Top 10 development companies implementing large-scale construction projects in Georgia

Tbilisi - a construction boom, a battle among developers for supremacy. Numerous failed and also successful projects, and the residents of this chaotic capital who watch the catastrophic rise in real estate prices every day. Alongside the buildings of Old Tbilisi, you will encounter modern structures at every turn, stretching over many thousands of square meters.

Developers are trying to attract customers with new projects, innovative offers, and marketing tricks, which is a fact that they undoubtedly succeed in. Despite the high cost, the likelihood of apartments being sold is high. Otherwise, there would be no sense in such large-scale development of the construction industry.

The construction industry is one of the most active sectors of business worldwide. It has a significant impact on the country’s economy. In developing countries, the development of the construction business not only promotes the progress of adjacent industries but also positively affects the country’s agriculture, transportation infrastructure, the number of jobs, etc. Infrastructure projects contribute to the national gross domestic product, which is directly aimed at increasing the country’s economic well-being. The development of the construction industry is accompanied by an increase in job opportunities. The construction industry is a business where the implementation of each project can have significance for the country’s economy, especially when it comes to developing countries – such as Georgia.

What is happening in our country? Who is the leading development company that has successfully gained the trust of the people and the country’s leaders?

Based on the real estate platform “livo – ლივო”, Kalaki.ge will introduce you to the top 10 largest development companies by construction area, which have offered us a variety of projects equipped with European standards…

“m²”

For 15 years, “m²” has held an important place in the real estate market of Georgia. The company creates a new, modern standard for comfortable living.

Today, more than 3,000 families live in the 11 residential complexes completed by the company. Energy efficiency, quality-focused construction, modern infrastructure of projects, and post-delivery service in the complexes are the main directions of m².

Since 2019, the company has started implementing neighborhood-type projects. One such project is “m³ Saburtalo,” which is designed for 2,000 families.

The completed residential complexes of m² include: m² Chubinashvili, m² near the Hippodrome, m² Kazbegi, m² Nutsubidze, m² Tamarashvili, Optima Isani, Skyline Residence, m² near the Hippodrome 2, m² Kazbegi 2, m² Chavchavadze, m² Melikishvili.

Currently, the company has five ongoing projects: m² Highlight, m³ Saburtalo, m² Mirtskhulava, m² Chkondideli, m² Nutsubidze 2.

“White Square”

“White Square” is a development company that is part of “Bikey Holding.” “Bikey Holding” includes the construction company “Bikey Construction,” the construction college “Construct2,” and the development company “White Square.”

“Bikey Construction” is one of the leading construction companies in Georgia with 30 years of experience. The company’s portfolio includes projects such as those of the development company m2 (including unfinished projects transferred from the company “Sveti”), projects of the development company “Archi,” the multi-apartment residential building of “Tbilisi Gardens,” Radisson Hotel in Signagi, Park Inn Hotel in Signagi, Moxy Hotel, Ramada Encore Hotel, Ramada Tbilisi Hotel, Gudauri Lodge Hotel, ibis Tbilisi Stadium Hotel, and others.

Over its 30 years of operation, “Bikey Construction” has aimed to establish high construction standards in the Georgian market.

As a result of years of accumulated experience in the construction sector, the idea of establishing “White Square” as an independent development company emerged.

The current projects of the development company “White Square” include: a multi-apartment residential project in Saburtalo called “White Square on Shartava”; an exclusive, 80-apartment residential building also in Saburtalo, on Giorgi Danelia Street – “Filigrini”; a multi-apartment residential building on Politkovskaya Street – “White Square on Jikia”; a new neighborhood in Saburtalo – “White Square on Mindeli”; a multi-apartment residential building – “White Square on Kavtaradze”; “White Square in Varketili.”

“Arch”

The history of Arch began in 2006. Today, Arch is also one of the leading development companies and unites nearly 30,000 “Archers” into one large family. It has completed 43 residential buildings, with a total construction area of over 805,000 sq.m. Currently, 20 projects are under construction, and in the near future, the construction of up to 10 new residential buildings and several hotels of international and local brands is planned in Tbilisi, as well as in the Black Sea and mountain resorts.

In addition to energy-efficient residential buildings tailored to the comfort of “Archers,” it is worth noting Arch’s apartment hotels, which offer high-level service to apartment owners and guests and represent an excellent investment opportunity for both Georgians and foreign citizens.

The company continues to care for residents after purchasing an apartment, providing them with comfort and various services. Additionally, the company frequently organizes various activities and events for “Archers,” aimed at ensuring resident satisfaction and fostering connections among them.

“Domusi”

The company “Domusi” was founded in 2006. Quality, innovation, and green architecture are their main and unchanging values. The current projects of the company “Domusi” include the following complexes:

“Domusi Trees”, 31 Chavchavadze Avenue – the main inspiration for the architectural concept is the landscape of the public park located in the area and the composition of perennial green plantings – trees, plasticity, and texture. The creation of an architectural composition consisting of three buildings of different tones and heights, similar to groups of trees, was determined by this landscape and plantings. This concept is further emphasized by the abundance of gardens, greenhouses, and green plantings on each floor of the building. The theme of the building’s exterior also follows the interior, where vertical wooden elements and natural textures dominate the design. On each floor, upon entering the elevator hall or corridor, the green concept of the exterior is a constant companion and merges with the interior through large windows.

