Azimullah Khan

<p>The Indian real estate market is experiencing a notable revival, fueled by large-scale developments and growing buyer demand. In Q2 FY26, pre-sales saw a strong rise, reflecting renewed investor and consumer confidence.</p>

<h2>Surge in Pre-Sales</h2>
<p>Pre-sales data for the quarter point to a booming property market, especially in metro cities. High-value projects and urban redevelopment are driving a surge in transactions.</p>

<h2>Factors Behind the Momentum</h2>
<ul>
  <li>Expanding and improving infrastructure</li>
  <li>Supportive government policies and incentives</li>
  <li>Strong consumer confidence in real estate</li>
  <li>Low interest rates making property purchases more accessible</li>
</ul>
<p>These factors combined are making buyers more willing to invest, particularly in well-located, high-quality developments.</p>

<h2>Looking Ahead</h2>
<p>The outlook for the real estate sector remains positive. With developers continuing to launch large projects and buyers showing strong intent, the momentum in pre-sales is likely to persist.</p>

<p>Overall, the Q2 FY26 performance underlines a story of recovery, resilience, and optimism for long-term growth in India’s property markets.</p>

Enjoyed this update? Visit <a href="https://www.aurumproptech.in/pulse/media" target="_blank" rel="noopener noreferrer">PropTech Pulse</a> for more real estate news and market insights.

Q2 FY26 sees real estate pre-sales soar, signaling robust market momentum driven by major projects and increased consumer confidence.

Strong Demand Propels Q2 FY26 Pre-Sales in Real Estate Market

<p>Investment in rental housing in the Czech Republic exceeded €455 million during the first nine months of 2026, making it the country’s second-largest real estate investment segment after offices. </p>

<p>The sector accounted for 22% of total investment volume, according to analysis by Knight Frank.</p>

<h2>Czech Rental Housing Investment Reaches €455 Million</h2>

<p>The broader Czech real estate market recorded more than €2.08 billion in investment during the same nine-month period. </p>

<p>This represented a 19% decline compared with 2025, although activity improved in the third quarter, when transactions exceeded €720 million, up 92% year on year.</p>

<p>Significant transactions included WOOD &amp; Company’s acquisition of 760 apartments in Prague’s Písnice district.</p>

<p> Other notable deals involved an affordable rental housing project in Strašnice and building A3 within the planned Rohan City development in Karlín.</p>

<h2>Prague Expands Its Institutional Rental Housing Stock</h2>

<p>Prague remains the Czech Republic’s principal market for institutional rental housing. </p>

<p>Approximately 4,000 apartments in projects containing more than 50 units are operational, while nearly 2,400 additional apartments are under construction or renovation. The pipeline is equivalent to roughly 60% of the existing institutional stock.</p>

<p>More than 1,000 units are expected to be completed within the next six months. These include the third phase of Vysočanský Mlýn, which will provide 306 apartments and is scheduled to enter the rental market in the first quarter of 2027.</p>

<p>Prague 9 has the city’s largest concentration of institutional rental housing, with more than 1,660 apartments, representing 42% of the total stock. </p>

<p>Affordable housing accounts for approximately 16% of existing institutional rental apartments, with another 312 units under construction.</p>

<h2>Rental Rates and Investment Yields</h2>

<p>Average asking rents in Prague’s build-to-rent developments reached CZK 615 per square metre per month. Rents rose 2.5% over six months and 1.5% year on year. </p>

<p>Listings from individual private landlords averaged CZK 499 per square metre monthly, approximately 19% below institutional project levels.</p>

<p>Prime build-to-rent yields declined by 50 basis points during the year to 4%. By comparison, prime office property yields stood at 5%, placing Prague’s build-to-rent market on a par with London, Vienna and Madrid. </p>

<p>Further modest yield compression is expected based on transactions under negotiation.</p>

<p><strong>Also Read:</strong> <a href="https://www.aurumproptech.in/pulse/media/prague-plans-5500-home-rental-district-worth-czk-50b" target="_blank" rel="noopener noreferrer">Prague Plans 5,500-Home Rental District Worth CZK 50B</a></p>

<h2>Brno Also Sees Institutional Rental Growth</h2>

<p>Institutional rental housing is expanding in Brno, where 576 apartments in projects with more than 50 units are operational. More than 400 additional apartments are under construction, representing over two-thirds of the existing stock.</p>

