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In Batumi, the developer paid the municipality 890 dollars per square meter instead of moving apartments - even though the housing by the sea was sold for many times more! In Batumi, questions arose about the agreement between the mayor's office and the construction company Sipreli, which is owned by Medea Bokhorishvili, the wife of Alliance Group founder Gia Bitsadze. The company plans to build three skyscrapers in Kfar Tamar, near the beach. A permit has already been granted for the construction of the first 47-story building. In order to increase the K2 development intensity factor, the company had to transfer 10% of the additional area to the municipality. However, the legislation allows replacing the transfer of real estate with financial compensation. This was the option Cipherly used. According to the existing rules, in this case, the compensation is calculated according to the cost of 4% of the additional area, and according to the market price of the apartment in "white frame" condition. How much did the company pay? The additional project area is 31,090.31 square meters. For the calculation of the compensation, 4% of this area was used - 1243.62 square meters. According to the KPMG estimate provided by the developer, the cost per square meter was $890. As a result, the company transferred to the municipality's budget: 1,106,821.80 dollars, or 2,921,234.78 lari. But the most interesting thing is the cost of real estate! As an advertisement in Tumlby points out, apartments in the projects of the Alliance Group and related companies are sold at much higher prices. On the upper floors, the cost per square meter exceeds $3,000, and in some of the projects in Cobalt the prices start at $1,800. At the same time, it is necessary to compare the prices of the finished apartments with a "white frame" housing evaluation, taking into account the differences in the projects and the degree of readiness of the property. Ayoti already wondered "What's wrong with urban housing? According to media reports, in Batumi, approximately 3,000 families are waiting for the opportunity to get an apartment from the mayor's office at a discounted price.

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Батумчик 🌴 | Новости Батуми | Западная Грузия · · Source

In Batumi, the developer paid the municipality 890 dollars per square meter instead of moving apartments - even though the housing by the sea was sold for many times more! In Batumi, questions arose about the agreement between the mayor's office and the construction company Sipreli, which is owned by Medea Bokhorishvili, the wife of Alliance Group founder Gia Bitsadze. The company plans to build three skyscrapers in Kfar Tamar, near the beach. A permit has already been granted for the construction of the first 47-story building. In order to increase the K2 development intensity factor, the company had to transfer 10% of the additional area to the municipality. However, the legislation allows replacing the transfer of real estate with financial compensation. This was the option Cipherly used. According to the existing rules, in this case, the compensation is calculated according to the cost of 4% of the additional area, and according to the market price of the apartment in "white frame" condition. How much did the company pay? The additional project area is 31,090.31 square meters. For the calculation of the compensation, 4% of this area was used - 1243.62 square meters. According to the KPMG estimate provided by the developer, the cost per square meter was $890. As a result, the company transferred to the municipality's budget: 1,106,821.80 dollars, or 2,921,234.78 lari. But the most interesting thing is the cost of real estate! As an advertisement in Tumlby points out, apartments in the projects of the Alliance Group and related companies are sold at much higher prices. On the upper floors, the cost per square meter exceeds $3,000, and in some of the projects in Cobalt the prices start at $1,800. At the same time, it is necessary to compare the prices of the finished apartments with a "white frame" housing evaluation, taking into account the differences in the projects and the degree of readiness of the property. Ayoti already wondered "What's wrong with urban housing? According to media reports, in Batumi, approximately 3,000 families are waiting for the opportunity to get an apartment from the mayor's office at a discounted price.

In Batumi, the developer paid the municipality 890 dollars per square meter instead of moving apartments - even though the housing by the sea was sold for many times more! In Batumi, questions arose about the agreement between the mayor's office and the construction company Sipreli, which is owned by Medea Bokhorishvili, the wife of Alliance Group founder Gia Bitsadze. The company plans to build three skyscrapers in Kfar Tamar, near the beach. A permit has already been granted for the construction of the first 47-story building. In order to increase the K2 development intensity factor, the company had to transfer 10% of the additional area to the municipality. However, the legislation allows replacing the transfer of real estate with financial compensation. This was the option Cipherly used. According to the existing rules, in this case, the compensation is calculated according to the cost of 4% of the additional area, and according to the market price of the apartment in "white frame" condition. How much did the company pay? The additional project area is 31,090.31 square meters. For the calculation of the compensation, 4% of this area was used - 1243.62 square meters. According to the KPMG estimate provided by the developer, the cost per square meter was $890. As a result, the company transferred to the municipality's budget: 1,106,821.80 dollars, or 2,921,234.78 lari. But the most interesting thing is the cost of real estate! As an advertisement in Tumlby points out, apartments in the projects of the Alliance Group and related companies are sold at much higher prices. On the upper floors, the cost per square meter exceeds $3,000, and in some of the projects in Cobalt the prices start at $1,800. At the same time, it is necessary to compare the prices of the finished apartments with a "white frame" housing evaluation, taking into account the differences in the projects and the degree of readiness of the property. Ayoti already wondered "What's wrong with urban housing? According to media reports, in Batumi, approximately 3,000 families are waiting for the opportunity to get an apartment from the mayor's office at a discounted price.

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