Project name: Mardakan project

Location: Mardakan village, Absheron province
Project objectives and description: The Project provides for construction of an economy class residential complex in Mardakan settlement in the Khazar region near Baku. The complex will include eight 5-6 storey buildings. It will comprise 224 flats and 144 parking lots. The total gross area of flats is 14,320 m2. while the total area of commercial premises is 3840 m2. The company plans to sell all the apartments, commercial areas and parking lots. The Projects is a mid-market product targeting residents in Mardakan and customers from Baku, who wish to own a flat close to resort zones but cannot afford a resort house.
Project cost: 7.1 mln USD
Financing scheme: TBN
Implementation period: 2 years
Project payback period: 2.5 years
Documents available (business plan, etc.) Construction documents
Company name: Akkord