A fine development
Construction has begun on phase one of M-Invest's Fajny Dom complex in Kraków. Work is currently underway on two buildings along ul. Sołtysowskiej in the city's Czyżyny district, scheduled for delivery in Q4 2008. The developer has already initiated sales for the 224 apartments in this phase.
The investment will be divided into five phases, offering a total of 914 apartments in 16 buildings. The area of each apartment will range from 34 to 109 sqm. Currently, the price per sqm is set at zł.5,700 per sqm - relatively low for the Kraków area. The developer has, however, signaled that each subsequent phase of the project will command higher prices, as the area gains in popularity. Czyżyny is located 5.5 km from Kraków's Market Square, in the vicinity of shops, schools, libraries, shopping centers and public transportation. The Fajny Dom development will be a gated residential community with security monitoring, green recreational areas, and playgrounds.
"Fajny Dom will provide residents with everything they need for their day-to-day lives, including schools, shopping and entertainment," said Katarzyna Podyma from Emmerson Real Estate, the agency handling apartment sales for the development. "The developer is confident about the high standard of construction, reasonable prices and wide selection of apartments geared towards young people looking for a great home at a great price," she added.
Fajny Dom is M-Invest's third investment in the Kraków area and the company plans subsequent investments in Warsaw, Łód and Gliwice. M-Invest is active in other Central European countries, such as the Czech Republic, Slovakia, Hungary and Romania.
