Developing the Sixth District in Nasr City
The Sixth District in the western Nasr City neighborhood is a residential and industrial zone that includes average-priced buildings and some of the important factories such as Coca-Cola, Ideal, and the Azhar University.
To evacuate and remove parts of the eastern side of this district is considered a step towards developing Nasr City since this decision comes in light of removing old buildings and keeping service areas entact, and start replacing old buildings with residential towers with a modern system while maintaining the infrastructure of the zone.
Meetings with the residents of this district have been convened to understand their concerns and explain the process while highlighting the main purpose of this project is to provide the residents with properties they deserve.
Moreover, the government announced that the residents will be compensated financially and the process of developing will start effective immediately.
The Demolished Places in the Sixth District, Nasr City
According to the plan, the places that are to be demolished start from the Sixth District Precinct to Abou Ramy zone.
Providing Residents With Alternatives
For owners and renters who are registered to the old renting law, each party will receive 50% of the compensations as all options available are catered to their needs and to avoid inflicting any financial burdens. Therefore, all the neighborhood’s and governorate units have to implement these compensations and ensure each party has received their share.
Developing the Sixth District According to the Strategic Plan Announced by the Government
The responsible authorities announced that the development strategy of the Sixth District is being carried out by establishing residential and administrative units. Among its main priorities is to increase green spaces, in addition to a commercial mall and a craft area for workshops and others other than shops, and that the existing services, such as the police department, post office, school, and hospitals; will be maintained, because these services are required after completion of the development plan.
The development strategy only applies on all the old blocks, but as for the newly built residential towers, they remain untouched in the sixth district and part of the seventh district. Each family who resided in the Sixth District is allowed to return back to their zone after the completion of its development and they will be given a monthly rent throughout the development strategy to ensure a temporary, decent residency elsewhere until they can return back.
The Government Started Receiving Compensation Applications for Residents of the Sixth District in Nasr City
In the context of developing the East Cairo region, the responsible authorities have already started implementing a project to re-plan and organize this area. This plan includes linking this area to a new road network, and removing some of the slums in residential neighborhoods in the region as follows:
- The targeted buildings which date back to 60 years ago without undergoing any renovations or maintenance
- The responsible authority for developing this area is governmental and not a developer from the private sector
The Available Alternatives for Residents of the Sixth District
- A financial compensation according to the price of the area: through the approval of real estate appraisal offices, and the price set for compensation will not be less than the current prices of the area.
- Reconstructing and re-planning the area again to ensure the return of residents and shops again safely, for those who wish to relocate the same area in a planned and orderly manner, and in the same area while continuing to receive the monthly payment until the reconstruction process is finished
- Receiving of a fully established and furnished alternative housing in El-Salam City
How Residents Can Receive Their Compensations?
- Residents must apply to the committee formed by the governor’s decision for this purpose in the West Nasr City neighborhood at the West neighborhood building on Youssef Abbas Street, with the ownership documents.
- Financial compensation will be first distributed, and contracts will be made for those who wish to return again, whether for residential units, shops, or immediate housing for alternative apartments in El-Salam City
- There will be inventory committees responsible for conducting on- ground measurements of areas, whether for apartments or shops, or proof of ownership
- There will also be a clear channel of communication with the residents to answer any questions and listen to any problems. These channels will be in forms of continuous meetings until the project is completed.
The Impact of Demolishing the Sixth District on Real Estate Investments in Nasr City
Nasr City is considered as one of the most vital areas in Cairo and is close to the Fifth Settlement and the New Administrative Capital, which is why it is among the government’s top priorities to develop its infrastructure to increase its value in the real estate market and provide its residents with top-tier services.
Therefore, among the advantages of developing Nasr City is increasing its properties’ net worth in the market and increasing the number of sales after the development plan is finished.