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Deputy suggests plan for early real estate relief
The article focused on the importance of developing a clear legislative framework to regulate dealing with distressed real estate projects in the Egyptian market. It suggests that the system should emphasize an early intervention mechanism based on objective indicators such as completion rates and adherence to schedules, aiming to prevent project stalls and investment losses. It also underscores the importance of classifying instances of distress and devising plans for restructuring or appointing an alternative developer, while ensuring the rights of contractors and directing resources effectively. The overall goal is to strengthen the sustainability of the real estate market and protect it from crises.
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