2 Days
Source:
بوابة الشروق
_1777352142843_145525226.png&w=64&q=75){kind=small}
MP Tarek Shukry on Real Estate Law
The article discusses the proposed real estate market regulation law in Egypt, which aims to achieve balance among all parties involved in the real estate development system. This is to be accomplished by establishing an association of developers and classifying them based on their technical and financial capabilities. The law seeks to reduce issues arising from allocating large spaces to limited-capacity developers, which often leads to delays in meeting delivery deadlines. It also includes the creation of a dispute resolution unit to speed up the fair resolution of problems. The head of the Real Estate Development Industry Chamber confirmed that the project does not pertain to disputes between individuals and developers. Additionally, the government is expected to submit a report on stalled projects within a few weeks, which should significantly reduce the problem of real estate project delays.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)