What do you know about the developer for the project?
Lotus Compound in October Gardens is one of the projects of DMA Holding Ashraf Farag & Sons; one of the most famous constructions companies which has a long history up to 40 years in the field of real estate. The company has built many compounds such as: La Luna Beach and Louly Beach in Ain Sokhna. It also built Hassan Sharbatly Mosque, which is one of the main landmarks in New Cairo.
Overview about October Gardens
October Gardens is an integrated city, which represents the natural stretch of the 6th of October City. It contains “Build Your Home” project and the National Housing Project, in addition to a big number of economic and middle and above-middle housing projects. The project has several closed housing projects (compounds), such as Lotus Compound. Some of these projects come with affordable prices for young men and newlyweds. The area is the closest one of the city to El Remaya square, the Ring Road, and Haram Street. This city is characterized by good planning, calmness, and great deal of green spaces.
About Lotus Compound
Lotus Compound in October Gardens is a full-service compound that built according to the elegant modern style combining luxury and sophistication. It also enjoys privacy and tranquility, located on 20 feddans, and includes 1,300 housing units with an area of 63 meters each. The investment cost of the Compound is EGP 84,000,000. It has all services and facilities, such as security service, schools, clubs, recreational, sports and commercial places, wide green areas … etc. The Compound was established in two stages, each with 385 units. There is also a huge shopping mall that serves all residents in the Compound, and spans over 3,000 meter.
Types of units in Lotus Compound
The compound contains 1,300 housing units divided into two phases.
The unit area is 63 square meters, and divided into:
- 2 bedrooms
- Bathroom
- Reception
- Kitchen
Overview about the project’s design
Lotus Compound is a full-service compound that built according to the elegant modern style combining luxury and sophistication. It also enjoys privacy and tranquility, located on 20 acres, and enjoys the best of international designs. The company has taken into consideration that all buildings to be surrounded by green spaces, which make you feel relaxed. Also, it is a fully integrated compound, as it has all services and facilities, and its privileged location highly attracts investors, due to the presence of a large number of compounds such as: Degla Gardens, Utopia, El Montazah District, and the Spanish District.
Services of the project
For example:
- Security service
- Children’s playgrounds
- Shopping mall
- Sports complex
- Green spaces
- Restaurants and cafes
- Car parking
Prices of apartments in Lotus Compound, October Gardens
The average price of apartments in Lotus Compound, Gardens October: EGP 300,000.
The average price per square meter in Lotus Compound: EGP 4,000.
Geographical location of the Compound
The Compound is located behind the Egyptian Media Production City (EMPC), close to Degla Gardens, El Montazah and the Spanish Districts, and 10 minutes from the ring road and Zewail Educational Project.
* It is worth mentioning that the prices mentioned in this article are subject to change, and we, in Aqarmap, are continuously keen on updating the neighborhood price list, so that the customer becomes aware of the changes taking place in the real estate market, as well as we measure the demand indexes via Aqarmap index.
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