Lot 2046 – Ra'anana
Project in Raanana beginning construction
City
Raanana
Statuss
Approved and available for construction
Projected Savings on Final Apartment
Hundreds of Thousands of NIS
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Background on the "Pardes Meshutaf" Project (Plan RA/2012 B):
Based on related project data from HLK regarding this neighborhood:
Current Status: The land is now approved and available for construction, currently undergoing development and infrastructure completion. The neighborhood itself is in advanced stages of construction, with some buildings already populated.
The Investment: The Land Realization Company (HLK) organized a group of investors who purchased about 5 dunams in the complex. The lands purchased were in the prime parcels of the complex, adjacent to the ground-level (single-family) homes on Pardes Meshutaf Street.
Development Plans: The neighborhood will feature 10-story buildings, totaling about 1,500 apartments.
Estimated Profit/Value: The value of the land for investors in the project has already doubled or more. Future apartments built in the complex are estimated to be worth around 4,500,000 NIS. Currently, the investor groups in these specific lots are in the organization phase prior to construction.
Note from the website: T.L.H (E&OE). Images are for illustrative purposes only for all projects. *** Let me know if you would like me to look up any other specific projects!