Misr Italia Properties Pumps EGP 22 billion Investments in IL Bosco City ‘The City of Nature’
Misr Italia Properties’ (MIP) kicked off its latest EGP 22 billion worth state-of-the-art real estate project, providing New Cairenes with the perfect home—one that is engulfed by nature and leafy roads, giving people a picturesque view everywhere they set their eyes.
With expected sales reaching EGP 36 billion, Misr Italia Properties is making a good return on investment.
‘Il Bosco City – The City of Nature’
Determined to build an exquisitely designed peaceful paradise sprouting far from a large city that never sleeps, Misr Italia Properties dubbed IL Bosco City “The City of Nature.”
Primely located at the heart of Mostakbal City, which spans over 11,000 acres of land at New Cairo’s Golden Square Extension, IL Bosco City is located within close vicinity to the New Administrative Capital.
Powered by a philosophy of wondrous creativity and innovation in real estate, IL Bosco City is designed to make residents’ lives easier and simpler. The city’s master plan provides a feeling of serenity flowing from the trees that are soon to grow roots there.
IL Bosco City “The City of Nature” immersed in nature with outstanding forest-like landscaping with a mixed-use zone pulled into the heart of the project, captured by a green river and pedestrian crossing, cultural hub, school, Sky Bridge, medical center, 5-star service apartments, sports club, commercial area, community centers. Backed by the latest technologies, the city provides triple play technology, which covers telephony, community antenna television (CATV), and high-speed Internet through a single access subscription using fiber optics.
In Egypt, home buyers demand more than 900,000 units every year, with around 239,600 real estate units still needed in Greater Cairo. The market’s 150 developers deliver 25,000 units annually mostly located in the east and west of Greater Cairo.
Through IL Bosco City, Misr Italia Properties is determined to offer a large variety of units under high-demand at an affordable cost and a flexible installment plan especially tailored to suit the Egyptian customers’ needs and style of living.
IL Bosco City apartment prices start from EGP 10,800 per square meter at installments starting from EGP 3,800 per month over a 5-12 year payment plan.
Misr Italia Properties Real Estate Record
Misr Italia Holding has been at the vanguard of developing Egypt’s leading real estate market for years. They have been known for providing the paramount projects for residential, commercial, coastal, hospitality and leisure properties across Egypt. Misr Italia Holding has grown to become one of the largest developers with total investments of 68Billion EGP.
The company’s land bank totals to 11Million m2 across Egypt with 11 residential projects, 9 commercial projects, 5 luxury hotels and 6000 delivered units. Flagship projects include IL BOSCO, Vinci & Vinci Street in the New Administrative Capital, La Nuova Vista, Garden 8 & Cairo Business Park in New Cairo, Kai Sokhna, Kai Sahel, IL BOSCO City in Mostakbal City- New Cairo, Hilton Kai Sokhna and Hilton Garden Inn.