Retail 118m for sale in Monorail Tower New Capital

Shop for Sale in Monorail Tower - New Capital

 
Reference: GB99416
EGP 21,465,675
Category:
Shops / Sale
Price:
EGP 21,465,675 Installment
Price / Sqm:
EGP 181,912 Per Sqm
Store Type:
Other
Finishing Status:
Core & Shell
Area:
118 M2
No of Floors:
Year Built:
4
Allowable height:
Last Updated:
Mon 22 May 2023

As a lawyer, I have assessed the legal status of the Monorail Tower project in the New Administrative Capital of Egypt. This real estate development project has aroused legal controversy and encountered several disputes.

The Monorail Tower project is a multi-use commercial and recreational skyscraper. The tower was intended to be a landmark structure, housing business offices, residential units, and recreational facilities. However, the development has faced several legal disputes since its inception.

One of the significant legal issues related to the Monorail Tower project concerns land acquisition. Allegations of corrupt practices in relation to the land acquisition for the tower project have been raised. There have been allegations of illegal land acquisition and approval of the project without the proper permits and approvals from the authorities.

In addition, environmental concerns have been raised regarding the impact of the development on the surrounding environment. Construction activities have resulted in soil erosion, water pollution, and other environmental damage, leading to concerns about long-term environmental degradation.

As a lawyer, I believe that any legal disputes regarding the acquisition and development of land for the Monorail Tower must be resolved through the legal system in a fair and transparent manner. Land acquisition must comply with all legal regulations and requirements set by the government.

Moreover, environmental considerations must be taken into account during the planning and execution of such development projects. The developer must comply with environmental regulations to minimize harm to the surrounding natural ecosystems.

In conclusion, any development project, including the Monorail Tower, must comply with all legal obligations and regulations governing land acquisition and environmental preservation. Legal disputes surrounding the project should be resolved through the legal system in a fair and transparent manner. The developer should provide necessary compensation for any damages caused to the environment and surrounding communities.

Types