<p>Notable developments include Dornych, with 190 apartments, and Montowna at the former Zbrojovka site.</p>

<p> Average asking rents in Brno’s build-to-rent projects stand at CZK 461 per square metre per month, approximately one-quarter below Prague levels.</p>

<p><strong>Also Read:</strong> <a href="https://www.aurumproptech.in/pulse/media/danube-house-retrofit-targets-leed-platinum-in-prague" target="_blank" rel="noopener noreferrer">Danube House Retrofit Targets LEED Platinum in Prague</a></p>

<h2>Key Takeaways</h2>

<ul>
<li>Czech rental housing attracted more than €455 million in investment during the first nine months of 2026.</li>
<li>Prague has approximately 4,000 operational institutional rental apartments, with nearly 2,400 under construction or renovation.</li>
<li>Prime Prague build-to-rent yields fell to 4%, while average asking rents reached CZK 615 per square metre monthly.</li>
<li>Brno had 576 operational institutional rental apartments and more than 400 additional units under construction.</li>
</ul>


<p>Enjoyed this update? Visit <strong><a href="https://aurumproptech.in/pulse/media">PropTech Pulse</a></strong> for more real estate news, investment insights and property market trends.</p>

Investment in rental housing in the Czech Republic exceeded €455 million during the first nine months of 2026, making it the country’s second-largest real estate investment segment after offices. The sector accounted for 22% of total investment volume, according to analysis by Knight Frank. Czech Rental Housing Investment Reaches €455 Million The broader Czech real estate market recorded more than €2.08 billion in investment during the same nine-month period. This represented a 19% decline compared with 2025, although activity improved in the third quarter, when transactions exceeded €720 million, up 92% year on year. Significant transactions included WOOD & Company’s acquisition of 760 apartments in Prague’s Písnice district. Other notable deals involved an affordable rental housing project in Strašnice and building A3 within the planned Rohan City development in Karlín. Prague Expands Its Institutional Rental Housing Stock Prague remains the Czech Republic’s principal market for institutional rental housing. Approximately 4,000 apartments in projects containing more than 50 units are operational, while nearly 2,400 additional apartments are under construction or renovation. The pipeline is equivalent to roughly 60% of the existing institutional stock. More than 1,000 units are expected to be completed within the next six months. These include the third phase of Vysočanský Mlýn, which will provide 306 apartments and is scheduled to enter the rental market in the first quarter of 2027. Prague 9 has the city’s largest concentration of institutional rental housing, with more than 1,660 apartments, representing 42% of the total stock. Affordable housing accounts for approximately 16% of existing institutional rental apartments, with another 312 units under construction. Rental Rates and Investment Yields Average asking rents in Prague’s build-to-rent developments reached CZK 615 per square metre per month. Rents rose 2.5% over six months and 1.5% year on year. Listings from individual private landlords averaged CZK 499 per square metre monthly, approximately 19% below institutional project levels. Prime build-to-rent yields declined by 50 basis points during the year to 4%. By comparison, prime office property yields stood at 5%, placing Prague’s build-to-rent market on a par with London, Vienna and Madrid. Further modest yield compression is expected based on transactions under negotiation. Also Read: Prague Plans 5,500-Home Rental District Worth CZK 50B Brno Also Sees Institutional Rental Growth Institutional rental housing is expanding in Brno, where 576 apartments in projects with more than 50 units are operational. More than 400 additional apartments are under construction, representing over two-thirds of the existing stock. Notable developments include Dornych, with 190 apartments, and Montowna at the former Zbrojovka site. Average asking rents in Brno’s build-to-rent projects stand at CZK 461 per square metre per month, approximately one-quarter below Prague levels. Also Read: Danube House Retrofit Targets LEED Platinum in Prague Key Takeaways Czech rental housing attracted more than €455 million in investment during the first nine months of 2026. Prague has approximately 4,000 operational institutional rental apartments, with nearly 2,400 under construction or renovation. Prime Prague build-to-rent yields fell to 4%, while average asking rents reached CZK 615 per square metre monthly. Brno had 576 operational institutional rental apartments and more than 400 additional units under construction. Enjoyed this update? Visit PropTech Pulse for more real estate news, investment insights and property market trends.

Czech rental housing investment exceeded €455 million in the first nine months of 2026, accounting for 22% of real estate investment volume, Knight Frank says.

