Six of October Development & Investment Company – SODIC – (OCDI.CA) has reported total sales of its flagship Allegria residential project of EGP 440 million during the first nine months of 2012. Allegria project is established on an area of 2.8 million meter square, locates in Sheikh Zayed city.
Sources from SODIC told Amwal Al Ghad that during the first nine months of 2012, around 90 new units have been contracted in which 60% were delivered. Delivery progress is on track before the end of 2013.
The sources further added that in mid of last July, the New Urban Communities Authority (NUCA) approved SODIC’s request for having extra two years so as to complete the two phases of Allegria project (phases III and V).
It is worth noting that Allegria’s total units amount to 1249 stand alone villas and duplexes, with total investment costs at EGP 4.250 billion.
