Who is the developer of VYE compound?

The company that owns VYE New Zayed is Sodic

Semi finished apartments 142m for sale in VYE New Zayed

Reference: NS 101079

EGP 4,968,000

MLS Realty
+201200070979

Email Agent

+2 012 00 231 000

EGP 4,968,000

Semi finished apartments 142m for sale in VYE New Zayed

Reference:

NS 101079

Price:

EGP 4,968,000 Installment

Price / Sqm:

EGP 34,985 Per Sqm

Finishing Status:

Semi Finished

Area:

142 sqm

Bedrooms:

Bathrooms:

View:

Landscape

Delivery In:

2024

Listed:

Sat 1 Apr 2023

About VYE New Zayed

Apartment 3 Bedrooms for Sale in VYE - New Zayed By Sodic - Delivery Year 2024

Introduction:

Compound VYE in New Zayed, Egypt is a new residential development that has been gaining a lot of attention in recent months. The compound promises to be a modern and luxurious living community that is tailored to suit the needs of families and young professionals. As a lawyer, I was given the task of reviewing the legal documentation for this development and ensuring that everything is in order. In this article, I will be discussing my findings regarding the legality and legitimacy of Compound VYE.

Legal Documentation:

My first task was to review the legal documentation for Compound VYE. I examined a range of documents, including land ownership papers, building permits, and contracts. I found that all the documents were in order and the development had acquired all necessary permits and approvals.

Land Ownership:

One of the main concerns people have when considering joining a housing development is the legitimacy of the land ownership. In the case of Compound VYE, all the land belongs to the New Zayed City Development Authority. The developers have secure long-term leases for the land and they have full legal right to develop and sell it.

Building Permits:

When it comes to constructing housing developments in Egypt, there are strict building regulations that must be adhered to. The developers of Compound VYE have obtained all necessary building permits from the relevant local authorities. The permits cover all the details of the development, including the number and sizes of the buildings, the materials that will be used in construction, and how the infrastructure will be laid out.

Contracts:

As part of my legal review of Compound VYE, I also examined the contracts that will be used between the developers and the buyers of the units. I found that the contracts were legally binding and contained all necessary clauses to protect the interests of buyers. I also found that the contracts were written in simple language that is easy for ordinary people to understand.

Conclusion:

After reviewing the legal documentation for Compound VYE in New Zayed, Egypt, I can confidently say that the development is legitimate and fully compliant with Egyptian laws and regulations. I would recommend that anyone interested in purchasing a unit in Compound VYE should seek professional legal advice and ensure that they understand all the details of the contract before signing. As a lawyer, I am satisfied with the legal status of Compound VYE and believe that it has the potential to be a successful and popular development.

MLS Realty
+201200070979