Prague Build-to-Rent Attracts €455 Million Investment

<p>EPP has increased its equity interest in the joint venture that owns Poland’s M1 shopping centre portfolio to 59.4%.</p>

<p> The revised ownership structure brings RMB Investments and Advisory Proprietary Limited (RMBIA) into the venture as a new investor, alongside EPP and Redefine Europe.</p>

<h2>Updated Ownership Structure of the M1 Portfolio</h2>

<p>The joint venture now has three shareholders. EPP holds a 59.4% stake, RMBIA owns 23.1%, and Redefine Europe retains a 17.5% interest. The changes simplify the shareholder structure and introduce RMBIA as a new partner.</p>

<p>EPP Chief Executive Officer Tomasz Trzósło said the increased stake reflects the company’s confidence in the potential of the shopping centres to generate higher value. He also welcomed RMBIA’s participation, noting that the new investor shares the partners’ view of the portfolio’s future opportunities.</p>

<h2>Plans to Enhance Nine M1 Shopping Centres</h2>

<p>The joint venture partners plan to focus on improving the performance and appeal of the nine M1 centres across Poland. Their priorities include refining tenant line-ups, expanding leisure offerings, modernising the properties and increasing gross leasable area.</p>

<p>Decisions concerning individual shopping centres will be guided by their long-term prospects. The partners have not specified individual project locations or disclosed the planned scale of modernisation and expansion in the announcement.</p>

<p><strong>Also Read:</strong> <a href="https://www.aurumproptech.in/pulse/media/speedwell-opens-675-bed-tribera-student-residence" target="_blank" rel="noopener noreferrer">Speedwell Opens 675-Bed Tribera Student Residence</a></p>

<h2>Changes to Tenant Mix and Shopping Offers</h2>

<p>The M1 centres have recently undergone changes to their tenant mix and overall offerings. These adjustments are intended to reinforce their position as shopping destinations for local communities.</p>

<p>The next phase of the joint venture’s plans combines tenant selection, leisure facilities and property improvements. The partners will assess individual locations based on their long-term potential as they consider how to refine the portfolio.</p>

<p><strong>Also Read:</strong> <a href="https://www.aurumproptech.in/pulse/media/lemontree-starts-stream-krakow-logistics-complex" target="_blank" rel="noopener noreferrer">LemonTree Starts Stream Kraków Logistics Complex</a></p>

<h2>Key Takeaways</h2>

<ul>
<li>EPP has increased its ownership stake in the M1 shopping centre joint venture to 59.4%.</li>
<li>RMBIA has joined the venture with a 23.1% stake, while Redefine Europe holds 17.5%.</li>
<li>The portfolio comprises nine M1 shopping centres in Poland.</li>
<li>Planned priorities include tenant-mix refinement, broader leisure offerings, modernisation and increased gross leasable area.</li>
</ul>

<p>Enjoyed this update? Visit <strong><a href="https://aurumproptech.in/pulse/media">PropTech Pulse</a></strong> for more real estate news, investment insights and property market trends.</p>

EPP has increased its equity interest in the joint venture that owns Poland’s M1 shopping centre portfolio to 59.4%. The revised ownership structure brings RMB Investments and Advisory Proprietary Limited (RMBIA) into the venture as a new investor, alongside EPP and Redefine Europe. Updated Ownership Structure of the M1 Portfolio The joint venture now has three shareholders. EPP holds a 59.4% stake, RMBIA owns 23.1%, and Redefine Europe retains a 17.5% interest. The changes simplify the shareholder structure and introduce RMBIA as a new partner. EPP Chief Executive Officer Tomasz Trzósło said the increased stake reflects the company’s confidence in the potential of the shopping centres to generate higher value. He also welcomed RMBIA’s participation, noting that the new investor shares the partners’ view of the portfolio’s future opportunities. Plans to Enhance Nine M1 Shopping Centres The joint venture partners plan to focus on improving the performance and appeal of the nine M1 centres across Poland. Their priorities include refining tenant line-ups, expanding leisure offerings, modernising the properties and increasing gross leasable area. Decisions concerning individual shopping centres will be guided by their long-term prospects. The partners have not specified individual project locations or disclosed the planned scale of modernisation and expansion in the announcement. Also Read: Speedwell Opens 675-Bed Tribera Student Residence Changes to Tenant Mix and Shopping Offers The M1 centres have recently undergone changes to their tenant mix and overall offerings. These adjustments are intended to reinforce their position as shopping destinations for local communities. The next phase of the joint venture’s plans combines tenant selection, leisure facilities and property improvements. The partners will assess individual locations based on their long-term potential as they consider how to refine the portfolio. Also Read: LemonTree Starts Stream Kraków Logistics Complex Key Takeaways EPP has increased its ownership stake in the M1 shopping centre joint venture to 59.4%. RMBIA has joined the venture with a 23.1% stake, while Redefine Europe holds 17.5%. The portfolio comprises nine M1 shopping centres in Poland. Planned priorities include tenant-mix refinement, broader leisure offerings, modernisation and increased gross leasable area. Enjoyed this update? Visit PropTech Pulse for more real estate news, investment insights and property market trends.

