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Gift Real Estate’s new 850 million birr village was inaugurated on May 13 after six years in the making. President Dr. Mulatu Teshome and Dr. Ambachew Mekonnen, Minister of Urban Development and Houses attended the ceremony. giftThe homes include villas, three-storey buildings, and apartments and cost between 800,000 and  1.7 million birr.

The 350 homes rest on 90, 299 sqm and are located at CMC road. They are between 250 to 500sqm.

“The government can’t provide all the homes so we appreciate and support this investment and we need more developers to deliver homes on time, Dr. Mulatu Teshome said.

Gebreyesus Igata, founder and managing director of Gift Real Estate said that the company will deliver more homes in the coming few years.