The Board of Directors of the New Urban Communities Authority, at its meeting, approved Under the chairmanship of Eng. Sherif El-Sherbiny, Minister of Housing, Utilities and Urban Communities, to grant facilities for the payment of late financial dues on residential, administrative, professional and commercial units Commercial plots of land of various types and areas (residential – commercial – service – investment – industrial – lands of legalization and regularization… etc.), villas and beach units established by the Authority, with exemption from late fines on the installments due at specific rates and conditions, for a period of three months from the date of the announcement in the newspapers. The daily newspaper.
Engineer Sherif El-Sherbiny confirmed that this comes within the framework of the political leadership’s directives to make it easier for citizens and investors and to create an attractive climate for investments in various sectors, including the real estate sector.
Engineer Sherif El-Sherbiny explained that it was approved to grant facilitations in the payment of financial dues by exempting 70% from the value of late fines on the installments due upon full payment. Late dues, and granting facilities in paying financial dues by exempting 50% from the value of late fines on the installments due if 50% of the late dues are paid, provided that an additional 10% exemption is granted in the event of payment within 30 days from the date of the announcement.
The approval stipulated that benefiting from these facilities should be done once during the specified period in accordance with the controls and conditions stated. By decision.
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