Impact International Real Estates, Ethiopia delivered its first group of 50 houses, built on near Lake Tana in Amhara Regional State.
The 50 homes delivered to clients are the first of the 120 home housing project launched by the real estate company in 2006. The company intends to build 400 houses altogether.
The cost of the project is estimated at 450 million birr with construction to be conducted on a 150 thousand meter square plot of land. The design of the project also includes the construction of constructing health facilities, schools, and various entertainment facilities with bungalows, a supermarket and other services.
The construction projected has created 300 jobs for people within the community noted Minyechel Getnet (Eng) founder and General Manager of Impact Real estate.The location of the project ideal for residence, entertainment, conference and tourism services and as such has attracted the attention of Ethiopian Diaspora and people of Ethiopian lineage he added.
“Even though there was a shortage of cement and price escalation during construction work, as well as price escalation of iron and other related construction inputs and shortage of qualified staff, these didn’t prevent us from delivering the houses as we promised,” Minyechel said.
Source: Capital
