New Urban Communities Authority announces providing distinctive housing plots with full utilities (buildings-villas ) for sale by public lot  during the period from 7/9/2014 to 16/ 10/ 2014

According  to the following conditions :

- Dossier  and specifications are available in all branches of Housing and Development Bank   for the payment of 200 pounds, "only two hundred pounds," starting on Monday, 15/9/2014 .
- A booking data form is submitted during the period from 12.10.2014 to 10.30.2014 from three o'clock p.m to six o'clock p.m, at  all branches of Housing and Development Bank (dealing with any third party or individuals outside the bank is prohibited ).

-  The first sum of booking , 250 thousand pounds (two hundred and fifty thousand pounds) for (New Cairo -6 th October 6 - Shorouk – Obour ) cities and 100 thousand pounds (one hundred thousand pounds) for the remaining of  of other cities , paid in  cash or in certified check, according to work schedules described above.

Booking terms

-  An applicant has to be a natural person (Egyptian citizen) and not a legal entity (company or institution) and be at least 21 years old in time of the announcement.

Method of allocation:
-  There will be an open manual  lot according to available plots and areas . The date and place of the plot will be announced later in the presence of the officials of  the city authority and Housing and Development Bank and  applicants who wish to attend  .
- The first sum of booking  will be repaid to the applicants who were not chosen according to the public lot in addition to prescribed benefits that is calculated from the date of payment until the date of their notification.

Payment  method

-  In case of obtaining a plot by lot , 35% of the total value of the plot must be  paid  within a period not exceeding one month from the date of the public lot  in addition to (2% administrative expenses +1% Board of Trustees of +1% Social Housing Fund ).
-  The outstanding of the price of the plot is paid  on 8 equal quarterly installments. The first installment  is due three months starting the date of public lot . The outstanding installments will be paid in bank cheques in the name of the city authority.

Receiving  the plot and the timing of building
- Plot  is received within a period not exceeding one month from the date of the public lot  .
- The necessary documents to get a building permit are submitted  during five months as maximum from the date of receiving the plot.
- The completion of the concrete structure must be finished within twelve months from the date of issuance of building permits.
- The completion of the work finishes must be finished within twelve months following the date of the end of the concrete structure.
- Plot will be withdrawn in case of non-completion of the implementation during the thirty months from the date of receiving .
- Successful candidates must commit to conditions and specifications in the dossier.