EPP has increased its stake in Poland’s nine-centre M1 shopping portfolio to 59.4%, with RMBIA joining the joint venture alongside Redefine Europe.

EPP Raises Stake in Poland’s M1 Shopping Centres

Vicky Soni

<p>Property investors in the United Arab Emirates should look beyond headline rental yields and evaluate acquisition prices, rental demand, ownership costs and resale prospects before committing to a purchase, says Clint Khan, founder and chief executive officer of Realtor Signature Properties. </p>

<p>Khan said rising property prices do not automatically translate into strong investment returns, making careful property selection increasingly important.</p>

<h2>Why Rental Yields Alone Do Not Guarantee Returns</h2>

<p>Dubai's average gross residential rental yield is currently around the mid-7% range, according to Khan.</p>

<p> However, he cautioned investors against treating this figure as a guaranteed return because the actual outcome depends on expenses and the property's eventual resale value.</p>

<p>Investors should examine service charges, future property supply, infrastructure, the developer's track record and the level of genuine rental demand in a community.</p>

<p> They should also consider who might rent or purchase the property when they decide to exit the investment.</p>

<p>Khan said the market has changed from four years ago, when purchasing early in the right Dubai community could generate significant upside. He believes buyers now need to be more selective about individual developments and acquisition prices.</p>

<h2>Dubai and Abu Dhabi Communities to Consider</h2>

<p>For buyers seeking family housing with investment potential, Khan highlighted established communities and developments planned for longer-term growth.</p>

<p> He identified Dubai Hills Estate as an option for established family living, citing its schools, healthcare facilities, parks, retail and connectivity.</p>

<p>For longer-term family growth, he pointed to The Valley by Emaar. He also highlighted Al Ghadeer Gardens by Aldar, located between Dubai and Abu Dhabi, because of its location and planned family infrastructure.</p>

<p>In Abu Dhabi, Hudayriyat Island offers a different proposition, with a premium lifestyle focus built around sport, education and long-term destination development.</p>

<p> Khan stressed that even properties within sought-after communities must be assessed individually, as location alone does not establish whether a purchase represents a sound investment.</p>

<h2>What First-Time Property Buyers Should Evaluate</h2>

<p>Khan advised first-time buyers to establish their objectives before searching for properties.</p>

<p> A purchase intended to generate rental income may require a different assessment from one intended as a family residence or a long-term investment.</p>

<p>Buyers should compare similar property transactions, estimate realistic rental income and calculate total acquisition costs. </p>

<p>Service charges, future supply and the developer's track record should also form part of the assessment.</p>

<p>He warned against making rushed decisions based on promotional incentives, payment plans or claims that a development is nearly sold out. In his view, an investment should remain financially attractive even after marketing offers and incentives are excluded.</p>

<p><strong>Also Read:</strong> <a href="https://www.aurumproptech.in/pulse/media/egypt-plans-four-year-housing-programme-for-all-incomes" target="_blank" rel="noopener noreferrer">Egypt Plans Four-Year Housing Programme for All Incomes</a></p>

<h2>Property Advice Beyond the Purchase</h2>

<p>Realtor Signature Properties says its advisory process begins with the client's circumstances rather than a particular development. The company considers budgets, family requirements, workplace locations, children's education, investment horizons and residency plans before recommending properties.</p>

<p>Its services include comparing developers, communities, prices, rental potential, future supply and exit opportunities.</p>

