772 units. All your needs will be satisfied by the three swimming pools, four basketball areas, four outdoor fitness areas, four children’s playgrounds, seven pergolas, indoor sport facilities, walking and running tracks, commercial areas, social terraces, and a kindergarten and school.
Families who want to improve their living conditions and live in an ecologically clean environment with diversified infrastructure are choosing to live in the unique Green Diamond complex. There are many young couples among Green Diamond’s new residents that prefer to live both near the city center but in a different, clean and natural environment. The complex is also perfect for investment purposes. As Green Budapest is the first residential complex, it became the business card of Maqro Constructions’ quality. Currently, Green Budapest is going through the handover period of the units, so people can be assured of the high quality, as in Green Diamond the construction and renovation materials will be exactly the same as in Green Budapest. Maqro Construction has gained the trust of the people, as the construction of Green Budapest was completed earlier than promised, again, to the best quality. Are you tempted? Visit the sales office, where five distinct showrooms present what Maqro can offer you- what you see in the showroom is what you will get in the Green Diamond complex.
Flexible and unprecedented payment conditions are one of the main reasons for the fast sales of these apartments. The average price per sq. is USD 750. The initial price for a fully renovated unit with kitchen furniture, built-in appliances and bath headset is from USD 25,000. The clients are allowed to pay USD 2,500 for the first payment and USD 250 per month thereafter. Payment terms are tailored to the customers: 10% - first payment, and 30% of the total amount distributed over 30 months, meaning that customers pay only 1% monthly. Customers need to pay the final 60% by construction completion (May, 2018), through bank loan, if they choose, allowing very easily payment of the credit- enabling them to live part rent fee and keep the other part for their own purposes.
As Deputy General Director in Project Development, PR, Sales and Marketing field, Oguz Kaan Karaer declared, the high rate of sales and success of Green Diamond is a result of the creation of the right product, as demanded by the market; people are using this opportunity very actively.
He added that optimal planning, affordable prices and flexible payment conditions also contributed. “Our residents pay USD 250 per month just as if they were renting a flat, but at the same time they are becoming eventual flat owners. The complex is located in an ecologically clean part of the town provided with full infrastructure. Residents in reality have no need to leave the territory of the complex neither for school nor to go to the supermarket,” he said.
International company Maqro Construction has been investing in the Georgian economy since 2013. The company is international and operates mostly in the construction field. Maqro Construction invested up to USD 70 million in the Georgian market and plans to invest up to an additional USD 150 million.
Maqro Construction has successfully completed a number of projects: residential complex Green Budapest, French Accor Group’s 4-star hotel brand Mercure Tbilisi Old Town, Furniture store chain Bellissa, and the much-anticipated 5-star restaurant Dinehall on Rustaveli Avenue which will be opening on June 8th.
In the near future the company plans to start construction of French Accor group’s hotel Ibis Styles. Maqro Construction owns 20,000 m2 land next to the airport highway, where it plans the construction of a shopping center for home and decorative items.
Katie Ruth Davies