Gezana Realestate P.L.C

About Gezana

Gezana real estate is aimed at mitigating the shortage of house, which is one of the basic necessities of human kind. Starting from selecting proper residential area, the company engages in constriction house, property administration and other related activities and realizes the dream of its customers by providing quality villas in reasonable price.

Introduction

Gezana, to mean our home, is a pioneering real estate initiative undertaken by Country Trading PLC lately. A major homegrown business group already successful in the import-export and manufacturing sector, Country Trading PLC, has expanded its operation into the newly flourishing, yet untapped, construction sector by launching a subsidiary- YTY Construction PLC . Gezana Real Estate is yet another division of this construction company which is licensed by the Ministry of Commerce and Industry as per the commercial code of Ethiopia.

Appreciative of the efforts which are being exerted elsewhere in the country in the blooming real estate sector, Gezana is committed to start its operation in Mekele, capital of Tigray Regional State. It makes Gezana the first of its kind in the regional state.

Mekele

Located some 800 Kms north of Addis Ababa, Mekele is the capital of the Tigray Region and home to the headquarters of the United Nations Mission in Ethiopia and Eritrea.

Its elevation of 2,084 meters above sea level, gives Mekele a suitable weather condition.

With its international standard (Alula Aba Nega) airport, and other means of land transportation, Mekele is in regular touch with the national capital and the rest of the country seven days a week.

As a city which beautifully combines the flavor of culture, history and modernity, Mekele is home of the palace of Yohannes IV which was built at the Emperor's command in 1884. The palace is located at the northern edge of the city. The complex still stands and now serves as a museum, where the Emperor’s throne, royal bed, ceremonial dress, rifles and many other valuable historical collections can be seen.

The other primary local landmark in this city is the recent TPLF Martyrs’ Monument which has added to the diverse sceneries of this historic city. According to local historians Mekele was founded in the 13th century.

An estimated total population of 169, 207, (CSA 1994 and 2005) and total city-Woreda area of 24.44 square kilometers, make Mekele the largest city in northern Ethiopia and sixth largest in Ethiopia.

Though Mekele has had these and other untold inviting features, the sector of real estate and modern housing has been untapped yet. This is the gap which Gezana Real Estate steps in to fill.

As an affiliate company of the YTY Construction and hence Country Trading PLC, Gezana Real Estate enjoys the ultimate reputation, skilled management and reliable capital of its parent company.

Objective

The object of Gezana Real Estate stems from its utmost conviction that homes are for every human being and not exclusive to the rich. The short-term objective is thus mitigating the shortage of houses thereby building comfortable but still affordable houses.

And the long-term objective is to expand the real estate investment in Addis Ababa and other parts of the country for which the groundwork is already underway.

Location Of The Project

Gezana real estate has observed the contraction of other real estate companies, which are established all over, the country to grasp there experience and learned from their strength and weakness. Then it established its company in Mekelle, the capital city of Tigray that is the first in its kind in the regional state.

Mekelle

Mekelle is the capital city of Tigray, and have suitable weather for living and it’s also panorama and historical places. As the last few years the development activity and the constructions of infrastructure are tremendously increasing in the city. All these features show that Mekelle is paving the way to rapid, suitable and modern development.

Infastructure, which are available around Adi Haqi site of Gezana Real Estate;

• Mekelle University, Elementary and Secondary schools
• 1st Grade asphalt road
• Modern International market center
• Government and Private Health institutions
• Mekelle International stadium, under contraction
• Different religious institution

Ade Haqi

Ade haqi is found western part of the present center of mekelle. Gezana real estate has secured the plot of land from the regional government for the construction of the number of house, which is found in this area. Lot infrastructures are underway in Adi Haqi and these development activities make the area ideal place to live. It is also the first choice for the people who want to construct their house.

House Type

• Type 1:G+1
  • Plot area: 500m2
  • Floor area: 273m2
  • Ground floor area: 166m2
  • Upper floor area: 107m2
  • Bed rooms: 4
  • Office: 1
  • Bath rooms: 3
  • Shower room: 1
  • Store room: 1
• Type 2:G+1
  • Plot area: 500m2
  • Floor area: 334m2
  • Ground floor area: 157m2
  • Upper floor area: 177m2
  • Bed rooms: 4
  • Office: 1
  • Bath rooms: 2
  • Shower room: 1
  • Study room: 1
  • Maid’s room: 1
• Type 3:G+1
  • ​Plot area: 300m2
  • Floor area: 193m2
  • Ground floor area: 122m2
  • Upper floor area: 71m2
  • Bed rooms: 4
  • Office: 1
  • Bath rooms: 1
  • Shower room: 1
  • Store room: 1
• Type 4:G+1
  • ​Plot area: 250m2
  • Floor area: 185m2
  • Ground floor area: 90m2
  • Upper floor area: 96m2
  • Bed rooms: 3
  • Office: 1
  • Bath rooms: 1
  • Shower room: 1
  • Store room: 1

​Delivery Time

Gezana real estate already started the construction of the villas in 2008 based on the choice of its customer. The construction shall be conducted by YTY construction PLC in different standards and the delivery of the house shall take place within 6moth of time starting from the agreement is signed.