In January-February 2024, permissions granted were issued for the construction of buildings with an area of 222,000 square meters.
According to the February review on Tbilisi residential real estate published by TBC Capital, the amount of construction space received increased by 59% annually during this period.
TOP-5 Developers By Construction Space and Permits
1. ELT Development LLC, which is building a multi-apartment residential building in Isani, of which 30.2 thousand m² is residential, while 2 thousand m² is commercial space, and 26.7 thousand m² is other type of space.
2. LLC Matiani Biograpi is building a multi-apartment residential building on Tsereteli Avenue in Didube. The residential space includes 18.6 thousand m², while 6.4 thousand m² is commercial, and 23.7 thousand m² are for other functions;
3. LLC Didi Digomi Residence,in this project, 16 thousand m² are residential, and 11.3 thousand m² are for other purposes;
4. Green Park Development LLC will build a multi-apartment residential building in Didi Dighomi, where the living area is 5.7 thousand m², and 4.5 thousand m² is for other purposes;
5.LLC UN 1 will build a multi-apartment residential building in Vake, of which 7.5 thousand m² is the living area, and 2.2 thousand is for other purposes.
