As part of its ambitious expansion strategy in the heart of New Cairo, Modon Developments has revealed major construction and investment details for its mixed-use Boutique Village project, located in the Golden Square area.
The move reflects the company’s commitment to accelerating construction works and injecting substantial liquidity to ensure that units are delivered according to the scheduled timelines.
Record Investment Injection and Year-End Targets
The company revealed that the total investment allocated to Boutique Village amounts to EGP 15 billion. To accelerate construction progress on the ground, Modon Developments plans to inject approximately EGP 10 billion of the allocated investments by the end of the current year, alongside intensifying construction activities.
65% Completion of Phase One and Operations Set for June
Construction works on the project’s first phase are progressing steadily, with the actual completion rate reaching approximately 65% to date. Construction activities, along with internal and external finishing works, are continuing in line with the approved timetable.
According to the company’s schedule, the majority of construction works for the first phase are expected to be completed before the end of the current year. The remaining finishing works and technical preparations will be completed during the first months of next year, paving the way for the start of unit handovers and the project’s actual operations in June 2027, with completed components set to become operational immediately upon handover.
Integrated Development Plan and Diverse Service Offering
Boutique Village spans a total area divided into two phases. The first phase covers approximately 17,500 square meters, while the second phase extends over an area of up to 25,000 square meters.
The project features a distinctive architectural design combining residential, commercial, and administrative activities. Buildings within the development consist of a basement level, a ground floor, four repeated upper floors, and a rooftop.
The project also includes a dedicated commercial and administrative mall designed to serve entrepreneurs and brands under the name Boutique Business Village.
Strong Sales Demand and Launch of Phase Two
Amid the project’s rapid construction progress, Boutique Village has witnessed strong investment demand. The company revealed that the majority of residential units across three residential buildings have been sold.
The three buildings comprise a total of 160 residential units, including 60 units in each of two main buildings and 40 units in the third building. Some of the project’s commercial components have also recorded a 100% sales rate.
Meanwhile, the company confirmed the commencement of actual works on the project’s second phase, including excavation, site preparation, and initial construction preparations.
Modon Developments has set an ambitious construction plan targeting the full completion of the project within the next 18 months.