According to firm Euro Insol, the legal administrator of Asmita Gardens, litigation with the constructor of the project, Strabag, was settled and the entire residential compound is available for prospective buyers. Strabag had been brought to court over contractual term breaches.
Asmita Gardens is a EUR130 million investment and has 758 apartments.
Asking prices start from EUR52,000 for a studio and hit EUR200,000 for a four-room apartment. Asmita Gardens also has seven penthouses, available at a price of EUR350,000.
The project was developed by Indian group Asmita and an investment fund administered by British company Charlemagne Capital. Asmita Gardens entered insolvency at the end of last year for debts amounting to about EUR70 million owed to Alpha Bank.