{"id":630150,"date":"2018-04-12T04:10:18","date_gmt":"2018-04-12T04:10:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/12\/nuca-reduces-penalties-on-delayed-payments-for-land-plots-real-estate-units\/"},"modified":"2018-04-12T04:10:18","modified_gmt":"2018-04-12T04:10:18","slug":"nuca-reduces-penalties-on-delayed-payments-for-land-plots-real-estate-units","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/12\/nuca-reduces-penalties-on-delayed-payments-for-land-plots-real-estate-units\/","title":{"rendered":"NUCA reduces penalties on delayed payments for land plots, real estate units"},"content":{"rendered":"<p>The New Urban Communities Authority (NUCA) agreed to reduce penalties imposed on individuals and developers for falling behind on payments for land plots, homes, and commercial units purchased through the authority, Housing Minister Mostafa Madbouly announced yesterday. Individuals who have completed all necessary payments will be exempted from all penalties, while those who are still paying instalments will see their fines reduced at varying degrees based on the amount paid thus far, <a href=\"https:\/\/www.youm7.com\/story\/2018\/4\/11\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%A5%D8%B3%D9%83%D8%A7%D9%86-%D8%A5%D8%B9%D9%81%D8%A7%D8%A1-%D9%85%D9%86-%D8%BA%D8%B1%D8%A7%D9%85%D8%A7%D8%AA-%D8%A7%D9%84%D8%AA%D8%A3%D8%AE%D9%8A%D8%B1-%D9%84%D9%85%D9%86-%D9%8A%D8%B3%D8%AF%D8%AF-%D8%A7%D9%84%D9%85%D8%AA%D8%A3%D8%AE%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9\/3738937\">Youm7 reports<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The New Urban Communities Authority (NUCA) agreed to reduce penalties imposed on individuals and developers for falling behind on payments for land plots, homes, and commercial units purchased through the authority, Housing Minister Mostafa Madbouly announced yesterday. Individuals who have completed all necessary payments will be exempted from all penalties, while those who are still [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9304],"tags":[72,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-630150","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"b5059a4e-ee77-4708-a46b-49581aa44e6c","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"NUCA reduces penalties on delayed payments for land plots, real estate units","related_issue":[630116],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.635426a3-e5b7-4b39-b4b3-5acf6299a775.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NUCA reduces penalties on delayed payments for land plots, real estate units - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/12\/nuca-reduces-penalties-on-delayed-payments-for-land-plots-real-estate-units\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NUCA reduces penalties on delayed payments for land plots, real estate units\" \/>\n<meta property=\"og:description\" content=\"The New Urban Communities Authority (NUCA) agreed to reduce penalties imposed on individuals and developers for falling behind on payments for land plots, homes, and commercial units purchased through the authority, Housing Minister Mostafa Madbouly announced yesterday. Individuals who have completed all necessary payments will be exempted from all penalties, while those who are still [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/12\/nuca-reduces-penalties-on-delayed-payments-for-land-plots-real-estate-units\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-12T04:10:18+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/12\/nuca-reduces-penalties-on-delayed-payments-for-land-plots-real-estate-units\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/12\/nuca-reduces-penalties-on-delayed-payments-for-land-plots-real-estate-units\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"NUCA reduces penalties on delayed payments for land plots, real estate units\",\"datePublished\":\"2018-04-12T04:10:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/12\/nuca-reduces-penalties-on-delayed-payments-for-land-plots-real-estate-units\/\"},\"wordCount\":86,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Real Estate + Housing\"],\"articleSection\":[\"Real Estate + Housing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/12\/nuca-reduces-penalties-on-delayed-payments-for-land-plots-real-estate-units\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/12\/nuca-reduces-penalties-on-delayed-payments-for-land-plots-real-estate-units\/\",\"name\":\"NUCA reduces penalties on delayed payments for land plots, real estate units - 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The authority, which is currently conducting an evaluation to determine the size of available land in new cities, has yet to\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593833,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/10\/nuca-offers-land-plots-worth-egp-35-5-bn-to-investors\/","url_meta":{"origin":630150,"position":1},"title":"NUCA offers land plots worth EGP 35.5 bn to investors","author":"enterpriseam admin","date":"10 October 2019","format":false,"excerpt":"The New Urban Communities Authority (NUCA) has tendered 26 mixed-use land plots worth EGP 35.5 bn in Sixth of October, Sheikh Zayed, New Cairo, and El Shorouk and Sadat cities under a new land tender mechanism, Housing Ministry sources told the press. In related news: NUCA has granted Al Arabia\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596323,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/egypts-nuca-offers-9-land-plots-in-new-cairo-to-developers\/","url_meta":{"origin":630150,"position":2},"title":"Egypt\u2019s NUCA offers 9 land plots in New Cairo to developers","author":"enterpriseam admin","date":"25 August 2019","format":false,"excerpt":"The New Urban Communities Authority (NUCA) is tendering nine land plots comprising around 1k feddans in New Cairo to developers, unnamed officials at the authority told the local press. Mixed use plots have been priced at EGP 9,870 per sqm while commercial plots are priced at EGP 30.4k per sqm.","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":576143,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/11\/nuca-waives-fines-on-late-installments-for-one-month\/","url_meta":{"origin":630150,"position":3},"title":"NUCA waives fines on late installments for one month","author":"enterpriseam admin","date":"11 November 2020","format":false,"excerpt":"Property owners are getting a one-month reprieve from late payment fines for properties developed by the New Urban Communities Authority (NUCA), the Housing Ministry said in a statement. 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A total of 170 companies made the 10% down payment specified by the new mechanism\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":635696,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/11\/nuca-finishes-urban-planning-on-20-plots-of-land-in-new-alamein\/","url_meta":{"origin":630150,"position":5},"title":"NUCA finishes urban planning on 20 plots of land in New Alamein","author":"enterpriseam admin","date":"11 December 2017","format":false,"excerpt":"The New and Urban Communities Authority (NUCA) is planning to tender 20 land plots at the New Alamein City by 1Q2018 to real estate and commercial developers, sources at the Housing Ministry tell Al Borsa. 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