Real Estate
Posted: 3 weeks ago

Kaladze: We Have a lot of Khrushovkas that Can not be Rehabilitated and must be Replaced

Kaladze: We have a lot of Krushovkas which can not rehabilitated and replacement is necessary, “Tbilisi Mayor Kakha Kaladze said at the Tbilisi government meeting.

”Interest was expressed on the development of a new district in 3 hectares of municipal property in Varketili. This is a project under which the replacement of Khrushovkas in Varketili should be carried out. Our first initiative had a negative result, but we have been communicating with companies that share our interests. We analyzed their identified issues, thus we improved these terms and we expect it to become a pilot project. 

75 thousand square meters needs to be constructed on 3 hectares. The company that passes more space to the City Hall, will be a winner. The minimum offer will start from 7500 square meters. I hope this offer will be significantly increased, which will allow us to replace more buildings.

Detailed information regarding the expression of interest can be found at the City Hall website at the Investor’s Division. If this information is not enough for anyone and it is necessary to specify additional details, the City Hall’s Economic Development Service will be involved, “said Kakha Kaladze.