BAKU, Azerbaijan, Nov. 8
By Matanat Nasibova - Trend:
Azerbaijan’s Aksaray Residence construction company will complete construction of the first floor in the housing estate located on the territory of the White City district in Baku as soon as possible, a source in the company told Trend.
The company completed over 35 percent of the construction of the largest premium residential complex under the White City project, according to the source.
“We have fully completed construction of the underground parking, and by the end of this year we plan to complete construction of the first floor of the housing estate,” the source said. “The minimum starting cost per square meter of the building under construction is set at 1,555 manat ($914.7). The prepayment price is determined depending on the price of the apartment. As a rule, it is 30 percent of the price of the apartment. We provide an interest-free loan for 36 months.”
The first large premium-class residential complex was commissioned last year, and the construction of the next housing estate is underway, the source added.
The construction of the second facility within the framework of the White City project began in April 2019.