<p> For qualifying investors, the company also provides guidance on property investment routes to the UAE Golden Visa, alongside support with negotiation, documentation, financing, purchase and handover.</p>

<p><strong>Also Read:</strong> <a href="https://www.aurumproptech.in/pulse/media/qatar-property-transactions-top-481-million-in-september" target="_blank" rel="noopener noreferrer">Qatar Property Transactions Top $481 Million in September</a></p>

<h2>Key Takeaways</h2>

<ul>
<li>Dubai's average gross residential rental yield is around the mid-7% range, according to Khan, but this does not guarantee investment returns.</li>
<li>Investors should assess entry prices, rental demand, service charges, future supply and resale prospects.</li>
<li>Dubai Hills Estate, The Valley, Al Ghadeer Gardens and Hudayriyat Island were highlighted for different residential and investment considerations.</li>
<li>First-time buyers should establish their objectives and evaluate total acquisition costs before committing.</li>
</ul>

<p>Enjoyed this update? Visit <strong><a href="https://aurumproptech.in/pulse/media">PropTech Pulse</a></strong> for more real estate news, investment insights and property market trends.</p>

Property investors in the United Arab Emirates should look beyond headline rental yields and evaluate acquisition prices, rental demand, ownership costs and resale prospects before committing to a purchase, says Clint Khan, founder and chief executive officer of Realtor Signature Properties. Khan said rising property prices do not automatically translate into strong investment returns, making careful property selection increasingly important. Why Rental Yields Alone Do Not Guarantee Returns Dubai's average gross residential rental yield is currently around the mid-7% range, according to Khan. However, he cautioned investors against treating this figure as a guaranteed return because the actual outcome depends on expenses and the property's eventual resale value. Investors should examine service charges, future property supply, infrastructure, the developer's track record and the level of genuine rental demand in a community. They should also consider who might rent or purchase the property when they decide to exit the investment. Khan said the market has changed from four years ago, when purchasing early in the right Dubai community could generate significant upside. He believes buyers now need to be more selective about individual developments and acquisition prices. Dubai and Abu Dhabi Communities to Consider For buyers seeking family housing with investment potential, Khan highlighted established communities and developments planned for longer-term growth. He identified Dubai Hills Estate as an option for established family living, citing its schools, healthcare facilities, parks, retail and connectivity. For longer-term family growth, he pointed to The Valley by Emaar. He also highlighted Al Ghadeer Gardens by Aldar, located between Dubai and Abu Dhabi, because of its location and planned family infrastructure. In Abu Dhabi, Hudayriyat Island offers a different proposition, with a premium lifestyle focus built around sport, education and long-term destination development. Khan stressed that even properties within sought-after communities must be assessed individually, as location alone does not establish whether a purchase represents a sound investment. What First-Time Property Buyers Should Evaluate Khan advised first-time buyers to establish their objectives before searching for properties. A purchase intended to generate rental income may require a different assessment from one intended as a family residence or a long-term investment. Buyers should compare similar property transactions, estimate realistic rental income and calculate total acquisition costs. Service charges, future supply and the developer's track record should also form part of the assessment. He warned against making rushed decisions based on promotional incentives, payment plans or claims that a development is nearly sold out. In his view, an investment should remain financially attractive even after marketing offers and incentives are excluded. Also Read: Egypt Plans Four-Year Housing Programme for All Incomes Property Advice Beyond the Purchase Realtor Signature Properties says its advisory process begins with the client's circumstances rather than a particular development. The company considers budgets, family requirements, workplace locations, children's education, investment horizons and residency plans before recommending properties. Its services include comparing developers, communities, prices, rental potential, future supply and exit opportunities. For qualifying investors, the company also provides guidance on property investment routes to the UAE Golden Visa, alongside support with negotiation, documentation, financing, purchase and handover. Also Read: Qatar Property Transactions Top $481 Million in September Key Takeaways Dubai's average gross residential rental yield is around the mid-7% range, according to Khan, but this does not guarantee investment returns. Investors should assess entry prices, rental demand, service charges, future supply and resale prospects. Dubai Hills Estate, The Valley, Al Ghadeer Gardens and Hudayriyat Island were highlighted for different residential and investment considerations. First-time buyers should establish their objectives and evaluate total acquisition costs before committing. Enjoyed this update? Visit PropTech Pulse for more real estate news, investment insights and property market trends.

