The New Urban Communities Authority (NUCA) has announced a new investment opportunity in the city of New Beni Suef. A land plot with an area of 154,434 square meters (approximately 36.7 acres) is being offered at a price of EGP 3,260 per square meter. The total value of the land amounts to approximately EGP 503,464,840, with 10% required as a reservation down payment and 50% due within 30 days of receiving the approval notification. The terms also include administrative fees of 1% and a 0.5% fee for the Board of Trustees. The remaining amount may be paid in 8 semi-annual installments, with financial charges added according to the announced interest rate.
The building regulations stipulate that no more than 50% of the total land area may be allocated to residential use. The building-to-land ratio is set at 50% for apartment buildings, 45% for attached villas, and 40% for detached villas. Permitted building heights include a ground floor plus an upper floor for villas and a ground floor plus 3 upper floors for apartment buildings. Rooftop rooms are allowed provided they do not exceed 25% of the ground floor area. A buffer zone of 50 meters must be maintained between the buildings and adjacent projects, and 8 meters between apartment buildings within the project. Land allocated for service facilities must range between 8% and 12%, with specific building ratios and 6-meter setbacks from all directions.
The permitted height for all non-residential activities is ground floor plus two floors, except for nurseries (ground floor plus one administrative floor) and recreational activities (ground floor plus one upper floor). Rooftop rooms for such buildings are permitted up to 10% of the ground floor area. The implementation period for the project is 4 years from the date of issuance of the ministerial decree. The investor is responsible for relocating any electrical utilities within the land at their own expense, in coordination with the city’s administration.
