Рейтинг@Mail.ru
USD
384.32
EUR
450.23
RUB
4.8933
GEL
141.11
Monday, June 30, 2025
weather in
Yerevan
+27

YSU Staffers to Get New Flats

10.07.2008, 16:33
RA President Serge Sargsyan attended a foundation laying ceremony for a residential building for staffers of Yerevan State University (YSU) in the Avan community.
YEREVAN, July 9. /ARKA/. RA President Serge Sargsyan attended a foundation laying ceremony for a residential building for staffers of Yerevan State University (YSU) in the Avan community.

YSU Prorector, Chairman of the YSU Graduate Association Arsen Karamyan reported that the construction is to be completed in two years. The project is estimated at 6bln AMD ($19.7mln), and the construction will be funded by the future owners themselves.

Karamyan reported that the residential building is designed for 261 families, and the flats will be put into service under turnkey contracts.

The cost of 1sq meter of housing is 170,000 AMD ($550). “A market study shows that one square meter of housing in buildings of similar design may cost up to 350,000 AMD, but we offer flat twice as cheap,” Karamyan said.

He pointed out that the flats will be distributed by means of sortition. Karamyan said that young lecturers with academic degrees, who have worked for at least three years, will mostly be owners of flats.

He added that the construction of a residential building for 200 more families will be started in 12-18 months.

The authors of the project, architect David Mirzoyan pointed out that a parking bay for 180 cars will be located on the ground floor of the ten-storey building. The architect pointed out the possibility of constructing new flats.

The construction will be carried out by the Glendale Hills company. –0--