UAE property investors are urged to assess entry prices, rental demand, service charges, future supply and resale prospects rather than rely on gross yields alone.

UAE Property Investors Urged to Look Beyond Rental Yields

Arvind Choudhary

<p>Archi, a real estate developer in Georgia, has unveiled the next phase of Archi Grand Avenue, a GEL 2 billion ($770 million) mixed-use development in Tbilisi. </p>

<p>Spanning 21 hectares, the project will combine residential properties, hospitality, commercial facilities and public spaces, with a five-star Hilton hotel, Wyndham Residences and 15 hectares dedicated to recreation.</p>

<h2>Archi Grand Avenue Expands Its Mixed-Use Development</h2>

<p>The new phase introduces branded hospitality and residential offerings alongside an integrated urban district designed to accommodate living, working and leisure activities. </p>

<p>Archi said the development is intended to bring together residential ownership, hospitality services and lifestyle infrastructure within one master-planned destination.</p>

<p>The next stage was announced at a presentation held at the development, attended by Georgia's prime minister, members of the Georgian government, international partners, media representatives and Archi residents. </p>

<p>A symbolic signing ceremony and the placement of a time capsule marked the milestone.</p>

<p>According to Archi, more than one in four of its buyers is already international.</p>

<p> The developer cited Georgia's location between Europe and Asia and its free-trade agreements with markets including the United Arab Emirates as factors supporting international interest in the country's property market.</p>

<h2>Residential, Hospitality and Recreational Facilities</h2>

<p>Archi Grand Avenue is planned across 21 hectares, with 15 hectares allocated to recreational and landscaped areas. The outdoor facilities will include parks, cycling paths, a skatepark, an urban amphitheatre and dedicated children's spaces.</p>

<p>The wider master plan also includes restaurants, entertainment venues, a school, a kindergarten, a padel centre, football and basketball courts, a 3,200-square-metre gym and a spa. A planned underground tunnel will provide a direct connection to Tsereteli Avenue.</p>

<p>The development's hospitality component includes a five-star Hilton hotel and Wyndham Residences. These branded elements form part of Archi's plan to combine accommodation, residential properties and commercial activities within one destination.</p>

<h2>Former Railway Factory to Become a Mixed-Use Destination</h2>

<p>A key element of the project is the adaptive reuse of Tbilisi's former railway carriage factory.</p>

<p> The development plan aims to preserve the site's industrial heritage while transforming it into a destination for dining, coworking, retail, technology and entertainment.</p>

<p>London-based architecture studio Benoy is leading the factory's transformation, supported by Alkaş &amp; Han Spaces. Chapman Taylor's Madrid studio is developing the Grand Avenue masterplan and Hilton hotel architecture.</p>

<p>Australian studio Oculus is contributing to the masterplan and landscape design under landscape designer Bob Earl, while Wei Yap Architecture is developing the wider architectural concept.</p>

<p><strong>Also Read:</strong> <a href="https://www.aurumproptech.in/pulse/media/reportage-and-sabah-unveil-four-projects-in-azerbaijan" target="_blank" rel="noopener noreferrer">Reportage and Sabah Unveil Four Projects in Azerbaijan</a></p>

<h2>Archi and Wyndham Outline Their Vision</h2>

<p>Archi founder and chairman Ilia Tsulaia said the development would bring Tbilisi's historical heritage together with modern living.</p>

<p> He described the objective as creating an integrated environment for residential, hospitality, commercial and public uses.</p>

<p>David Gesto, director of franchise operations for Wyndham Hotels &amp; Resorts in EMEA, said the company would contribute its hospitality experience and standards to the project.</p>

<p> He added that the partnership aimed to establish a new destination for branded residences in Georgia.</p>

<p><strong>Also Read:</strong> <a href="https://www.aurumproptech.in/pulse/media/samana-launches-collecta-for-premium-real-estate" target="_blank" rel="noopener noreferrer">SAMANA Launches COLLECTA for Premium Real Estate</a></p>

<h2>Key Takeaways</h2>

<ul>
<li>Archi Grand Avenue is a GEL 2 billion ($770 million) development in Tbilisi spanning 21 hectares.</li>
<li>The project includes a Hilton hotel, Wyndham Residences and 15 hectares of recreational space.</li>
<li>Plans include a school, kindergarten, sports facilities, restaurants, coworking spaces and entertainment venues.</li>
<li>The former railway carriage factory will be adapted for dining, retail, technology and entertainment uses.</li>
</ul>