“Domusi Hippodrome 3”, Tamarashvili St. No. 13 – a residential complex in the city center. 24 floors, 89 apartments. The project area is 21,000 sq.m. Convenient location; two parks with a total area of 11,000 sq.m.; secured yard; ecological environment; combined basketball and mini-football field; bicycle path; wellness spa center – swimming pool, fitness room, and café.

“Domusi Spring”, located at Spring Street No. 8, is a 21-story residential complex consisting of 2 entrances, featuring 230 apartments. 2 floors are dedicated to underground parking, which is designed for over 200 vehicles. The project includes a recreational area covering 4000 sq.m. In the yard, a creative garden will be arranged for children. The investment made in the project aims to create an environmentally friendly and cozy development. The spring mood in the interior will be created by the colorful works of artist Maia Abashidze.

Additionally, the company’s ongoing projects include “Domusi Paliashvili 114”, “Domusi Chavchavadze 29”, and “Domusi Hippodrome 2”.

As for the completed projects of “Domusi”, they are: Domusi Vake Park, Domusi Chavchavadze 47a, Domusi Hippodrome, Domusi Bagebi 2, Domusi Paliashvili 63, Domusi Mtskheta, Domusi Riga, Domusi Kavsadze, Domusi Bagebi.

“Monolith Group”

Monolith Group has been operating in the construction sector since 2013. The company has established itself in the Georgian construction market as a reliable and customer-oriented company. Monolith Group provides a full range of construction, reconstruction, restoration, and renovation works. Under their leadership and participation, several multifunctional complexes, residential buildings, and cultural heritage monuments have been built and restored.

The construction company’s projects include: Monolith Green City, Monolith Baghebi, Monolith Residence Ortachala, Monolith City, Monolith Nutsubidze 1, Monolith Nutsubidze 2, Monolith Varketili. Monolith Group uses energy-efficient technologies in project implementation.

“BLOX”

BLOX has been operating in the real estate development market in Georgia since 2016, creating new comfortable living standards every day. Their main priority is to provide customers with residential spaces built in safe, European standard, green, and peaceful locations. The development company “BLOX” includes the following projects: Blox Krtsanisi, Blox Avlabari, Blox Nutsubidze, Blox Beliashvili. The location of these construction projects, along with their main characteristics, represents an ecologically clean environment, greenery, historical neighborhoods, and strategically important territory for investment purposes.

“Ocean Capital”

“Ocean Capital” implements high-quality, premium-class real estate projects for both residential and commercial purposes. Currently, the company is constructing several high-class real estate projects in the Vake district of Tbilisi. “Ocean Capital” is determined to continue investing in Georgia with a long-term perspective. Ocean Capital (in Georgia) is part of the Ocean Capital Holding, which consists of an investment group from the Netherlands, the United Kingdom, and the Middle East. Each of them has over 60 years of operational experience in construction and building materials production, real estate development and management (large residential, commercial buildings, and hotels) in both Eastern and Western Europe and Asia.

Current projects of this company in Tbilisi include: Ocean Vake Residence, Ocean Vake Plaza, Ocean Vake Park, Ocean Sky Residence.

“Gumbati”

600,000 sq.m. of constructed residential and commercial space – this is the company “Gumbati Group”, which began its market positioning in 1998. This is a company that has carried out large-scale construction in Batumi. “Gumbati Group” has built 500,000 sq.m. of commercial and residential space, as well as 2 Olympic standard stadiums.
The construction projects carried out by the company include: Gumbati Residence, Boulevard Point, Portline from Gumbati, Gumbati on Gorgasali, Gumbati on Kheivani, Gumbati on Tamarashvili, Boulevard Gate, Gumbati in Bakuriani, Subtropic City, Gumbati on Gorgiladze, Gumbati on Chavchavadze.

“X2 Development”

The company X2 Development was founded in 2014 and has since become one of the leading development companies in the construction industry. X2 Development is the first company to implement the construction of swimming pools on the rooftops of high-rise buildings. The company uses energy-efficient construction materials during construction. Their projects consider both open and closed parking spaces, as well as chargers for electric vehicles, according to individual concepts. As of today, X2 Development has 4 completed and 5 ongoing projects in Tbilisi and other major cities. Completed projects include: BAKURIANI 4REST, SHARTAVA FUSION, SHARTAVA POOL HOUSE, X2 MTSKETADZE. Ongoing: ZENX DIGHOMI, KAZBEGI RESIDENCE, DIGHOMI RESIDENCE, TSERETELI DELUXE, VAKE PARKSIDE RESIDENCE.

“Apartment Development”

“Apartment Development” – is a new company represented in the construction market, which plans a 300% increase in construction volume in 2023. Each ongoing or future project of the company is designed with a refined exterior, efficient interior planning, and exceptional location. Their main goal is to give new life to Old Tbilisi. The premium residential complexes of this company are as follows: OLD CITY PANORAMA, OLD CITY PANORAMA II, EZO OLD TBILISI, TAGHI OLD TBILISI, APART LISI, BUKHAIDZE B1, BUKHAIDZE B2.