After its record-breaking accomplishments at the New Administrative Capital that took place in less than a year, Capriole Group is gearing up to kick-off the 2nd phase of NAC’s LINX project following Eid El Fitr Feast holiday.

Capriole Group achieved a whopping 65% out of total constructions in less than a year, as the company has started the finishing and final phases of constructions inclusive of electromechanics and façade works.

According to Chairman of Capriole Group Eng. Mohamed Mufeed, the group was eager to speed up constructions at the project, even before releasing news about introducing and selling units there. Further still, it took the lead carrying out the presidential directives even before the latter’s issuance, as it executed a considerable amount of  the constructions before the selling started. It actually started to publicize the project’s roll-out upon accomplishing more than 30% of constructions.

Capriole was keen on expediting construction in the face of the latest headwinds, notably  daily-based price hikes and fluctuations of raw materials, he said, underscoring the company’s keenness on finalizing and delivering the project ahead of schedule, before late 2023.

Read More: Capriole finalized 65% of construction. 

Engineer Mohamed Mofeed, Chairman of the Board of Directors of Capriole Group, expected an increase in the prices of real estate projects under construction by 10-20% during the next year. He added that the challenges leading the increase in prices are expected  to continue until the end of 2022 and may extend through 2023. He explained that companies should set price studies to apply increases to ensure that they achieve a profit margin and continuity in the implementation of projects and the fulfillment of obligations towards customers. Also, the increases should be within the reach of customers to avoid stagnation in the market.

Read more:  Real estate prices will increase by 20% in 2022