<p>Enjoyed this update? Visit <strong><a href="https://aurumproptech.in/pulse/media">PropTech Pulse</a></strong> for more real estate news, investment insights and property market trends.</p>

Archi, a real estate developer in Georgia, has unveiled the next phase of Archi Grand Avenue, a GEL 2 billion ($770 million) mixed-use development in Tbilisi. Spanning 21 hectares, the project will combine residential properties, hospitality, commercial facilities and public spaces, with a five-star Hilton hotel, Wyndham Residences and 15 hectares dedicated to recreation. Archi Grand Avenue Expands Its Mixed-Use Development The new phase introduces branded hospitality and residential offerings alongside an integrated urban district designed to accommodate living, working and leisure activities. Archi said the development is intended to bring together residential ownership, hospitality services and lifestyle infrastructure within one master-planned destination. The next stage was announced at a presentation held at the development, attended by Georgia's prime minister, members of the Georgian government, international partners, media representatives and Archi residents. A symbolic signing ceremony and the placement of a time capsule marked the milestone. According to Archi, more than one in four of its buyers is already international. The developer cited Georgia's location between Europe and Asia and its free-trade agreements with markets including the United Arab Emirates as factors supporting international interest in the country's property market. Residential, Hospitality and Recreational Facilities Archi Grand Avenue is planned across 21 hectares, with 15 hectares allocated to recreational and landscaped areas. The outdoor facilities will include parks, cycling paths, a skatepark, an urban amphitheatre and dedicated children's spaces. The wider master plan also includes restaurants, entertainment venues, a school, a kindergarten, a padel centre, football and basketball courts, a 3,200-square-metre gym and a spa. A planned underground tunnel will provide a direct connection to Tsereteli Avenue. The development's hospitality component includes a five-star Hilton hotel and Wyndham Residences. These branded elements form part of Archi's plan to combine accommodation, residential properties and commercial activities within one destination. Former Railway Factory to Become a Mixed-Use Destination A key element of the project is the adaptive reuse of Tbilisi's former railway carriage factory. The development plan aims to preserve the site's industrial heritage while transforming it into a destination for dining, coworking, retail, technology and entertainment. London-based architecture studio Benoy is leading the factory's transformation, supported by Alkaş & Han Spaces. Chapman Taylor's Madrid studio is developing the Grand Avenue masterplan and Hilton hotel architecture. Australian studio Oculus is contributing to the masterplan and landscape design under landscape designer Bob Earl, while Wei Yap Architecture is developing the wider architectural concept. Also Read: Reportage and Sabah Unveil Four Projects in Azerbaijan Archi and Wyndham Outline Their Vision Archi founder and chairman Ilia Tsulaia said the development would bring Tbilisi's historical heritage together with modern living. He described the objective as creating an integrated environment for residential, hospitality, commercial and public uses. David Gesto, director of franchise operations for Wyndham Hotels & Resorts in EMEA, said the company would contribute its hospitality experience and standards to the project. He added that the partnership aimed to establish a new destination for branded residences in Georgia. Also Read: SAMANA Launches COLLECTA for Premium Real Estate Key Takeaways Archi Grand Avenue is a GEL 2 billion ($770 million) development in Tbilisi spanning 21 hectares. The project includes a Hilton hotel, Wyndham Residences and 15 hectares of recreational space. Plans include a school, kindergarten, sports facilities, restaurants, coworking spaces and entertainment venues. The former railway carriage factory will be adapted for dining, retail, technology and entertainment uses. Enjoyed this update? Visit PropTech Pulse for more real estate news, investment insights and property market trends.

Archi is advancing its $770 million Grand Avenue project in Tbilisi, featuring Hilton, Wyndham Residences, housing, retail and 15 hectares of recreation space.

Strong Demand Propels Q2 FY26 Pre-Sales in Real Estate Market

Azimullah Khan

Azimullah Khan

Surge in Pre-Sales

Factors Behind the Momentum

Looking Ahead

Read More

Prague Build-to-Rent Attracts €455 Million Investment

EPP Raises Stake in Poland’s M1 Shopping Centres

UAE Property Investors Urged to Look Beyond Rental Yields

Archi Targets GCC Buyers for $770M Georgia Project