Cairo: Misr Italia Properties is introducing the 15-minute city concept in its groundbreaking project Il BOSCO City- New Cairo. The cutting-edge concept revolves around improving the quality of life of its residents through giving them access to a wide range of services including educational, sports, lifestyle, shopping, and medical within 15-minutes on foot or by bike. Misr Italia Properties has also announced the launch of two new phases, “La Natura” and “la Valle”, at Il BOSCO City. “La Natura” and “La Valle” will house 220 units and are scheduled to be delivered by 2025.
The 15-minute city concept was first proposed by Mayor Anne Hidalgo of Paris, who got its inspiration from the Sorbonne professor Carlos Moreno in an attempt to improve the quality of life for residents by bringing all necessities and services within a 15-minute reach for everyone.
The newly launched phase, "La Natura", provides a variety of villas that include a Garden Villa with areas up to 218 square meters, a Double View House with an area of 238 square meters, and a Sky Villa with an area of 213 square meters. The other phase, “La Valle,” offers Spring Villa with an area of 282 square meters, Twin Houses with an area of 257 square meters and Townhouses with an area of 239 square meters. MIP also offers attractive payment plans with only 5% down payment, and up to 9-years installment plan. It is worth noting that the Landscape of Il BOSCO City is designed by Stefano Boeri, the renowned Italian architect.
“Launching two new phases at our flagship project Il BOSCO City New Cairo, and introducing the 15-minute city concept comes within the framework of Misr Italia Properties’ strategy to cope with the ever-growing real estate market by forging its customers’ ideas and hopes into tangible realities,” commented Mohamed Hany El-Assal, CEO of Misr Italia Properties. “We always listen to our customers’ demands. With the new offering, we aspire to improve the quality of life of Il BOSCO City residents and reduce their everyday pressures.” he concluded.
Il BOSCO City is equipped with “Smart City” technologies giving users remote access to systems including air conditioning systems, keyless entry, sound system devices throughout the building in addition to advanced security systems with cameras and motion sensors for security. The buildings promote an enhanced energy-efficiency concept in which lights can switch off automatically when no motion is detected. All of these automated tasks, along with modern energy-efficient appliances combine to save on electricity, water and natural gas, thereby reducing the on-going maintenance cost.
Mostakbal City is known as the first smart green city in east Cairo with a prime location at New Cairo’s extension close to the New Administrative Capital, centered in the Golden Square Extension and also situated on East Ring Road. With a total investment worth EGP 22 billion, Il BOSCO City spans over 268 acres in the heart of Mostakbal City. Last year, MIP launched the first phase of Il BOSCO City, "Sila" and about 95% of the phase is sold out.
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About Misr Italia Holding:
Misr Italia Holding has been at the vanguard of developing Egypt’s leading real estate market for years. It is known for providing paramount projects for residential, commercial, coastal, and hospitality properties across Egypt. The company’s land bank stretches across Egypt with 11 residential projects, nine commercial projects, five luxury hotels and 6,000 delivered units. Flagship projects include IL BOSCO, VINCI & VINCI Street in the New Administrative Capital, La Nuova Vista, Garden 8, Cairo Business Park and Hilton Garden Inn in New Cairo, and IL BOSCO City New Cairo. Kai Sokhna and Hilton Ain El Sokhna.
© Press Release 2021
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