Azerbaijani construction company talks on progress of major project in Baku’s White City
BAKU, Azerbaijan, Dec. 7
By Matanat Nasibova-Trend:
Azerbaijan’s Aksaray Residence construction company completed the construction of the first floor in a residential area located on the territory of the White City in Baku, the company told Trend.
According to the source, the company completed about 40-45 percent of the construction of the largest premium residential complex in the framework of the White City project.
“We are talking about the implementation of an expensive project. The minimum starting cost per square meter of living space in the building under construction is $914. The prepayment price is determined depending on the cost of the apartment. As a rule, it is 30 percent of the total cost,” the source said.
Moreover, Aksaray Residence provides an interest-free loan for 36 months to purchase apartments, the company said.
It was also noted there that in 2018, the company commissioned the first large premium-class residential complex located in Baku, and at the moment it continues to build another residential complex on the territory of the White City.
The construction of the second facility under the White City project began in April of this year.
The company has been operating in Azerbaijan since 2014.
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