182 flats sold in new Ramla project
Gindi Holdings reports 1,000 people took part in draw for housing units in Gindi City complex; deals signed valued at NIS 170 million
Gindi Holdings – the company in charge of the project, which is owned by Manor Gindi, Ori Levi and Eyal Friedman – reported at the end of the event that its had signed deals valued at NIS 170 million (about $45 million).
The complex is expected to spread over some 12 acres and include a residential neighborhood, a shopping mall with about 150 brand name stores and chain measuring some 20,000 square meters (215,277 square feet) in size and a country club on an area of 1.5 acres.
Sources in the real estate industry estimated over the weekend that most of the people who took part in the draw were residents of Ramla and its surroundings.
Manor Gindi, a managing partner in Gindi Investments, said that 182 additional apartments were sold to Israel Defense Forces career officers as part of a joint project with the army's housing administration. According to Gindi, more than 1,200 officers signed up to purchase flats in the project.
Gindi City will be built as a closed compound with four 18-story residential towers. The project will include three-room apartments offered for NIS 750,000 ($200,000), four-room apartments for NIS 900,000 ($240,000), 150-square-meter (1,615-square-feet) penthouses for NIS 1.65 million ($440,000) and 117-square-meter (1,260-square-feet) apartments with a 75-square-meter (807-square-feet) garden for NIS 1.1 million ($290,000).
