board of directors "Urban communities" He agrees to approve a mechanism to deal with shops located in low-density areas
Sherbiny: We aim to provide various services to residents of new cities… and increase attractions… and raise occupancy and housing rates
The Board of Directors of the New Urban Communities Authority approved, in Its meeting was chaired by Eng. Sherif El-Sherbiny, Minister of Housing, Utilities and Urban Communities, to approve a mechanism to deal with shops located in low-density areas, where the Minister of Housing confirmed that this mechanism aims to provide various services to residents of new cities, increase attraction factors, and raise occupancy and housing rates.
The Minister of Housing explained that dealing is carried out in accordance with the following controls: These shops are offered under the usufruct system by publishing on the official website of the city agency and the agency’s bulletin board, and the applications are studied. With the knowledge of the committee formed by the city agency in light of the decision of the Authority’s Board of Directors at its session No. (128) of 2016, the submission will be made to the agency’s real estate sub-committee to approve its work and then be presented to the main real estate committee to approve the license. By usufruct.
The Minister pointed out that if more than one application is submitted for the store, a manual public lottery is conducted by the city agency among the applicants, and the duration of the right of usufruct is only 3 years and is then repeated. Presenting it to the competent authority to take the appropriate decision regarding reviewing the offering mechanism in a timely manner, and 30% of the value of the monthly benefit will be deducted and the prices approved by the main real estate committee will be fixed within 3 years, while adhering to the rest of the controls that You will receive the terms and conditions brochure after it is approved by the main real estate committee.
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