Retail 70m for sale in Linx Tower New Capital

Shop for Sale in Linx Tower - New Capital

 
Reference: GB99435
EGP 7,027,380
Category:
Shops / Sale
Price:
EGP 7,027,380 Installment
Price / Sqm:
EGP 100,391 Per Sqm
Store Type:
Other
Finishing Status:
Core & Shell
Area:
70 M2
No of Floors:
Delivery Date:
2024
Allowable height:
Last Updated:
Fri 12 May 2023

As a lawyer, I have evaluated the legal status of Linx Tower, owned by the Capriole company in the New Administrative Capital, Egypt. This luxurious residential and commercial tower project has been the subject of controversy and legal disputes in recent years.

Linx Tower is a residential and commercial development project by Capriole, covering an area of approximately 4,400 square meters. The tower comprises 30 floors, with several facilities including residential units, office spaces, commercial outlets, and recreational facilities.

One of the critical legal disputes involving Linx Tower concerns the ownership and usage of some of the land areas from which the building was constructed. There have been allegations regarding the legality of the acquisition of the land on which the development stands. According to reports, the project was not executed according to the initially approved plans by the authorities.

Additionally, local residents and shareholders have raised environmental concerns, including the impact of the development on the surrounding ecosystem. Activities, such as the improper disposal of waste materials and construction-related pollution, have affected the surrounding areas’ water and air quality.

As a lawyer, I believe that legal disputes regarding Linx Tower's ownership and any other areas of controversy should be resolved transparently through the legal system. The acquisition of the land should comply with local regulations and authorities.

Moreover, it is essential to prioritize environmental conservation in any development project, and necessary actions should be taken to minimize environmental damage. Developers must ensure that the surrounding areas' well-being and livelihood are protected and compensated for adequately if any damages occur.

In conclusion, the development of Linx Tower must comply with all legal obligations and regulations. Any legal dispute or environmental issue arising from the development must adhere to transparent legal procedures. Measures should be put in place to mitigate any environmental or socio-economic damages, prioritizing the long-term health, and well-being of the surrounding communities.

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