Who is the developer of River Green compound?

The company that owns River Green New Capital is MBG

Retail 65m for sale in River Green New Capital

Reference: NS 91697

EGP 14,900,000

MLS Realty
+201200070979

Email Agent

+2 012 00 231 000

EGP 14,900,000

Retail 65m for sale in River Green New Capital

Reference:

NS 91697

Price:

EGP 14,900,000 Installment

Price / Sqm:

EGP 229,230 Per Sqm

Store Type:

Other

Finishing Status:

Core & Shell

Area:

65 sqm

Year Built:

Listed:

Mon 22 May 2023

About River Green New Capital

Shop for Sale in River Green - New Capital By MBG

As an experienced lawyer, with extensive knowledge about the laws pertaining to the real estate industry in Egypt, I am happy to provide some guidance on the River Green compound in the new administrative capital of Egypt, which is presently gaining a lot of attention from potential investors.

River Green is a project established by MBG Development, one of the most reputable real estate developers in the country. Located in the heart of the new administrative capital, it is one of the most modern residential compounds in Egypt, and is holding attractions such as open green spaces and modern amenities.

However, before investing in any real estate venture, it is crucial to evaluate the legal aspects carefully, as it determines the security and value of the investment.

First and foremost, examine if the project and the developer are registered and authorized by the relevant governing bodies. An unlicensed project can result in various legal ramifications, including officials demanding the evacuation of the area, payment of additional taxation, and, in some cases, legal action brought against you by neighboring property owners.

Secondly, thoroughly examining the legal documents pertaining to your investment, such as the sales contract, ownership papers, and any other agreements that could impact the value or usability of your property, is essential. The average person may lack the required skills and understanding to read these legal documents and fully comprehend their significance; seeking the help of a professional lawyer is a recommended option.

It's important to know how these documents protect or limit the rights and privileges of the buyer or investor. A contract can influence factors such as the purchaser's ability to loan finance, expectations of title transfer or possession, and contract termination provisions. A valid contract must contain necessary provisions, such as payment terms, obligations, deadlines, and any fines or penalties associated with violation of terms.

Lastly, examine the reputation MBG Development has earned, paying particular attention to the financial stability of the company along with its past projects. Verification of details such as past performance, relationship with shareholders, and engagement with the community surrounding the company; play an essential role in building trust.

In conclusion, the River Green residential compound in the new administrative capital of Egypt, established by MBG Development, is a promising real estate opportunity for the potential buyers and investors. However, to ensure the investment is legal and safe, it is vital to evaluate the regulatory certifications of the project and developer, evaluate the legal documents, and examine the reputation of the company. Seeking legal counsel and obtaining professional advice will influence the security of the investment and aid in minimizing legal complications.

MLS Realty
+201200070979