A new residential complex TelaValley Residence is built in Telavi on a land area of 20,000 sq.m. According to the founder of the company, Zurab Iakobishvili, the initial investment for the construction of the complex amounts to GEL 2 million.
The founder of TelaValley Residence told BM.GE that the amount of investment will also increase along with the expansion of the complex.
"We are implementing the residential complex project at the exit of Telavi, where vineyards are planted. The arrangement and construction of the first building, swimming pool, tennis court, small cellar and bicycle path are underway. This process will be completed in one year, however, in the future, we plan to fully utilize the territory, which includes the addition of new buildings and private residential villas.
There are 30 apartments in the first building, with an ara of 38 and 68 sq.m.", says Zurab Iakobishvili.
TelaValley Residence hasn't started sales yet, but the company's founder says there is a lot of interest in the project, and after the holidays, sales will begin.
"The interest in the project is quite high. Georgians are more likely to contact us, although feedback also came from foreigners, we were contacted by intermediary companies that cooperate with them, mainly citizens of Lithuania, Latvia, Estonia", - notes the founder of TelaValley Residence.
